twitter RSS Feed linkedin acp contact

EIB study confirms boost in agricultural productivity

Real GDP growth in Africa is resilient despite global uncertainty, with small business, manufacturing and agriculture main focus of increased lending, according to the European Investment Bank (EIB)

Africa farmers 9 March 2020The study expected that economic growth in Africa is projected to accelerate moderately in 2020. (Image source: Btwienclicks/Flickr)

The EIB’s Banking in Africa” series: “Financing Transformation amid Uncertainty has noted that the African banks are optimistic about the future development of local markets.

It is the fifth edition of this economic report that analyses recent developments in the African banking sectors. Based on both macroeconomic and survey data, the report addresses structural issues and investment opportunities in Africa and frames policy options for all stakeholders.

“The EIB is committed to investment in Africa in partnership with countries and industry across the continent. The EU Bank has been active in Africa since 1963 and provided a total of US$51.26bn in financing since then,” said Werner Hoyer, president of EIB.

“Our new report aims to share understanding and knowledge of African investment trends, and contribute to debate about best practice in investment and financing. Investments are essential for sustainable growth, prosperity, and social progress in Africa. As the European Union’s bank, we will continue to work together with our partners to support sustainable investments, foster inclusive and resilient growth, and reduce poverty,” Hoyer added.

The report has discussed the financing of Africa’s agricultural value chains and their potential to boost agricultural productivity, thereby supporting sustainable economic development.


LATEST NEWS IN Agriculture

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

Boosting soil nutrient mapping in sub-Saharan Africa

Boosting soil nutrient mapping in sub-Sa…

The Food and Agriculture Organization of the United Nations (FAO) is set to fast track an impact-oriented project in sub-Saharan Africa and Central America for digital soil nutrient mapping, after...

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

World Sustainability Organization chooses Zambia as the first African Sustainability Hub

World Sustainability Organization choose…

The World Sustainability Organization and Foundation (WSO&F) has signed a Memorandum of Understanding (MoU) with the Zambian Government, to make Zambia the African Sustainability Hub 

Rallying call to improve African and global cotton production

Rallying call to improve African and glo…

As the business of cotton production continues to attract global attention, there are concerns about how sustainable the practice of growing, harvesting, and production will be, especially for lower income...

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Prev Next

OTHER RELATED ARTICLES - Agriculture

AUDA-NEPAD and OCP Group to boost Africa’s agriculture

AUDA-NEPAD and OCP Group to boost Africa…

The African Union Commission, together with the African Union’s Development Agency, AUDA-NEPAD, and OCP Group has strengthened their partnership to support the development of the African agricultural sector through the...

Cooperatives crucial for driving innovation in cashew farming communities

Cooperatives crucial for driving innovat…

Mallikarjuna Kumaraswamy, vice-president for Olam’s cashew business, has highlighted that the cooperative model is boosting sustainable cashew supply chains in rural African region

Nigeria approves commercial release of genetically modified cowpea

Nigeria approves commercial release of g…

The Nigerian Biosafety Management Agency (NBMA) has permitted the commercial release of genetically modified cowpea to the farmers

Climate-resilient wild coffee populations discovered in Uganda

Climate-resilient wild coffee population…

A team of Ugandan, Dutch and French scientists has discovered populations of potentially drought-resistant, high-quality wild coffees in Uganda

Oil palm plantation yields profit potential

Oil palm plantation yields profit potent…

  Commitment to seed development and oil palm production in the DRC, based on decades of breeding experience and local skills

South African lettuce nursery benefits from new farming technology

South African lettuce nursery benefits f…

South African lettuce nursery, Jomajoco, has implemented Dutch technology in its farming methods saving 30 per cent of water

Free thinking free market agriculture for Ghana

Free thinking free market agriculture fo…

By Dr Terry Mabbett The recently elected new Government in Ghana is steaming ahead with free thinking and free market policies for agriculture with the ultimate aim of food self sufficiency.

Tanzania and IFAD partner to boost productivity

Tanzania and IFAD partner to boost produ…

The International Fund for Agriculture and the government of Tanzania have signed a US$77.4mn project to help 260,000 rural households that re facing impacts of climate change

UN report pinpoints obstacles and opportunities in African agriculture’s digital revolution

UN report pinpoints obstacles and opport…

A new report co-published by the Food and Agriculture Organisation (FAO) and the International Telecommunication Union (ITU) highlights the benefits from the use of digital technologies in sub-Saharan Africa

FAO launches guide to tackle Fall Armyworm in Africa

FAO launches guide to tackle Fall Armywo…

The UN Food and Agriculture Organization (FAO) launched a comprehensive guide on the integrated pest management of the FAW on maize

FAO: Urgent need to fight Desert Locust upsurge in Horn of Africa

FAO: Urgent need to fight Desert Locust …

As the Desert Locust upsurge in the Horn of Africa threatened to provoke a humanitarian crisis, FAO director-general QU Dongyu appealed for urgent funding to tackle the outbreak and protect...

Seed-X and TomaTech use AI to accelerate hybrid tomatoes breeding

Seed-X and TomaTech use AI to accelerate…

Innovative agtech company Seed-X and tomato seed breeding company TomaTech have announced a new pilot of GeNee Breeder, a seed phenotype analysis system that aims to provide a real-time classification...

Prev Next