Meda to create 8,000 jobs, boost agri-food value chains

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The Mennonite Economic Development Associates (Meda) plans to generate 8,000 jobs while enhancing agri-food value chains in Nigeria.

In a recent announcement, Meda has outlined its initiative to create 8,000 jobs and strengthen the agri-food sector's value chains. This effort aims to support economic growth through agricultural development. The project focuses on boosting productivity and employment opportunities within Nigeria's farming communities. Details on the implementation timeline and specific regions remain forthcoming, but the commitment underscores Meda's role in sustainable development.

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Ethiopian PM Abiy Ahmed cuts ribbon at Arjo castor seed factory inauguration, with factory, workers, and flags.
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Ethiopia inaugurates Arjo castor seed processing factory

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Prime Minister Dr. Abiy Ahmed inaugurated the Arjo Didesa castor seed processing factory, stating that Midroc Investment Group's project enables significant local substitution of revenue-generating products. The factory has a production capacity of 200 tons per hour and substitutes up to 2.3 million tons of imports. It supports industrial development in cement, paper, and construction sectors using local resources.

MSMEDA directs EGP 18.7bn to 934,000 women-led projects over 11 years

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), stated the agency directed 45% of its total financing, amounting to EGP 18.7bn, to projects owned or managed by women from July 2014 to December 2025. This supported around 934,000 projects across agricultural, industrial, productive, service, and commercial sectors, creating about 1.3 million job opportunities.

Agriculture sector emerges in Ethiopia's job-focused economy drive, minister says

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Ethiopia's Agriculture Minister Adisu Arega stated that the agricultural sector is playing a key role in efforts to build a job-creating non-subsistence economy. He visited wheat production sites in Oromia region's East Shewa zone, Adaa woreda. The agricultural transformation is registering encouraging results.

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Firm unveils corporate farm initiative to boost agricultural investment

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Ethiopia creates many jobs to bolster green economy

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Egypt unveils integrated plan to boost pharmaceutical and garments exports

40 companies seek MSMEDA classification certificate for state incentives

Bassel Rahmy, chief executive of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that 40 companies have applied for the agency's classification certificate for innovative startups, enabling access to a wide range of government services, incentives, and supportive legislation. Rahmy stated that this move reflects growing interest among entrepreneurs in formalizing their status to benefit from state-backed facilitation measures for micro, small, and medium enterprises (MSMEs).

Egypt launches EGP 25bn electricity project for West Minya Plain

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The Egyptian Countryside Development Company has launched a major project to build extra-high-voltage power stations and feeder lines in the West Minya Plain, supporting the national 1.5 Million Feddan Project. The initiative targets electricity supply to one million feddans at a total cost of EGP 25 billion, aiming to enhance agricultural development and food security.

Egypt's planning minister discusses expanded food security cooperation with IFAD

Egypt's Minister of Planning and Economic Development, Ahmed Rostom, met with Naoufel Telahigue, Regional Director of the Near East, North Africa, Europe and Central Asia Division at the International Fund for Agricultural Development (IFAD), to explore ways to broaden cooperation in food security projects and strengthen support for smallholder farmers. The meeting is part of the ministry's efforts to advance economic empowerment and create sustainable employment opportunities through agricultural entrepreneurship. Rostom expressed Egypt's appreciation for its longstanding partnership with IFAD and reaffirmed the government's commitment to deepening cooperation.

Egypt’s food industry exports surge 11% to exceed $5.8bn this year

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Egypt’s food industry exports reached more than $5.8bn during the first ten months of 2024, marking an 11% increase compared to the same period last year, Deputy Prime Minister for Industrial Development Kamel al-Wazir said on Thursday.

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Federal government backs 12,000 youth entrepreneurs

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Central Ethiopia region surpasses 15 million quintals in crop output

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Nigeria explores next one hundred trillion dollars industry value chains

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Dubai's Maser Group plans Ksh206 billion investment in Kenya

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Kaduna unveils operation Tsafta to boost sanitation, job opportunities

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IITA and Mastercard Foundation create over 90,000 jobs for youths and women

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Insecurity and food imports threaten World Bank's $500m agriculture intervention in northwest

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Mag group seeks to expand Egypt's economic footprint in Africa

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Msmeda coordinates national efforts to support innovators and start-ups

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MSMEDA signs EGP 300m financing agreement with Reefy

 

 

 

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