GFM Network News


Aliko Dangote, president and chief executive officer of Dangote Group and co-chair of the World Economic Forum (WEF) Annual Meeting 2014, speaks during a session at the WEF in Davos January.

Africa’s richest man targets Nigeria’s rice deficit

Aliko Dangote plans to produce a million tonnes of rice in four years

Nigeria enjoys a perfect rice-growing climate over a vast area yet it is the world’s second-biggest importer of the staple, often from countries in its warm, wet tropical latitude like top exporter Thailand. It’s one of those baffling Nigerian paradoxes, like the fact that it is Africa’s top oil producer yet suffers frequent fuel shortages;

IBM chairwoman and CEO Virginia “Ginni” Rometty speaks at an IBM Watson conference in Manhattan on Jan. 9.

IBM rolls out ‘Watson’ in Africa

IBM began rolling out its Watson supercomputer system across Africa on Feb. 5, saying it would help make agriculture smarter and address continental development obstacles as diverse as medical diagnoses, economic data collection and e-commerce research. The world’s biggest technology service provider said “Project Lucy” would take 10 years and cost $100 million. The undertaking


World Bank Urges Transparency In Foreign Farmland Deals – for Sep. 16, 2010

The World Bank is urging greater transparency in land investment transactions to protect local land owners as the volume of foreign farmland investment in poor countries swells. Foreigners investing in agricultural land in developing countries should be open in their transactions and recognize the rights of existing owners to avoid weak governance, the World Bank