20.06.2016 - AfDB to invest $24b in agriculture
African Development Bank(AfDB) President, DrAkinwumiAdesina said the bank plans to invest about $24 billion (or $2.4 billion yearly) over the next 10 years to help drive the agricultural transformation inAfrica. This is, he said, represents a 400 per cent increase in financing to the agricultural sector by the bank. He spoke at the Seventh African Agricultural Science Week and FARA General Assembly, in Kigali, Rwanda. He lamented that Africa spends $35 billion on importing food. This, according to him, is projected to grow to $110 billion by 2025...............................................Full Article: Source
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