The African Development Bank Group is a “regional multilateral development finance institution established to contribute to the economic development and social progress of African countries”. Founded in 1963, in Sudan, it is made up of 3 parts; the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). The AfDB is one of only 5 multilateral development banks in the worldRead More
Official Name: The Republic of Iraq Capital City: Baghdad Location: 33 00 N, 44 00 E Population: 38,872,655 (July 2020) Land: 437,072 sq. km Water: 950 sq. km Currency: Iraqi dinars (IQD) GDP (per capita): $16,700 Dominant religion: Muslim (95%), Christian (1%), Other (4%) Languages: Arabic, Kurdish (official), Turkmen, Syriac, Armenian (only official in some areas). Iraq is located in the Middle East, bordering the Read More
In the wake of the Covid-19 pandemic, the number of people facing acute hunger could double. Supported by the United Nations, the Norwegian government and African institutions, Yara has launched the Action Africa: Thriving Farms, Thriving Future initiative with the goal to mobilize support for 250,000 smallholder farmers in seven African countries to secure food production and improved food security. The initiative iRead More
Sudan’s location in Africa’s Northeast has resulted in a strong connection with the Middle East and this is evident today in a society dominated by Islamic religion and Arabic culture. Sudan was the largest country in Africa until the south seceded in 2011 and became the independent nation of South Sudan ending decades of civil war between the north and the south. Sudan’s main resource and export continues to be oil,Read More
The tea industry was founded in Africa by British settlers in the early 20th century in Kenya, Uganda, Malawi, and Tanzania, followed by Zimbabwe in the 1920’s and the West Cameroons in the 1950’s. Portuguese settlers planted tea in Mozambique in the 1930’s. Belgian settlers began planting it in the DRC in the 1940’s, in Burundi in the 1930’s and Rwanda in the 1950’s. After the end of the colonial era circa 1960-61, Read More
The Department for International Development (DFID) in the UK “uses aid to tackle the global challenges of our time” including poverty and disease, mass migration, insecurity and conflict. DFID has 3,600 employees based in East Kilbride, London.They focus on:• Strengthening global peace, security and governance• Increasing resilience and response to crisis• Tackling poverty• Helping the most vulnerable• Promoting gloRead More
The tobacco industry is a vast industry with a global turnover of US$814 billion. Health campaigns and a reputational requirement to include in companies’ portfolios a range of products have led to a shrinking in the area of land used for tobacco farming in most countries, even while the consumption has increased. However, the opposite is true in Africa, where the tobacco industry is growing rapidly. From 1995-2012 tRead More
The Department for International Development (DFID) in the UK uses aid to tackle the global challenges of our time including poverty and disease, mass migration, insecurity and conflict.They focus on: • Strengthening global peace, security and governance; • Increasing resilience and response to crisis • Tackling poverty; • Helping the most vulnerable; • Promoting global prosperity; • Delivering value for money. DFID Read More
ECAs are part-government or private institutions which provide financial assistance to importing or exporting companies in order to promote trade and export activities. Financial assistance can take multiple forms – insurance, loans or guarantees. Credit can be short term (up to 2 years), medium term (2 – 5 years) or long term (5 – 10 years). ECAs underwrite commercial risk up to around 85%, and political risk 90% toRead More
Tanzania is a net importer of petroleum products. Petroleum products supply in Tanzania has been conducted through a Bulk Procurement System (BPS) since 2011. Under the BPS, purchases of petroleum products are made from a pool of imports obtained from suppliers selected through a competitive bidding process. The BPS covers the following grades of petroleum products: Automotive Gas Oil (AGO), Unleaded Motor Spirit PreRead More