SAN FRANCISCO (April 6, 2020) – The Visa Foundation today announced a commitment of two programs totalling $210 million to support small and micro businesses, aligning with the Foundation’s long-term focus on women’s economic advancement and inclusive economic development, and to address an urgent need from local communities following the spread
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Africa’s BMCE bank eyes Dh734m trade finance deals from Dubai office
Dubai – BMCE Bank of Africa is targeting $200 million (Dh734 million) in trade finance and investment transactions through its new Dubai office in the first year of operations and aims to double each year over the next three years, said a senior official. “We are focusing on trade finance
Egypt may change wheat buying terms ahead of anticipated purchase
DUBAI/CAIRO, April 5 (Reuters) – Egypt, the world’s largest wheat importer, is considering changes to the way it buys the grain ahead of an anticipated purchase to boost strategic reserves, aiming to reduce trade risks arising from any possible export curbs by suppliers. Egypt’s President Abdel Fattah al-Sisi had encouraged
Opinion: The pandemic is no time for fiscal distancing
Editor’s Note: Akinwumi Adesina is the President of the African Development Bank. He was formerly Nigeria’s Minister of Agriculture and Rural Development and and is the 2017 World Food Prize laureate. The views expressed are solely those of the author. (CNN)These are very difficult days, as the world faces one of its worst
A variety of policies to support micro and small businesses hit by COVID-19
Small businesses around the world are facing challenging economic conditions under the COVID-19 pandemic. The shutdown of large parts of the world economy has caused a simultaneous and massive shock to supply (for example, availability of workers or of inputs) and to demand (consumption and investment). Specifically, micro, small and
Farmers bank on mechanisation to boost production
Despite the coronavirus pandemic having stopped people’s businesses, farmers are working hard to make sure there is enough produce at the end of the season. With above 80 per cent of farmers having already finished planting, mainly beans and soybeans, there are farmers who have delayed for the season 2020B,
Coronavirus pandemic: Egypt exempts three legume crops from exports ban
EGYPT – Egypt has exempted green beans, peas and peanuts from the decree banning legumes exports for three months to fulfil local demand in light of the coronavirus pandemic. Minister of Industry and Trade, Nevine Gamea stated that there is currently increasing demand of food, medical equipment and products and that
