"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..."

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

One Coin to Rule Them All...

Rewind. Fast forward. African farmers are looking everywhere to navigate climate change

FARAI MUTSAKA
April 28, 2024

HARARE, Zimbabwe (AP) -- From ancient fertilizer methods in Zimbabwe to new greenhouse technology in Somalia, farmers across the heavily agriculture-reliant African continent are looking to the past and future to respond to climate change.

Africa, with the world's youngest population, faces the worst effects of a warming planet while contributing the least to the problem. Farmers are scrambling to make sure the booming population is fed.

With over 60% of the world's uncultivated land, Africa should be able to feed itself, some experts say. And yet three in four people across the continent cannot afford a healthy diet, according to a report last year by the African Union and United Nations agencies. Reasons include conflict and lack of investment.

In Zimbabwe, where the El Nino phenomenon has worsened a drought, small-scale farmer James Tshuma has lost hope of harvesting anything from his fields. It's a familiar story in much of the country, where the government has declared a $2 billion state of emergency and millions of people face hunger.

But a patch of green vegetables is thriving in a small garden the 65-year-old Tshuma is keeping alive with homemade organic manure and fertilizer. Previously discarded items have again become priceless.

"This is how our fathers and forefathers used to feed the earth and themselves before the introduction of chemicals and inorganic fertilizers," Tshuma said.

He applies livestock droppings, grass, plant residue, remains of small animals, tree leaves and bark, food scraps and other biodegradable items like paper. Even the bones of animals that are dying in increasing numbers due to the drought are burned before being crushed into ash for their calcium.

Climate change is compounding much of sub-Saharan Africa's longstanding problem of poor soil fertility, said Wonder Ngezimana, an associate professor of crop science at Zimbabwe's Marondera University of Agricultural Sciences and Technology.

"The combination is forcing people to re-look at how things were done in the past like nutrient recycling, but also blending these with modern methods," said Ngezimana, whose institution is researching the combination of traditional practices with new technologies.

Apart from being rich in nitrogen, organic fertilizers help increase the soil's carbon and ability to retain moisture, Ngezimana said. "Even if a farmer puts synthetic fertilizer into the soil, they are likely to suffer the consequences of poor moisture as long as there is a drought," he said.

Other moves to traditional practices are under way. Drought-resistant millets, sorghum and legumes, staples until the early 20th century when they were overtaken by exotic white corn, have been taking up more land space in recent years.

Leaves of drought-resistant plants that were once a regular dish before being cast off as weeds are returning to dinner tables. They even appear on elite supermarket shelves and are served at classy restaurants, as are millet and sorghum.

This could create markets for the crops even beyond drought years, Ngezimana said.

A GREENHOUSE REVOLUTION IN SOMALIA

In conflict-prone Somalia in East Africa, greenhouses are changing the way some people live, with shoppers filling up carts with locally produced vegetables and traditionally nomadic pastoralists under pressure to settle down and grow crops.

"They are organic, fresh and healthy," shopper Sucdi Hassan said in the capital, Mogadishu. "Knowing that they come from our local farms makes us feel secure."

Her new shopping experience is a sign of relative calm after three decades of conflict and the climate shocks of drought and flooding.

Urban customers are now assured of year-round supplies, with more than 250 greenhouses dotted across Mogadishu and its outskirts producing fruit and vegetables. It is a huge leap.

"In the past, even basic vegetables like cucumbers and tomatoes were imported, causing logistical problems and added expenses," said Somalia's minister of youth and sports, Mohamed Barre.

The greenhouses also create employment in a country where about 75% of the population is people under 30 years old, many of them jobless.

About 15 kilometers (9 miles) from the capital, Mohamed Mahdi, an agriculture graduate, inspected produce in a greenhouse where he works.

"Given the high unemployment rate, we are grateful for the chance to work in our chosen field of expertise," the 25-year-old said.

Meanwhile, some pastoralist herders are being forced to change their traditional ways after watching livestock die by the thousands.

"Transitioning to greenhouse farming provides pastoralists with a more resilient and sustainable livelihood option," said Mohamed Okash, director of the Institute of Climate and Environment at SIMAD University in Mogadishu.

He called for larger investments in smart farming to combat food insecurity.

A MORE RESILIENT BEAN IN KENYA

In Kenya, a new climate-smart bean variety is bringing hope to farmers in a region that had recorded reduced rainfall in six consecutive rainy seasons.

The variety, called "Nyota" or "star" in Swahili, is the result of a collaboration between scientists from the Kenya Agricultural and Livestock Research Organization, the Alliance of Bioversity International and research organization International Center for Tropical Agriculture.

The new bean variety is tailored for Kenya's diverse climatic conditions. One focus is to make sure drought doesn't kill them off before they have time to flourish.

The bean variety flowers and matures so quickly that it is ready for harvesting by the time rains disappear, said David Karanja, a bean breeder and national coordinator for grains and legumes at KALRO.

Hopes are that these varieties could bolster national bean production. The annual production of 600,000 metric tons falls short of meeting annual demand of 755,000 metric tons, Karanja said.

Farmer Benson Gitonga said his yield and profits are increasing because of the new bean variety. He harvests between nine and 12 bags from an acre of land, up from the previous five to seven bags.

One side benefit of the variety is a breath of fresh air.

