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Article: Funding Africa's agrarian revolution.
- Article from:
- The Banker
- Article date:
- September 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Charlie Corbett
Last year's global food crisis made two facts startlingly apparent: first, the desperate need for Africa's agricultural sector to fulfil its huge potential, in order to become a breadbasket for the world. And second, quite how far from reality this ambition was. While the rest of the world struggled with the high cost of staple foods, in Africa many millions already living a hand-to-mouth existence starved.
As things stand, Africa cannot feed itself, let alone the rest of the world. Famine is an all-too-common occurrence throughout the continent and one-third of the population lives with chronic hunger. As the developing ...