African Business News

Govt to invest K3bn in dairy equipment

GOVERNMENT will next year invest more than K3 billion in buying  dairy equipment for small scale dairy farmers across the country.

Ministry of Agriculture and Livestock director in charge of livestock Benson Mwenya said the money would come from the 2013 Budget.

He said the move was aimed at growing the sector to increase its contribution to the national economy.

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Africa’s largest solar power plant to be built in Ghana

155MW plant being developed by a British company is expected to create hundreds of jobs, increase electricity capacity and cut emissions

The largest solar power plant in Africa will be built in Ghana, the British company behind the plan said on Tuesday.

Source of much of the world’s cocoa and an increasingly significant oil producer, Ghana’s new drive to exploit the sun’s energy is predicted to create hundreds of jobs and increase the country’s electricity capacity by 6%, as well as cutting emissions.

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Gambia: U.S. $20.28 Million Grant to Boost Agriculture

The International Fund for Agricultural Development (IFAD) will provide a US$20.28 million grant to The Gambia to help improve livelihoods of smallholder farmers, with a particular attention to rural women and youths in the country.

The financing agreement for the National Agriculture Land and Water Management Development Project was signed today by Abdou Kolley, minister for Finance and Economic Affairs, and Kanayo F. Nwanze, president of IFAD.

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Ghana’s Economy Remains Strong – BoG

Ghana’s economy has remained generally strong despite a weak global economy, according to the Central Bank’s survey.

Challenges emanating from both domestic conditions regarding the shortfall in energy supply and slowdown in the production of major exports (cocoa and gold) have moderated the pace of economy activity somewhat.

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