Home BUSINESS AFRICAN GREEN REVOLUTION: AfDB Invests $24BN To Accelerate Development

AFRICAN GREEN REVOLUTION: AfDB Invests $24BN To Accelerate Development


African Development Bank (AfDB) is accelerating the development of African Green Revolution through its Feed Africa Strategy with planned investment of 24 billion dollars over the next 10 years.

President, AfDB, Akinwumi Adesina, announced the plan in a statement on Thursday in Abidjan. He explained that the bank was leading a campaign to unlock the continent’s food and agriculture market, projected to reach one trillion dollars by 2030.

Speaking ahead of the 2017 African Green Revolution Forum (AGRF), Adesina said greater attention must be paid to the implementation of concrete plans for achieving green revolution in Africa.

Adesina said the forum, considered to be the most important meeting on African agriculture, would be held under the patronage of Alassane Ouattara, President of Côte d’Ivoire.

The seventh African Green Revolution Forum, is scheduled to take place in Abidjan from September 4th to September 8th with special focus on “Accelerating Africa’s Path to Prosperity: Growing Economies and Jobs through Agriculture”.