Dakar | Reuters — Development partners have committed US$30 billion to boost food production in Africa over the next five years, the president of the African Development Bank said on Friday at the close of a summit on food security on the continent. The continent is facing its worst food crisis ever, with more than […] Read more
Tag Archives infrastructure
Development partners commit US$30 billion to food production in Africa
Continent facing record-level hunger
Spy agency sees ransomware attacks soaring
Aggressive hacking expected to increase
Ottawa | Reuters — Global ransomware attacks increased by 151 per cent in the first half of 2021 compared with 2020 and hackers are set to become increasingly aggressive, Canada’s signals intelligence agency said on Monday. The Communications Security Establishment (CSE), citing attacks on North American health facilities and a U.S. pipeline, said the scale […] Read more
Canada’s CPPIB to buy major U.S. port terminal operator
Canada Pension Plan's play furthers its infrastructure push
Reuters — Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the U.S., from investment firm Oaktree Capital Management. While no valuation was given in the announcement, the deal values Ports America at over US$4 billion, according to two sources […] Read more
Federal fund, Alberta government back irrigation upgrades
Infrastructure Bank lends cash for system improvements
Eight irrigation districts in Alberta are set to tap into the Canada Infrastructure Bank’s new $1.5 billion pool of funding earmarked for irrigation, to receive loans worth about $407.5 million. The Alberta and federal governments on Friday announced a total investment of $815 million — including repayable CIB funds, provincial support and irrigation district contributions […] Read more
Federal irrigation pledge seen flowing mainly to Prairies
Infrastructure plan also includes promised broadband support
Prairie provinces will receive the bulk of Ottawa’s $1.5 billion commitment to support irrigation projects, according to federal Agriculture Minister Marie-Claude Bibeau. Prime Minister Justin Trudeau on Thursday launched a three-year, $10 billion infrastructure plan aimed at five different sectors, including agriculture. The $1.5 billion is expected to result in 700,000 acres of irrigated land. […] Read more
Feds pondering more self-reliance in Canada’s food
'Even if we are already in a good position, we can always do better,' Bibeau says
Agriculture Minister Marie-Claude Bibeau is looking for ways to make Canada’s food supply more autonomous. In an interview Thursday, Bibeau pointed to her minority Liberal government’s pledge in the throne speech to further support the food value chain. That could mean a review of food infrastructure across the country, according to Bibeau. Specifics aren’t yet […] Read more
Wheat in Whitehorse: How climate change helps feed Canada’s remote regions
Newfoundland and Labrador also pushing to expand arable land base
Winnipeg/Ottawa | Reuters — After failing to grow wheat in the Yukon territory 15 years ago, farmer Steve Mackenzie-Grieve gave it another shot in 2017. Thanks to longer summers, he has reaped three straight harvests. This spring he plans to sow canola on his family’s 450-acre farm near Whitehorse, a city not much further from […] Read more
NYC equity firm to buy Xplornet
New investment expected to speed up rural broadband rollouts
A Manhattan private equity firm deep in “middle-market infrastructure” has committed to buy, and help improve service from, Canada’s single biggest rural broadband provider. New Brunswick-based, privately held Xplornet Communications announced Thursday it has signed a deal to sell majority control itself to Stonepeak Infrastructure Partners. The two companies’ announcement didn’t put a dollar figure […] Read more
Road and rail investments considered in Brazil
Five exporters are considering a joint venture to tackle logjams that slow export deliveries
Sao Paulo | Reuters – The world’s big four agriculture traders and Brazilian rival Amaggi could make a joint bid to operate a road connecting Brazil’s grain belt to northern ports, while also considering an investment in a parallel railway, said the firm that conducted a study on the potential venture. Archer Daniels Midland Co. […] Read more
U.S. farmers face devastation following Midwest floods
Winslow, Neb./Chicago | Reuters — Midwestern farmers have been gambling they could ride out the U.S.-China trade war by storing their corn and soybeans anywhere they could — in bins, plastic tubes, in barns or even outside. Now, the unthinkable has happened. Record floods have devastated a wide swath of the Farm Belt across Iowa, […] Read more
Cyber-Savvy Farmer
