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AfDB, export trading group ink $100 million to support agriculture

Published on June 20, 2017

he African Development Bank (AfDB) Group and Export Trading Group (ETG) have   signed a financial agreement worth $ 100 million loan to finance support agriculture on the African continent.

The money is expected promote employment for youths and women, and adopt an integrated value-chain approach that emphasizes access to regional and global markets.

Africa faces a significant food security challenge and continues to depend on food imports to meet ever-growing demand. The continent spent over $ 35 billion to import food in 2015 and net food imports are projected to increase to more than $ 110 billion by 2025. Read more. Source | New Times