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Showing posts with label projects. Show all posts
Showing posts with label projects. Show all posts

Tuesday, June 27, 2023

Ekiti: Gov, Oyebanji tours agricultural projects - NaijaAgroNet

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The Ekiti State Governor, Mr Biodun Oyebanji has conducted a tour of agricultural projects and facilities in the state capital, Ado-Ekiti, reports NaijaAgroNet.
Ekiti: Gov, Oyebanji tours agricultural projects - NaijaAgroNet
He was accompanied in the tour by senior government officials include the Special Adviser, Industry, Trade and Investments, Mrs Tayo Adeola and Special Adviser, Agriculture and Food Security, Mr Ebenezer Boluwade.

Monday, April 20, 2020

AfDB commits 100% to renewable energy projects for Africa - NaijaAgroNet


The African Development Bank Group has recommitted to supporting renewable energy projects by 100 per cent on the continent, reports NaijaAgroNet.

AfDB in a refutal over alleged plans to provide financial support to the East African Crude Oil Pipeline Project,
declared ‘renewable energy as the future” path for Africa. 

The group through its Acting Director of Communication and External Relations Department, Mrs. Nafissatou Diouf, said the bank is strongly committed to renewable energies, noting that for over a decade, the bank has played a leading role in crafting policies and delivering investments that promote sustainable development practices on the continent, including climate adaptation and resilience.

“The Bank is committed to facilitating the transition to low-carbon and climate-resilient development in African countries across all its operational priority areas,” she told 
NaijaAgroNet in a press statement.

AfDB maintained it did not have any plan to finance the East African Crude Oil Pipeline Project, declaring that the group is for “100% renewable projects and sustainable, low-emission agriculture and infrastructure.”

The Bank, she equally said, has prioritized investment in renewables and has not invested in any coal project in the past decade as it sees renewable energy as the future.

“Since the launch of the Bank’s Strategy for the New Deal on Energy in 2016, up to 2019 renewable energy projects constitute about 85% percent on average of the Bank’s power generation investments,” she said,

Maintaining that the Bank is working closely with African countries to realize their renewable energy potential and has developed dedicated programmes and instruments to achieve this goal.


Isaac Oyimah/Editor

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Thursday, November 23, 2017

Two off grid projects to electrify rural communities in Nigeria

Nigerian rural communities are to benefit from two off grid projects, consisting of a partnership between Pan Africa Solar and BBOXX (PAS BBOXX), thus adding to the growing momentum of the off grid sector across Africa, reports NaijaAgroNet.

The first project, NaijaAgroNet reports, is headed up by Pan Africa Solar, is an 80MW utility scale Photovoltaic Power Plant located in Katsina State, near the town of Kankia. The project focuses on a stable state in the north of the country, where – due to lack of available hydro resources and gas supply – renewables are the only long term sustainable option. The project will integrate panels mounted on tilting structures that track the path of the sun throughout the day, constructed on 210 hectares of land.

BBOXX is collaborating with Pan Africa Solar on a second project supplying the distributed energy service that is operating in Kano State, Northern Nigeria, with hopes to expand across the country.

BBOXX’s VP of Business Development, Anshul Patel shared his comments on the partnership and its plans:

“Pan Africa Solar is a dedicated team with a core understanding of the Nigerian market; a very exciting BBOXX partner in a much underserved market. Nigeria has 60 million people who lack access to electricity. To date, 2000 people have been impacted by our work in Kano, and the business is currently in the process of scaling its operations. The partnership between BBOXX and PAS is instrumental in leveraging expertise in the off-grid business combined with local market knowledge to successfully scale operations with a goal of electrifying 1 million people by 2020.”

EnergyNet launched the Off the Grid Club initiative in 2016 to provide a networking platform for off grid technology providers, financiers and regional leaders working in Africa’s off grid industry. The membership programme collaborates with partners such as the Shell Foundation, ElectriFi, Akon Lighting Africa and Solektra in developing and financing off grid projects to electrify rural communities in Africa.


