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AfDB meetings end with call to unlock agri potential of Africa

AfDB meetings end with call to unlock agri potential of Africa

African Development Bank’s (AfDB) annual meetings in Gandhinagar ended on Thursday with a call to unlock the huge agriculture potential for overall development of the continent. Wide ranging deliberations on agriculture, food security, energy and trade and investments as well as deepening relations with India were held during the meetings, organized for the first time in India. The next annual meetings will take place in Busan, a port city in South Korea next year.

“Throughout the event, discussions were focused on ways to make agriculture lucrative, encouraging young people and women for transforming agriculture, promoting private sector investments and also cementing ties with India,” AfDB president Akinwumi Adesina said while addressing the concluding press conference on Thursday.

Adesina, who has been pitching for agriculture to be taken up as business, firmly believed that it would create jobs, reduce food import bills and help Africa emerge as an important player in global economy.

 Attracting private sector investments was also a key subject of the event, which began on May 22. “The future of Africa also depends on what we do with the private sector, which is seen as the growth engine of Africa,” AfDB president added. Apart from de-risking private sector and improve business as well as regulatory environment, AfDB has decided to dramatically increase investments in private sector activities.Read more….

AfDB meetings end with call to unlock agri potential of Africa

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