"Customers particularly appreciate its qualities, as it boasts low flatulence levels, making it an appealing choice," Gitonga said.

___

Tiro reported from Nairobi, Kenya and Faruk reported from Mogadishu, Somalia.

___

The Associated Press receives financial support for global health and development coverage in Africa from the Bill & Melinda Gates Foundation Trust. The AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

___

AP Africa news: https://apnews.com/hub/africa

Continue Reading...

Popular

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery fell $1.10 to $78.02 per barrel Tuesday. Brent crude for July delivery fell 98 cents to $82.38 per barrel.

Jeff Bezos' and Elon Musk's Feud Just Went Nuclear - Ad

Since Jeff Bezos and Elon Musk first met in 2004 -- they've been involved in a bitter feud... from rockets, to electric vehicles to who's the world richest person...for going on two decades these two have been at each others throats... But what happened on December 31st 2021 just took this rivalry to a new level and humiliated Elon Musk.

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

WASHINGTON (AP) — New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are . They could raise prices on certain specific items, experts say, though a broad inflationary impact is unlikely in the short term.

What's Going On With Palantir Technologies Stock Today?

Last week, Palantir Technologies reported strong Q1 results, beating revenue estimates and delivering six straight quarters of GAAP profitability. It also raised its full-year guidance and aims to be the dominant AI infrastructure in the market.

The A.I. Story Nobody is Telling You (Read ASAP) - Ad

There's been a lot of buzz surrounding A.I. over the past couple of years -- but there's only ONE story you should be worried about. Whether you have $500 or $500,000, this radical new A.I. Innovation will have a direct impact on your wealth.

Elon Musk Gives One-Word Response To Joe Biden's Dig At Donald Trump At White House Correspondents' Dinner

Elon Musk reacted to President Joe Biden's recent comments at the White House correspondents' dinner with a one-word response that sparked some discussion on social media.

Biggest Hedge Fund Manager Has Huge Warning for U.S. Dollar." - Ad

Ray Dalio, the founder of Bridgewater has gone public with a huge waning about the U.S. dollar. He says: "We are printing too much... money as we know it is in jeopardy." Multi-millionaire analyst Porter Stansberry agrees and says a very lucrative new form of money is emerging in America. Should you get it? Stansberry explains full story here...

Target to reduce number of stores carrying Pride-themed merchandise after last year's backlash

NEW YORK (AP) — Target confirmed that it won't be carrying its LGBTQ+ merchandise for Pride month in June in some stores after the discount retailer received backlash last year for its assortment that also cut into sales.

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing

WASHINGTON (AP) — The Biden administration announced on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that's likely to increase friction between the world's two largest economies.

Market Warning: Is BTC is Just the Start? - Ad

Missed out the AI craze, or BTC's 40% jump? 50-year Wall Street veteran Marc Chaikin just detailed another way to play this market rally.

Top 3 Real Estate Stocks That Are Set To Fly

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Curaleaf Reports Q1 2024 Revenue Of $339M, 48% Gross Margin Amid Strategic Global Expansion

Curaleaf Holdings, Inc. (OTC: CURLF), a leading international cannabis company, reported its financial results for the first quarter of 2024.

Could Elon's New Device be Bigger than the iPhone? - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... This mind-blowing new technology could be bigger than the iPhone. And it could make a lot of people wealthy in the coming months and years.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

America's Final Republican President - Ad

Louis Navellier believes Donald J. Trump could go down as America's last Republican president. But NOT for the reasons you may think... If he's right, the soul of this country will change forever...

Federal Judge Indefinitely Postpones Donald Trump's Classified Documents Trial

The trial of ex-President Donald Trump for retaining classified documents has been postponed indefinitely by a federal judge.

Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: 'You Just Need To Figure Out Which Companies Deserve Your Confidence'

Cramer, a prominent figure in the finance world, suggested that investors should not emulate the trading habits of large hedge funds. Instead, he recommended a long-term investment strategy, emphasizing the need to anticipate and endure market declines.

Mystery of the Rich and Connected Revealed - Ad

Former Goldman VP reveals a mysterious "Gold Bank" with huge upside potential... Last time we shared this, some folks could have seen a 995% gain. Don't be surprised if you've never heard of this -- most haven't. But he's sharing all in this new video.

Urgent: Don't Repeat the Mistakes of the Dotcom Crash... - Ad

One of the world's most successful investors just stepped forward to say the same thing is about to happen to AI stocks...Many of today's high-flying AI stocks are going to crash and burn like countless internet stocks did in 2000. (You may own some of these AI stocks right now.)

California is testing new generative AI tools. Here's what to know

SACRAMENTO, Calif. (AP) — Generative artificial intelligence tools will soon be used by California's government.

The Next Nvidia? - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

SAN FRANCISCO (AP) — The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Investors See "All-Hands-On-Deck" Signal for AI - Ad

With an AI gold rush sweeping the globe, the world's richest men are piling in. Tech magnates like Bill Gates, Jeff Bezos, and Mark Zuckerberg have been spending billions to keep up with the AI boom. The tech companies themselves are one a buying spree of young companies with the next generation of AI technology.

Deepfake of principal's voice is the latest case of AI being used for harm

The most recent criminal case involving artificial intelligence , where police say a principal was framed as racist by a fake recording of his voice.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service