Isaac Oyimah/GEE

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Friday, November 17, 2017

Germany backs renewable energy projects in Africa with RLSF

The German Development Bank also known as Kfw and the African Trade Insurance Agency (ATI) have on the side lines of the annual Africa Investment Exchange: Power and Renewables Meeting, unveiled a new instrument to support renewable energy projects in sub-Saharan Africa that targets small- and mid-scale up to 50 Milliwatt (MW) green power renewable energy projects, reports NaijaAgroNet.

The facility, NaijaAgroNet gathered, is designed to provide a viable solution to one of the biggest challenges facing independent power producers (IPPs) operating in Africa, specifically the requirement to provide project lenders with a liquidity guarantee. The German Federal Ministry of Economic Cooperation and Development (BMZ) through KfW will provide funding of up to 32.9 million EUR to the facility, which aims to enable small-and mid-scale renewable energy projects in Africa to reach financial close by addressing liquidity requirements that lenders frequently require in order to fund such projects.

NaijaAgroNet reports that the launch of the new facility is happening at an opportune moment when emerging markets are seeing record investments in the renewable energy sector. The International Energy Agency (IEA) expects sub-Saharan Africa’s renewables capacity to grow by 73 per cent (24.4GW) over the period 2017-22. In addition, small-scale projects are seen as a potential solution to Africa’s energy deficit because they are easier to implement and can target energy requirements at source, but these projects find it difficult to access the type of guarantees needed to reach financial closure. The facility will kick in by providing immediate liquidity to keep the IPP afloat during periods of payment delays that are beyond the grace period provided in the power purchase agreement.

Günther Nooke, Personal Representative of the German Chancellor for Africa, BMZ, said “The Regional Liquidity Support Facility will address a key challenge in renewable energy project finance and de-risk private sector investments. We are pleased to provide the funding to this innovative instrument underlining Germany’s commitment to the objectives of the African Renewable Energy Initiative (AREI).”

The RLSF is designed to help independent power producers (IPPs) developing renewable energy projects in Africa to obtain the liquidity they need in the event that their off-taker (frequently a state owned entity) delays payment. The facility will provide immediate cash collateral supported by guarantees to a commercial bank that will in turn open a standby letter of credit to the benefit of the IPP. The amount provided will enable the IPP to operate and service the debt for up to 6 months. Furthermore, unlike most IPP letters of credit (which tend to be 12 month tenors) the facility is designed to be in place for multiple years.

Dr. Thomas Duve, KfW Director Southern Africa and Regional Funds, noted “We highly appreciate the opportunity to partner with ATI on this innovative instrument. The RLSF is a strongly market-driven concept, emphasizing KfW’s strategy to support and leverage the resources of local partners and the private sector.”

The facility, in combination with ATI’s traditional suite of political and trade credit risk insurance products (in particular ATI’s arbitration award default cover), means that ATI is able to cover the full range of political and financial risks facing investors on such projects.

Speaking at the launch, John Lentaigne, ATI’s Chief Underwriting Officer commented “We are delighted to be working with the German government, represented by KfW, on an initiative that directly targets one of the main bottlenecks preventing green power projects from being financed in Africa.”


Jef Vincent, Senior Advisor to ATI, who has overall responsibility for the initial implementation of the facility, added “Unlike some of the alternative solutions to the liquidity issue, ATI’s guarantee (as provided via the RLSF) will not require a counter-guarantee from the relevant Ministry of Finance, and as such we are confident this will be a very useful tool for those projects that we expect to support.”

Isaac Oyimah with agency report/GEE

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Sunday, January 1, 2017

FAO projects new jobs, food to vulnerable Iraqis

An estimated 200,000 people from Mosul and across Iraq will be able to earn an income for the first time since the Islamic State of the Levant (ISIL) took parts of the area in 2014, thanks to a new FAO project that is restoring irrigation to 250 000 hectares of farmland, reports NaijaAgroNet.

