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Africa Spends $50 Billion Each Year on Food Imports, Group Says
Apr 15, 2011 | Bloomberg | By Moses Mozart Dzawu. Africa
pays $50 billion each year on food imports and will need to invest $39
billion annually for the next 15 years in order to become
self-sufficient, said Akinwumi Adesina, vice president of the Alliance
for a Green Revolution in Africa. The continent faces problems with a
“lack of storage facilities, infrastructure and marketing of
agricultural produce,” he said in Accra, the Ghanaian capital, today. If
Africa doubles its agricultural output by 2015, the continent’s annual
gross domestic product would increase by 5.5 percent, Adesina said.
African governments need to develop strategies to get banks to boost
lending to the industry, he said.
Africa  food  importing  ideas  opportunities  farming  agriculture  infrastructure  problems  challenges  fresh_produce 
april 2011 by jerryking
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