The Pan-African Economy in Brief: Thursday, April 29, 2021
From soldier to market gardener, Amadou Koné becomes a pioneer of organic farming in Côte d'Ivoire:
Amadou Koné, a former soldier, turned to agroecology after noticing the harmful effect of pesticides on the environment. In less than 3 years, his farm has employed a lot of people and counts in its clientele some of the most famous people in Côte d'Ivoire.
Daystar gets $20 million from IFC for expansion:
The International Finance Corporation (IFC) plans to provide a $20 million loan to Nigerian off-grid power provider Daybreak Power Solutions, a subsidiary of Daystar Power Group. The funds will be used to implement Phase 1 of a project to expand the company's portfolio. The $20 million consists of a $10 million local currency loan from the IFC. The second part will be a $10 million subordinated loan under the IFC's Renewable Energy for Africa Program.
Towards an agreement between Vaalco Energy and Omni Offshore for further development of Etame oil:
On April 27, U.S. crude producer Vaalco Energy, entered into a non-binding letter of intent with Omni Offshore Terminals for the supply and operation of a floating storage and offloading unit (FSO). This, on the offshore Etame marine field in Gabon. It should be noted that this operation will only be effective after the expiration in September 2022 of the current contract with BW Energy for the operation of its floating production, offloading and storage facility (FPSO).
The population is affected by the strike of the public broadcasting service:
In Namibia, on social networks, complaints are multiplying about the strike of the public broadcasting media. The workers of the public broadcaster are demanding, among other things, an 8% increase in salaries, transport, housing and medical allowances..
Government to deploy $8 billion to fight climate change over 10 years:
To reduce extreme weather events and enable adaptation for its people and economy, Kenya's central government plans to commit $8 billion over the next 10 years. "We are making this commitment because we see and recognize that climate change is real and we need to put our own resources to deal with it," said Chris Kiptoo, principal secretary of Kenya's Ministry of Environment and Forestry.