Water will soon be flowing again through the canals that used to feed the once-fertile land some 30 km west of Mosul - Iraq's third largest city. Through the cash-for-work component of the project, FAO supports vulnerable families who need money for daily needs, including food and clothes, heating and transport. Many of them have not had paid employment for at least two years.

Participants are clearing the main canal of the northern Al Jazeera irrigation scheme of dirt, stones and debris, which will allow it to again feed small canals throughout the farming landscape.

FAO has also repaired the pumping station that feeds the canal system from Mosul Dam. And, for the first time, the agency is collaborating with a demining company to clear valuable farmland around the canals of undetonated ordinances, so farmers can plant crops and graze their livestock safely.

The project is already benefiting more than 3 000 people and is essential in getting farming activities in the area back underway.

"Farmers here haven't been able to grow vegetables for two years, since the irrigation canals were destroyed by armed groups who also contaminated the area with explosive devices," said Fadel El-Zubi, FAO Representative in Iraq. "Restoring people's ability to farm and trade in this area is not only important for food security but also for building prosperity and lasting peace in the country," he added.

Farmers in the region used to export vegetables and crops, including wheat and barley, to Syria and other countries, as well as supplying millions of people in Iraq. Now the country relies on fruit and vegetable imports.

"We collect debris in piles, and then merge every four piles into one big one for the excavator to pick up and remove from the canal," said 23-year-old Ahmed Mohammed, a father of three. "My brother has agricultural land and he'll benefit from the project as well. He used to grow wheat and barley in the winter and vegetables at other times. Now he can only grow vegetables when the rain falls."

The Al Jazeera irrigation scheme used to be an essential source of water for agriculture, livestock and domestic use. Some 100 smaller canals in the system were damaged, bridges were also blown up and the damaged pumping station was working under capacity, resulting in extreme water shortages.


As the Government of Iraq retakes control of more areas, a major effort is needed to rehabilitate critical infrastructure so that agricultural production can resume and livelihoods can be restored. FAO is seeking urgent funding of $89 million to strengthen its emergency response, including rehabilitating damaged agricultural infrastructure, supporting farmers to vaccinate and feed their livestock, and expanding cash-for-work and other income-generating activities.

FAO's work, in coordination with the Iraqi government, supports families returning to reclaimed areas, internally displaced families, host communities and refugees from Syria. The current project on the Al Jazeera irrigation scheme is funded through the United Nations Development Programme (UNDP). 

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Pix: Da Silva, Director-General, FAO

Saturday, July 4, 2015

‘Buhari charged to implement youth-led projects’



The founder, YFarm Project, Nkiru Nnaemego, has called on the Buhari-led government to ensure the implementation of youth-led projects, especially for the agriculture sector, NaijaAgroNet reports.

She stated that the government can borrow a leaf from those of YFarm that aim to establish and promote at least 10,000 youth-led farms and agribusinesses across Nigeria and Africa by 2020, NaijaAgroNet learnt.

“Agriculture is not only profitable but a solution to problems of unemployment, insecurity, poverty, corruption, among several others,” she said, challenging youths to embrace agriculture by accessing land, finance, market, mentoring, farm inputs and equipment, to reap lots of benefits in the sector.

The government, Nnaemego said could implement youth-led projects by creating platforms to showcase African and national youth agriculture festivals and marketplace, schools camp on sustainable agriculture, e-platforms, community outreaches on agribusiness and climate smart agriculture as a means to capturing the attention of the youths to get involved in agriculture.

She also said that the benefits of YFarm Project, for instance include a platform for agricultural education, viable careers and businesses, improved livelihoods through jobs creation, entrepreneurial opportunities, among several others, describing mechanization as the solution to attract the attention of the Nigerian youths to agriculture, reports NaijaAgroNet.

She pointed out the need to ensure that the subsidized farm inputs are made available to youths in rural areas to further boost youth curiosity in the sector in order propel more investment in agricultural mechanization.

Cyriacus Nnaji with additional reports by Leadership/GEE

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