Breaking News

African Development Bank

No Preview
EconomyInternationalNews (Business)

African Cocoa Growers Take Hard Line on Prices – Better Ones Or Else!

Sentinel News ServiceJune 18, 2019

Strike! That’s the sound of the world’s top two producers of cocoa who say they are suspending their sales for better prices. The governments of Ivory Coast and Ghana are trying this time-honored strategy to address the imbalance between farmers’ income and money made by foreign commodity markets who scoop up most of the profit. If the strategy sounds familiar, it’s the same one described in the Greek play Lysistrata where the women withheld affection from their husbands in order to secure peace and end the Peloponnesian War. Currently, the majority of money does not reach the farmers who live

South Africa Denied Emergency Loan to Zimbabwe at Height Of Crisis
InternationalNews

South Africa Denied Emergency Loan to Zimbabwe at Height Of Crisis

Global Information NetworkFebruary 1, 2019

South Africa said it declined the request for $1.2 billion because the country is also in a difficult financial position. “South Africa doesn’t have that kind of money,” said Jabulani Sikhakhane, spokesman for the finance ministry. He also raised concerns of Zimbabwe defaulting on the loan.

African Critics See Dark Side to China’s ‘Charitable’ Loans
InternationalNews

African Critics See Dark Side to China’s ‘Charitable’ Loans

Global Information NetworkSeptember 14, 2018

At the confab, with representatives from 53 of 54 African countries, sky-high numbers were bandied about. Chinese President Xi Jinping announced $60 billion in funds for eight initiatives over the next three years, in areas ranging from industrial promotion, infrastructure construction and scholarships for young Africans.

World Food Prize goes to African Development Bank president
InternationalNationalNews

World Food Prize goes to African Development Bank president

DAVID PITT Associated PressJune 29, 2017

Adesina said it’s vitally important to show young people in rural regions of Africa that farming can be profitable and can improve their lives as a way to stem terrorist recruitment efforts. He said high unemployment among young people, high or extreme poverty, and climate and environmental degradation all contribute to conditions in which terrorists thrive. He said these factors make up “the disaster triangle.”