Food Security: AfDB To Invest $24 Billion In Agriculture
The African Development Bank, AfDB’s proposed investment in Agriculture sounds a death knell for hunger on the continent.
AfDB would invest $24 billion in agriculture over the next 10 years to help unlock its potential and ensure food security in Africa.
The President of the bank, Akinwumi Adesina, said this on Wednesday while speaking on the sideline of a symposium in America.
Adesina noted that there is need for supportive public policies and significant investments in infrastructure, especially for roads, irrigation, storage, warehousing and agro-processing.
AfDB, he said, would provide support to strengthen African agricultural research and development systems to play significant roles in the transformation processes.
The former Nigerian Agriculture Minister also said the support is to ensure that valuable research no longer gathered dust on the shelves of academia.
The AfDB boss said the bank’s Feed Africa strategy has launched the Transformation of the African Savannah Initiatives (TASI) to help unlock the potential of the Savannahs of Africa.
He said that the initiative would start by bringing approximately two million hectares of Savannah in eight African countries – Ghana, Guinea, Democratic Republic of Congo, Central African Republic, Uganda, Kenya, Zambia and Mozambique.
These countries come under the cultivation of maize, soybean and livestock production in optimum conditions.
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