- Tanzania Gives Go-Ahead to Massive Sh80.85 Billion Mbamba Bay Port Construction Project
- KeNHA Unveils Strategic Sh394 Billion Plan to Construct Major Highways in Kenya
- Ruto’s Multi-Million Plan to Host the 2027 Africa Cup of Nations (AFCON) Tournament in Kenya
- Tanzania's Modern Industrial Park Project on Course with 3.5 Trillion Investment
- African Development Bank Greenlights $696.41 Million for Phase 2 of Tanzania-Burundi-DRC SGR
- Biggest construction trade exhibition announced in Nairobi at KICC
- President Ruto's Vision of Affordable Housing Projects Taking Shape in Kenya
- Ethiopia Receives $720 Million in Funding for Road Construction Project
- $3.24 Billion to be Invested in Tanzania SGR Construction by Spain
- Ksh700 Billion to be Invested to Complete Pending Kenyan Road Projects
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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Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
12 - 14, Sep 2024 - 08th LightExpo Tanzania 2024
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
12 - 14, Sep 2024 - 08th Minexpo Tanzania 2024
Diamond Jubilee Expo Center, Dar-es-Salaam, Tanzania
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