AfDB Commits to Multi Billion Investment in Agriculture

Starting with a plan to launch $800 million scheme to support the agriculture sector, the African Development Bank (AfDB) has committed to invest $24 billion into agriculture in the next 20 years.

The President, AfDB, Dr. Akinwumi Adesina on Monday at the opening of the African Economic Conference (ACE) organised by the bank in partnership with the United Nations Development Programme (UNDP), in Abuja said the $800 million scheme called the Technology For African Agriculture Transformation (TAAT) was part of efforts designed to encourage technological innovation in the sector.

He said the scheme when implemented would reach 40 million farmers in one year.

http://naija247news.com/2016/12/afdb-plans-24b-investment-in-agriculture-in-20-years/

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