Saturday, February 20, 2010

Money Being Planted to Help Africa's Agriculture Grow

The chairman of the African Development Bank (ADB), Donald Kaberuka, has reportedly said that the bank will triple its capital to support development in Africa.

The decision from there will be...where will the money go? To what aspect of African development will the money be focused?

Kenyan-born Calestous Juma, a professor of the practice of international development at Harvard University said that the money should be used to support agricultural development.

Juma states that supporting African agriculture is essential to the survival and sustaining of the people because "70 percent of Africa's economy is accounted for by agriculture. Therefore if you improve agriculture, you also improve the economy as a whole."

- Tiffanie Depew

SOURCE: Voice of America