African Development Bank pumps $24bn into agriculture
The funds and plan were released by the bank's president, Dr Akinwumi Adesina during an address at one of the IMF and World Bank Spring Meetings in Washington, DC, last week.
"Africa's annual food import bill of $35 billion, estimated to rise to $110 billion by 2025, weakens African economies, decimates its agriculture and exports jobs from the continent," said Dr Adesina.
"To rapidly support Africa to diversify its economies, and revive its rural areas, we have prioritised agriculture and are taking action. The Bank has committed $24 billion towards agriculture in the next 10 years with a sharp focus on food self-sufficiency and agricultural industrialisation."
source: chronicle.co.zw
