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FAO reiterates support to Nigerian government’s efforts to tackle food insecurity

The Food and Agriculture Organisation (FAO) has reiterated its commitment to support the Federal Government‘s efforts to ensure food sufficiency. FAO Country Representative, Fred Kafeero, said this at the 44th meeting of the National Council on Agriculture and Rural Development (NCARD) in Abuja on Thursday. He said that the theme of the meeting, which is “Nigeria’s Agriculture and Food Security in the face of COVID-19, Floods and Insecurity, ” was timely. Kafeero, however, said that the theme was a call for action to cushion the knock-on effects of these shocks and threats on the livelihoods of a large section of the population, especially vulnerable groups. He urged the government to provide enabling environment for private participation, creating synergy, engaging other sectors, interven...

AfDB approves $1.3 million grant for female financial inclusion research in Africa

The African Development Bank (AfDB) has approved two grants worth $1.3 million for research aimed at increasing women’s access to a range of digital financial services on the continent. In a statement on Monday, AfDB said the grants will be disbursed by Africa digital financial inclusion facility (ADFI), a blended finance vehicle supported by the bank. The grants will be disbursed to two fintech firms, Pula Advisors Kenya and M-KOPA Kenya. AfDB said Pula Advisors will use the $1 million for research of social and economic factors that impact women farmers’ access to microinsurance in Kenya, Nigeria and Zambia while M-KOPA will use the $300,000 funding for research involving 500 women and men in Kenya’s Kisumu, Eldoret and Machakos counties. It said findings from the research will inform th...

AfDB approves $1.3 million grants for women’s access to digital finance

The African Development Bank (AfDB) has approved two grants of $1.3 million for research aimed to increase African women’s access to a range of digital financial services, including loans and micro-insurance. According to a statement from the AfDB on Monday, the grants for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility (ADFI). ADFI is a pan-African initiative designed to accelerate digital financial inclusion throughout Africa. It is a blended finance facility of AfDB with two financial technology firms; Pula Advisors Kenya Ltd. and M-KOPA Kenya Ltd. Pula Advisors will use the $1 million for research of social, cultural and economic factors that impact women farmers’ access to micro-insurance in Kenya, Nigeria and Zambia. Mor...