22 May 2016. Abidjan, Côte d’Ivoire. The Board of Directors of the African Development Bank
Group (AfDB) has approved an agricultural transformation strategy for a competitive and inclusive agribusiness sector that creates wealth, improves lives and secures the environment. The document was widely reviewed by global stakeholders, peer institutions and partners as well as through regional consultations held in Rabat, Kinshasa, Lusaka, Dar es Salaam and Accra.
Focusing on transformation, scaling up agriculture as a business through value addition, led by the private sector and enabled by the public sector, and using innovative financing mechanisms, the strategy aims to end hunger and rural poverty in Africa in the next decade.
It is the second of the Bank’s High 5 priorities – Light up and power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the quality of life for the people of Africa – a blueprint for the implementation of its Ten Year Strategy 2013-2022.
Realizing the objectives of the strategy would involve increased productivity; value addition; investment in infrastructure; creating an enabling agribusiness environment; catalyzing capital flows; ensuring inclusivity, sustainability and effective nutrition; all in a coordinated manner.
23-27 May 2016. Lusaka. 2016 AfDB Annual Meetings to focus on energy and climate change
Source: PAEPARD FEED
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