Business
AfDB in ambitious plan to boost farming in Africa
Planting time in Kenya’s Rift Valley province: The AfDB project hopes to enhance the continent’s food security and reduce poverty levels. Photo/FILE
Posted Monday, March 8 2010 at 00:00
“These efforts will indirectly lead to more food production, better food security and overall poverty reduction,” Dr Kaberuka said.
AfDB research shows that financing requirements for agriculture in Africa are at about $8.1 billion annually.
Between 2010 and 2014, the bank’s projects amount to $5.33 billion.
After 2014, the results of the strategy are expected to be measured using core sector indicators from the African Development Fund-11 results measurement framework.
“Adequate and well-functioning infrastructure will underpin agricultural development.
“Reduced input costs and increased productivity will also increase returns on existing investments while reducing the cost of future investment in, for example, small-scale irrigation,” Dr Kaberuka said.
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