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Africa to Attract U.S.$880 Billion Investment in Agric By 2030
The African Development Bank (AfDB) has said that Africa has potential to attract 880 billion dollars (about N141.7 trillion) investment in agriculture by 2030. This is contained in a report jointly produced by the Agriculture and Agro-industry and Development Research Departments of the bank.
The report said that investment opportunities in agriculture abound in Africa, adding that the continent accounted for about 60 percent of the uncultivated arable land in the world.
According to the report, it is estimated that Africa has the potential to increase the value of its annual agricultural output from 280 billion dollars in 2010 to about 500 billion dollars by 2020 and to 880 billion dollars by 2030.
"Africa's projected output is expected to impact significantly on its demand for upstream products such as fertiliser, seeds, pesticides and machinery. "It is also expected to result in the growth of downstream activities such as bio-fuel production, grain refining and food processing."
Source : allafrica.com
Posted on : 30 Nov,-0001
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Exhibitions In Africa
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18 - 20, Oct 2022 - Afriwood Ethiopia 2022
Millennium Hall, Addis Ababa, Ethiopia
18 - 20, Oct 2022 - LightExpo Ethiopia 2022
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18 - 20, Oct 2022 - 24th Buildexpo Tanzania 2023
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23 - 25, Feb 2023 - 07th Afriwood Tanzania 2023
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
23 - 25, Feb 2023 - 07th LightExpo Tanzania 2023
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
23 - 25, Feb 2023 - 07th Minexpo Tanzania 2023
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
23 - 25, Feb 2023 - Buildexpo Rwanda 2023
Kigali Convention Centre, Rwanda
27 - 29, April 2023 - LightExpo Rwanda 2023
Kigali Convention Centre, Rwanda
27 - 29, April 2023 - Afriwood Rwanda 2023
Kigali Convention Centre, Rwanda
27 - 29, April 2023