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    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    SADC, WFP commit to strengthening early warning systems to improve food and nutrition security and end hunger

    ACCELERATION OF THE AFRICAN CONTINENTAL FREE TRADE AREA IMPLEMENTATION: Mozambique, SA sign collaborative agreement

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

  • Africa
    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    Diversified urban agriculture can help cities address the twin challenges of food security and climate change-Researcher

    Diversified urban agriculture can help cities address the twin challenges of food security and climate change-Researcher

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

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    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

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    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

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    World Bank, UN launch programme to help Mozambique improve forestry management

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    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

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    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

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    Macfrut 2023,Turkey to participate in International Blueberry Days

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    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

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    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

  • Markets
    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

  • Equipment
    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

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  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    SADC, WFP commit to strengthening early warning systems to improve food and nutrition security and end hunger

    ACCELERATION OF THE AFRICAN CONTINENTAL FREE TRADE AREA IMPLEMENTATION: Mozambique, SA sign collaborative agreement

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

  • Africa
    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    Diversified urban agriculture can help cities address the twin challenges of food security and climate change-Researcher

    Diversified urban agriculture can help cities address the twin challenges of food security and climate change-Researcher

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

  • Company
    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    World Bank, UN launch programme to help Mozambique improve forestry management

    World Bank, UN launch programme to help Mozambique improve forestry management

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Sporadic rains worry Zambezi farmers

    UN announces US$1.2mln animal health programme for Mozambique

  • International
    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

    First Special Agriculture Industrial Zone launched in Mozambique

    EIMA 2022: Unlocking the growth potential of Africa’s Agribusiness

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    Italian industry Growing Turnover despite the Economic Situation

    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

  • Markets
    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

  • Equipment
    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

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Lusophone countries benefit from Africa Investment Forum

Ian by Ian
November 3, 2022
in Business, Editor picks, Equipment, International, News
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The Lusophone Compact is one of many successes that have emerged from the innovative Africa Investment Forum. The compact is a financing platform that provides risk mitigation, financing products and technical assistance to accelerate the development of the private sector in Africa’s Portuguese-speaking countries.

The African Development Bank, the government of Portugal and six Portuguese-speaking African countries—Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique and São Tomé and Principe—signed a memorandum of understanding during the inaugural Africa Investment Forum Market Days event in November 2018.

The African Development Bank president, Dr Akinwumi A. Adesina, says the partnership was “designed with one simple, overarching goal: more private sector and public-private partnership investments in Africa’s Portuguese-speaking countries.”

The compact was conceived in 2017 during a visit by Adesina to Lisbon, where he urged Portugal’s participation in driving private sector development in Africa’s Portuguese-speaking countries.

Since its establishment, the compact’s partners have worked to address differences in size and structure of member economies. Angola, for instance, is Africa’s tenth-largest economy. Sao Tome and Principe is the continent’s smallest, but it is one with a traditionally heavy reliance on agriculture.

The Africa Investment Forum continues to be a conduit for investment into these economies. The Africa Investment Forum Market Days 2019 event featured six projects with a value of over $700 million, which were eligible for Lusophone Compact financing.

One project at that event—though ineligible for compact financing, was the African Development Bank-led structuring of the largest ever single foreign direct investment in Africa. This was the Mozambique Liquified Natural Gas (LNG) Area 1 Project, valued at over $24 billion.  The African Development Bank contributed $400 million to the project.

Two years ago, the Mozambique LNG Area 1 Project and the African Development Bank jointly received Project Finance Magazine’s Multilateral Deal of the Year 2020 Award.

Since its establishment, the compact has continued to grow in scope.  In September 2022, during a business and investment forum organized as part of the 5th Luso-Mozambican Summit in Maputo, the African Development Bank and the Portuguese government signed a guarantee agreement for €400 million. Under the agreement, Portugal is providing guarantees of up to €400 million exclusively to African Development Bank-financed projects approved under the arrangement.

As African countries currently face challenging conditions linked to the Covid-19 pandemic, Russia’s war in Ukraine and climate change, the Africa Investment Forum is prioritizing the areas of transport, health, energy, infrastructure, and food security. These are the areas the forum finds necessary to dwell on to drive recovery.

This year’s Market Days event will also promote opportunities in industries where Africa has a comparative advantage, notably music, film and textiles. In addition, it will promote transactions that offer considerable benefit to women.

The investment transactions will be sourced from the investment pipelines of the eight founding partners of the platform. These partners are the African Development Bank, Africa 50; the Africa Finance Corporation; the African Export-Import Bank; the Development Bank of Southern Africa; the Trade and Development Bank; the European Investment Bank; and the Islamic Development Bank.

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