The African Development Bank has pledged USD1.5 billion to help utilize water resources for agricultural development in Africa.
The money will be used to develop the technical details of water projects in the continent, Aly Abou-Sabaa, AfDB’s agriculture director, told Xinhua at the sidelines of the African Green Revolution Forum. The AfDB official called for more contributions to water development schemes in Africa, which, he said, need at least USD5 billion.
The forum, which was held Sept. 2-4 in Accra, Ghana, explored investments and policy support aimed at promoting agricultural productivity in Africa.
To achieve a Green Revolution in the region, infrastructure, irrigation and transportation networks need to be enhanced, Abou-Sabaa said.
Africa will require between USD32 billion and USD39 billion each year to achieve the full economic potential of its agricultural sector, according to experts.