Over forty-five companies have committed to invest over US$ 3 billion in Africa’s agricultural sector as part of the G8′s New Alliance for Food and Nutrition Security initiative, US President Barack Obama announced today. The commitments were developed in collaboration with Grow Africa, an innovative partnership led by the World Economic Forum, the African Union [...]

The Director-General of the World Trade Organisation, Pascal Lamy, recently said tha he is optimistic about Africa’s trade prospects, especially in agriculture, and calls for a new approach to global trade deals after Doha. History has cast a long shadow over Africa’s trade performance, argues Pascal Lamy, director-general of the World Trade Organisation. Colonial patterns [...]

Arican countries should rebuild their fiscal buffers and diversify their economies away from commodities in order to protect themselves from another possible global downturn, says Nigerian Finance Minister Ngozi Okonjo-Iweala. Despite an unsuccessful bid for the World Bank’s presidency, Nigeria’s charismatic finance minister has much to celebrate. She is a leading light in Africa and [...]

A high-level delegation from the Ethiopian government has secured a loan for the construction of substations for the Ethiopia to Kenya power interconnection project from the World Bank (WB) last week. Confirming that the Bank has approved the loan, Haji Mohammed, head of Public relations for the Ministry of Finance & Economic Development (MoFED) declined [...]

Ethiopia has called for more foreign investment into the country’s railways, as it plans to build a railway network of nearly 6,000 kilometers in the coming decade. The lack of infrastructure is one of the Africa’s most serious economic challenges, said Ethiopian Ambassador to China Seyoum Mesfin recently at a forum in Macao. “The development [...]