Commerce Archives - 1st Afrika

Kenya’s Buy Now Pay Later Market Set for Strong Growth: BNPL Sector to Expand by 13.6%, Reaching $1.18 Billion in 2025 – Investment Opportunities to 2030

Eniola OladeleFebruary 17, 2025

by Eniola OladeleFebruary 17, 2025020

Kenya’s Buy Now, Pay Later (BNPL) market is poised for substantial growth, with projections indicating a robust 13.6% increase in market size, reaching an estimated...

Trump Faces Critical Decision on Future of U.S. Jeans Production in Africa: A Turning Point for Global Trade and Jobs

Eniola OladeleFebruary 13, 2025

by Eniola OladeleFebruary 13, 2025026

As the deadline approaches for President Donald Trump’s decision on the future of U.S. jeans production in Africa, global trade experts, manufacturers, and workers are...

Commerce International News

The End of Cheap Shein and Temu Hauls? How Trump’s Tariffs Could Drive Up Costs for Online Shoppers

Eniola OladeleFebruary 5, 2025

by Eniola OladeleFebruary 5, 2025037

For years, online shoppers have flocked to platforms like Shein and Temu to score affordable fashion, home goods, and electronics, often at a fraction of...

Agriculture BUSINESS

Unlocking South Africa’s Agricultural Potential: Strategies for Capitalizing on China’s Expanding Market

Eniola OladeleJanuary 24, 2025

by Eniola OladeleJanuary 24, 2025046

South Africa’s agricultural sector holds immense promise, and as the global demand for food and natural products continues to grow, the country is well-positioned to...

Africa Agriculture BUSINESS

Zimbabwean Farmers Urged to Tap Into China’s Growing Fruit Import Market

Eniola OladeleDecember 31, 2024

by Eniola OladeleDecember 31, 2024068

Zimbabwe’s agriculture sector is being encouraged to explore new export opportunities, particularly in China’s expanding fruit import market. As China’s demand for fresh produce continues...

Africa Agriculture

Egypt and Jordan’s Agriculture Ministers Conclude Joint Committee Talks with Strategic Agreements

Eniola OladeleDecember 28, 2024

by Eniola OladeleDecember 28, 2024070

Egypt’s Minister of Agriculture and Land Reclamation, El-Sayed El-Quseir, and his Jordanian counterpart, Khaled Hneifat, have presided over the closing session of the Egyptian-Jordanian Joint...

Africa Agriculture ECONOMY

KTDA Announces Record-High Dividends for Tea Farmers

Eniola OladeleDecember 17, 2024

by Eniola OladeleDecember 17, 2024066

The Kenya Tea Development Agency (KTDA) has declared the highest dividends in its history, bringing relief and optimism to tea farmers across the country. This...

Africa Agriculture

Kenyan Farmers to Bear Costs for Cattle Vaccination as Government Estimates KSh 3.95 Billion Requirement

Eniola OladeleDecember 17, 2024

by Eniola OladeleDecember 17, 2024078

The Kenyan government has announced that farmers will need to shoulder the cost of cattle vaccinations, with the total estimated cost reaching KSh 3.95 billion....

Africa Agriculture

Minbos Secures $12M Funding for Cabinda Phosphate Fertilizer Project

Eniola OladeleDecember 6, 2024December 6, 2024

by Eniola OladeleDecember 6, 2024December 6, 2024076

Minbos Resources has finalized a US$12 million funding package to advance its flagship Cabinda Phosphate Fertilizer Project in Angola. The agreement marks a crucial step...

Africa Agriculture

Zimbabwe Farmers Turn to Maggots as a Survival Strategy Amid Drought

Eniola OladeleDecember 2, 2024

by Eniola OladeleDecember 2, 2024066

As drought continues to devastate Zimbabwe’s agricultural sector, farmers are turning to an unexpected solution: maggots. The country’s ongoing food insecurity and lack of water...

Africa Agriculture

Zimbabwe to Compensate White Farmers with R6 Billion in Bonds

Eniola OladeleNovember 25, 2024

by Eniola OladeleNovember 25, 2024076

Zimbabwe has announced plans to compensate white farmers who were forcibly removed from their land during the country’s controversial land reform program in the early...

Africa Agriculture International News

Agricultural Experts Push to Enhance Smallholder Farmers’ Production

Eniola OladeleOctober 28, 2024October 28, 2024

by Eniola OladeleOctober 28, 2024October 28, 20240130

Agricultural experts are increasingly focusing on enhancing the productivity of smallholder farmers, who form the backbone of agricultural production in many developing regions. These farmers,...

AFRIKA HERALD Commerce ECONOMY International News The Afrika Market

Lunching Soon: “PAYDSECURE” Payment

Jide AdesinaOctober 7, 2024October 7, 2024

by Jide AdesinaOctober 7, 2024October 7, 20240221

PayDsecure is an innovative digital payment solution that offers a secure and streamlined way to facilitate online money transfers. It integrates a digital card, wallet...

Africa Commerce TECHNOLOGY

E-Commerce Boom in Africa: Driving Growth and Transforming Retail in 2024

Eniola OladeleSeptember 12, 2024September 15, 2024

by Eniola OladeleSeptember 12, 2024September 15, 20240290

Africa’s e-commerce sector is experiencing a surge in growth, positioning itself as a transformative force in the continent’s retail landscape. Fueled by...

Africa Agriculture

Gates Foundation Awards Sh1 Billion to Boost Tanzania’s Horticulture Sector

Jide AdesinaSeptember 2, 2024

by Jide AdesinaSeptember 2, 20240261

Key Points to Know: This initiative marks the Gates Foundation’s first venture into Tanzania’s horticultural sector, focusing on the Arusha and Kilimanjaro regions. Arusha –...

Africa Commerce

Gold Rush: Ghana Opens New Mines to Increase Production!

Jide AdesinaAugust 30, 2024

by Jide AdesinaAugust 30, 20240237

Ghana is poised to strengthen its status as Africa’s top gold producer with the commissioning of its first large-scale greenfield mine in over a decade....

Africa Commerce

Burkina Faso Makes Bold Move: Acquires Boungou and Wahgnion Gold Mines

Jide AdesinaAugust 27, 2024

by Jide AdesinaAugust 27, 20240223

The recent acquisition of mining assets marks a significant development following a series of agreements between the Minister of Economy and representatives from the involved...

Africa Agriculture

Farm Workers Brave Rain and Wind to Demand Pesticide Ban

Jide AdesinaAugust 27, 2024

by Jide AdesinaAugust 27, 20240231

More than 150 farm workers, predominantly women, along with their supporters, braved severe winds and heavy rain on Tuesday as they marched through Cape Town,...

Africa Commerce ECONOMY

African Farmer Thrives with China’s Juncao Tech Boost

Jide AdesinaAugust 22, 2024

by Jide AdesinaAugust 22, 20240225

After graduating from university in 2017, Nyambo Obed from Rwanda found a new path in agriculture thanks to Chinese farming technology. Initially unemployed, Obed took...

BUSINESS Commerce

81% of Ghana’s Cocoa Crop Hit by Devastating Bean Disease

Jide AdesinaJuly 25, 2024July 25, 2024

by Jide AdesinaJuly 25, 2024July 25, 20240303

In a devastating blow to one of Ghana’s most crucial industries, recent reports reveal that 81% of the country’s cocoa harvest is infested with a...

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