Browsing: urbanisation

• Africa’s agribusiness sector is undergoing significant transformations driven by population growth, urbanisation, technological advancements, and shifting consumer preferences.
• Alongside their role in stimulating economic growth, agribusiness and agro-industrial development have the potential to reduce poverty and foster social and economic growth. 
• Technological advancements and digital transformations are revolutionising agribusiness in Africa, offering transformative opportunities.

Africa’s agribusiness sector potential

Agribusiness in Africa is undergoing significant transformations driven by population growth, urbanisation, technological advancements, and shifting consumer preferences. As a continent with abundant agricultural resources, Africa holds immense potential for agribusiness development.

African economic growth remains commodity-based, mainly on commodity exports, with minimal processing and value addition involved. To foster sustainable and inclusive growth and development in Africa, there is an urgent need to promote a new development approach based on exploiting the continent’s full agribusiness potential.

Some pressing issues call for a reorientation to support agribusiness and agro-industrial development, namely, poverty …

• About 200,000 people in Windhoek will benefit from AfDB-funded solar lighting project.
• AfDB’s Urban and Municipal Development Fund helps countries invest in climate resilient cities.
• Rapid and uncontrolled urbanization in Namibia’s capital has seen the steady rise in informal settlements. 

An estimated 50,000 homes in Namibia’s informal settlements will benefit from solar power connections as green revolution across African economies picks up speed. The solar project targeting informal settlements in Namibia’s capital city has received a grant of $485,000 from the African Development Bank’s Urban and Municipal Development Fund .

In Windhoek, where around 20 per cent of the population lacks access to power, the “Informal Settlement Renewable Electrification and Upgrading Program” will directly assist almost 200,000 people.

The Urban and Municipal Development Fund of the AfDB supports national socioeconomic development and poverty reduction by assisting governments in funding sustainable urban development for more livable, productive, and climate resilient cities.…