World Bank doubles agribusiness funding to $9bn
The World Bank Group has announced an increase in its financial commitment to agribusiness, pledging to double its funding to $9bn annually by 2030.
According to the Bretton Woods institution in a statement on Wednesday, the initiative aims to create a comprehensive ecosystem for the agribusiness sector, addressing critical challenges and opportunities in the industry.
This significant funding increase comes in response to transformative trends reshaping agribusiness, including climate change, advancements in financial technology, and the need for digital solutions.
“We stand at a crossroads, and the path we choose today will determine the future,” said World Bank Group President Ajay Banga. “The World Bank’s ecosystem approach moves us beyond fragmented efforts to a constellation of solutions that includes everything from warehousing to logistics to production, but with smallholder farmers and producer organisations at the centre.”
Dangote refinery begins direct petrol sale to marketers
The Dangote Petroleum Refinery has started supplying Premium Motor Spirit, popularly called petrol, to some oil marketers directly without recourse to the Nigerian National Petroleum Company Limited.
It was gathered that while more oil marketers were intensifying efforts to buy the product directly from the plant, others were importing the commodity, as hundreds of millions of litres of imported PMS should hit Nigeria’s shores in two weeks’ time.
North Korean balloon dumps rubbish on South Korea’s presidential compound
Rubbish carried by a North Korean balloon has landed on South Korea’s presidential compound, authorities have said, in the second such incident in recent months.
South Korea’s presidential security service said in a statement on Thursday that a balloon sent from across the inter-Korean border dumped rubbish onto the compound in Seoul’s Yongsan district, but no dangerous items or materials were discovered.
South Korea’s Dong-A Ilbo and Chosun Ilbo newspapers reported that the balloon contained propaganda leaflets ridiculing President Yoon Suk Yeol and his wife.
Egypt’s United Bank to list on Cairo stock exchange today
Kenya fulfilled all targets in IMF review, central bank governor says
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