You Are Here: FrontPage Marketplace News


Monday, December 18, 2006 - Web posted at 9:25:48 GMT

Africa urged to invest more in agriculture

NAIROBI - The Common Market for Eastern and Southern Africa (Comesa) economic bloc on Thursday urged its member states to increase investment in agriculture to reduce food insecurity and accelerate development.

The 20-member bloc, Africa's biggest, targets a minimum of six per cent annual agricultural growth in member states through its Comprehensive Africa Agricultural Development Programme (CAADP).

"To move towards attaining this growth, a minimum public expenditure requirement of 10 per cent of national budgets (is) recommended," Comesa's Secretary General, Erastus Mwencha, said during the launch of CAADP in Kenya.

The CAADP programme seeks to harmonise the member countries' different policies on agricultural expansion.

Mwencha added that private sector and donor support was also needed to sustain and deepen that growth in the region with a 400 million strong population and a combined regional gross domestic product of about US$270 billion.

CAADP identifies four investment areas for improving African agriculture; land and water management, trade and market infrastructure, food and nutrition security, and agriculture research and technology adoption.

Comesa comprises Angola, Burundi, Comoros, DRC, Djibouti, Egypt, Ethiopia, Eritrea, Kenya and Libya.

Others are Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe.

Nampa-Reuters

Local Marketplace

•  Summary
•  Headlines
•  Forums
•  Email this story
•  Printer friendly


Marketplace News Headlines Of The Last 48 Hours


•  Financial meltdown knocks global factories
•  Tensions brew over EU's vetting of state aid to banks
•  DBN assistance paves way for women
•  China urges developed states to take lead in climate change
•  Bridgestone puts on the brakes at US plant Japanese firm will cut jobs and stop making tyres
•  Price transparency for Nam's telecoms sector
•  Consumer debt affects health
•  The mantra of the big guns and the cries of the back streets
•  SA mining unions call for halt to new lay-offs
•  Polytechnic receives financial boost
•  Nam moves to get ban on exports to SA lifted
•  BEE firms in SA must bail themselves out, say black managers
•  Maputo remains optimistic about foreign aid flows
•  US$500m biofuels project wants Mozambican labour to produce ethanol
•  Union asks leaders not to back down on aid for decent work
•  House market will worsen in South Africa, says Absa
•  Fortescue shares surge on bid rumours by BHP and China
•   Chinese manufacturing drops sharply
•  Ryanair makes new takeover bid for Aer Lingus

 

Advertise | About Us | Contact Us | Subscribe | Privacy | Terms Of Service | Guestbook

Material on this site copyright The Free Press Of Namibia (Pty) Ltd
PO Box 20783 - Windhoek - 42 John Meinert Street
Tel: +264 (61) 279600 - Fax: +264 (61) 279602

Back To Top