African Business News

IITA research eases fears over yam supplies as Nigeria kicks off export

Research being conducted by the International Institute of Tropical Agriculture (IITA) in seed yam multiplication holds promise and could help Nigeria to quadruple yam production, says Nigeria’s Minister for Agriculture and Rural Development, Chief Audu Ogbe, who ends a two-day visit in Ibadan today.

Addressing reporters after a tour of IITA facilities including cassava fields, the aflasafe (a biocontrol product for controlling aflatoxins) production plant, the seed yam production facility through the aeroponics system, and a soybean inoculum fertilizer facility; Chief Ogbe said the quality of research at IITA was reassuring and could help Nigeria to address food security challenges and rev up exports.

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What does Kenya’s New Railway Mean for OBOR?

China’s increasingly large footprint in Africa has generated both optimism and fear. The debate over whether China will improve African economies through sustainable infrastructure or undercut local markets through export-focused trade has been under increasing scrutiny as China prepares to embark on what many consider the “biggest development push in history.” In 2013, China announced its “One Belt One Road” (OBOR) project. This mega trade network, reminiscent of a 21st century Silk Road, aims to link Europe, Asia, and Africa in a massive government-funded development project.

The way this project is portrayed in the media,

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Nigeria continues to maintain top spot as Africa's largest oil producer

Nigeria has continued to maintain its position as the top producer of oil in Africa according to the Organisation of Petroleum Exporting Countries (OPEC) monthly report for the month of July. Nigeria has reclaimed its top position in June following a six month period trailing Angola due to the activities of Niger Delta militants.

Following meetings between Acting President Yemi Osinbajo and leadership of the Niger Delta region, a ceasefire was agreed and Nigeria returned to uninterrupted oil supply.

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What does Kenya’s New Railway Mean for OBOR? (2)

China’s increasingly large footprint in Africa has generated both optimism and fear. The debate over whether China will improve African economies through sustainable infrastructure or undercut local markets through export-focused trade has been under increasing scrutiny as China prepares to embark on what many consider the “biggest development push in history.” In 2013, China announced its “One Belt One Road” (OBOR) project. This mega trade network, reminiscent of a 21st century Silk Road, aims to link Europe, Asia, and Africa in a massive government-funded development project.

The way this project is portrayed in the media,

Read more...

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