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March 2020

African Business

February 26th 2020

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Tags March 2020

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Economy
Africa loses more than $84bn in illicit financial flows annually
UNECA estimates that more than $84bn is lost in illicit financial flows from Africa each year. “This is more than the annual health financing gap, twice the needs of the education finance gap and it is almost equal to the amount Africa receives in remittances each year,” said Hanan Morsy, Depu…
Economy
Kenyan agribusiness fears the worst from locust invasion
Damage from Kenya’s locust plague has so far been limited, but many farmers are worried about its potential effects on the next harvest.
Economy
African ministers must act now on credit ratings
How can African governments ensure they can meet their debts and other payments while raising patient, long-term funding to grow the economy?
By Malado Kaba
Economy
Dangote’s timely fertiliser plant pays off as prices soar
With the fertiliser facility, the Dangote Group has a plan to expand in step with Nigeria's fertiliser needs, estimated by the company to reach 5-7m tonnes/year in due course. But the international situation has also proved advantageous to the timing of the launch.
By Dulue Mbachu

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Economy
Bidra Innovation Ventures launches $50m agritech fund
Backed by both the Mohammed VI Polytechnic University (UM6P) and the OCP Group, the Fund will invest an initial capital of $50 million over the next 5 years to back founders building technologies to sustainably feed a growing population.
Economy
Kigali prepares for the IATF
IATF’s managing director, Ms Kanayo Awani of Afreximbank The Rwandan capital, Kigali, is readying for the second edition of the Intra-Africa Trade Fair, scheduled for the first week of September. There is a palpable air of excitement as the organisers, the Africa Export and Import Bank (Afreximbank)…

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