Browsing: Niger

Zimbabwe Tobacco Farmers have collectively earned US$90,4 million from the sale of tobacco since its marketing selling season started as prices continue to firm.

Since the start of the 2021 tobacco selling season, farmers have sold 35,3 million kg worth US$90,4 million at an average price of US$2,56 per kilogram.

Comparing to the last season sale for the same period last which was an average price of US$2,25 per kg showed tremendous growth.

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So far, 475 338 bales of the crop have been sold compared to 264 885 during the same period last year.

The bulk of the crop, as has become the norm, has been sold through the contract floors.

Contracted growers have sold 32,6 million kg worth US$783,6 million while 2,6 million kg worth US$6,8 million were sold through auction sales.

The substantive chief …

While Nigeria is the largest exporter for Sesame seeds, there’s still a lot of untapped potential of the lucrative export business this even as the seeds demand increases  globally.

According to United states market based research report known as Hexa Research the Global sesame seeds market size is expected to hit $17.77 billion by 2025.

The fueling market demand was associated with its Increased application of the product as an anti-oxidant in various pharmaceutical formulations.

With the world production of Sesame seeds estimated to be 4. 8 million tonnes, ten [10] countries accounts for over 80% of it which includes Myanmar, India, China, Tanzania, Sudan, Ethiopia, Nigeria, Burkina Faso, Uganda, and Niger.

Africa, accounts for over 45 per cent of the crop, and in the last 10 years has become as a fast-growing supplier of sesame seed in the world market.

Of the Sesame seeds global production, over two million …

The African Development disbursed $5.6 million to Niger to implement its Africa Disaster Risk Management Funding Programme (ADRiFi).

The funds are from the African Development Fund (ADF-15) as technical and institutional support to strengthen the country’s resilience and response to drought-related disasters.

The project will be co-financed by the Bank’s group concessional rate loan window and the Pan-African mutual managed fund, a risk contribution of $1 million and by the Nigerien government $1.4 million.

Africa Disaster Risk Management Funding Programme (ADRiFi) aims to strengthen Niger’s resilience and response to climate shocks by improving its disaster risk management and adaptation to climate change.

ADRiFi will therefore provide financial and technical support to the Niger’s government through capacity building in terms of drought risk assessment, prevention of drought-related food crises and development of contingency plans. It will also support through transfer of sovereign risk through the subscription of insurance against drought risks …