Home | Goldstreet Business
Thursday, January 21, 2021
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result

Processing zones for staple crops will transform African agriculture – AfDB

September 18, 2018
in Uncategorized
0
Share on FacebookShare on Twitter

The African Development Bank (AfDB) says it intends to create Staple Crops Processing Zones (SCPZs) to help African countries become net exporters of processed foods and commodities.

Currently, Africa pays more than a crippling US$35 billion annually to import food, a figure that could rise to US$110 billion by 2025, if current trade trends continue.

RELATED POSTS

Segregate maize for humans, poultry consumption — agric expert

Analysis: What will survive of U.S.-Middle East policy under Biden?

Speaking at the 2018 Agricultural and Applied Economics Association (AAEA) Annual Meeting held in Washington, D.C., AfDB President, Akinwumi Adesina said “the zones will allow African countries to substantially reduce food imports, and become net exporters of processed foods and commodities”.

The Bank is already making investments to develop the SCPZs in a number of African countries. Togo, for example, will receive US$S29.5 million through the Togo Agro-Food Processing Zone Project (PTA-Togo).

Plans are also under way to reach 15 countries in the next 5 years, including Ethiopia, Democratic Republic of Congo, Zambia, Guinea, Burkina Faso, Madagascar, Cote d’Ivoire, Senegal, and Mozambique.
“I am convinced that just as industrial parks helped China, so the SCPZs will contribute to creating new economic zones in rural areas that will help lift hundreds of millions out of poverty through the transformation of agriculture into a viable and profitable business that will unleash new sources of wealth,”  Adesina added.
The processing zones are projected to create new markets for farmers’ produce and raw materials, which will become production centres for finished value-added products.

The SCPZs are also expected to reduce post-harvest losses and integrate agricultural value chains with supportive logistics, such as warehousing and cold chains. Development of agricultural value chains based on SCPZs could potentially create market opportunities for millions of African farmers.

“These zones will be set aside and managed for agribusinesses and food manufacturing industries and other agro-allied industries. They will be enabled with the right policies and infrastructure such as roads, energy, irrigation, rail, ICT, waste management, and ports to help reduce business transaction costs and could benefit from government subsidies. SCPZs can transform the rural areas from zones of misery into zones of economic prosperity,” Adesina mentioned, calling on local and international investors to invest in the scheme.

Agriculture in Africa provides employment to 61% of the population but only accounts for 25% of its GDP. SCPZs are expected to reduce the gap and create increased opportunities for rural and commercial farmers.

Source: AfDB

60

SHARES
facebook Share on Facebook
Twitter Tweet
Follow Follow us
custom Share
custom Share
custom Share
custom Share
custom Share
ShareTweetShare

Related Posts

Segregate maize for humans, poultry consumption — agric expert

Segregate maize for humans, poultry consumption — agric expert

January 20, 2021
Analysis: What will survive of U.S.-Middle East policy under Biden?

Analysis: What will survive of U.S.-Middle East policy under Biden?

January 20, 2021
Joe Biden Takes Over

Joe Biden Takes Over

January 20, 2021
5 Cybersecurity Trends to Watch in 2021

5 Cybersecurity Trends to Watch in 2021

January 20, 2021
Telegram Reaches 500 Million User Milestone

WhatsApp is Behind the “Largest Digital Migration in History”, says Telegram Founder

January 20, 2021
Next Post

Ghana finally joins the aviation big league as Terminal 3 begins operations

GWCL incurs 50% losses due to galamsey – Report

Archives

<
January 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

Segregate maize for humans, poultry consumption — agric expert

Segregate maize for humans, poultry consumption — agric expert

January 20, 2021
Analysis: What will survive of U.S.-Middle East policy under Biden?

Analysis: What will survive of U.S.-Middle East policy under Biden?

January 20, 2021

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.