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Day: February 6, 2023

AfDB, Canada launch fund to support Africa’s small and medium-sized agribusiness enterprises

AFRICA-The African Development Bank Group (AfDB) and the Canadian government have announced a special fund to support Africa’s small and medium-sized enterprises (SMEs) in the agriculture sector during the Dakar 2 African Food Summit. According to a statement from AfDB, Canada is contributing CAD 100 million (US$73.5M) to the fund known as “The Agri-food SME Catalytic Financing Mechanism” which will…

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Bahrain opens US$12M grains factory in a step forward to achieving sustainable food security

BAHRAIN – Bahrain, one of the Arab Kingdoms in the Middle East, has taken a major step towards achieving sustainable food security with the inauguration of a US$12 million Bahrain Agricultural Foods Storage and Security (Bafco) factory. Founded in 2015 and located at the Bahrain Business Incubator Centre in Hidd, Bafco specializes in the production and distribution of food grains…

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