Agriculture Powering Africa’s Economic Transformation

Tuesday 10th October 2017 – Washington DC, USA

What: A new report from the Ghana-based African Center for Economic Transformation (ACET) will set out a bold new agenda for African growth powered by a revolution in agriculture. Launching at a meeting of African finance ministers and economists at the World Bank, the report will set out a radical program of reforms to trigger economic transformation far beyond the farming industry.

Drawing on comprehensive data and analysis from across African economies, the report will identify a number of key opportunities and challenges for governments and business. Growing private sector involvement in agriculture and developments in technology offer opportunities to rapidly accelerate agricultural transformation, but must be balanced with measures to ensure the benefits are shared and sustainable. Strategic investments and innovative policies from governments are urgently needed to support existing farmers and bring new investors to agriculture.

African countries currently spend $68bn a year on food imports, a figure likely to keep rising. Meanwhile global food demand is forecast to double by 2050, by which time the continent will be home to 1 billion young people. The reforms set out in this report could enable the continent to feed its own people whilst growing its economies.

When: 10th October 2017. Report embargo lifts at 00:01EST; launch event from 09.30-11.00 EST

Where: An invitation-only launch event will take place at Room J1-050 at the World Bank Annual Meetings, World Bank (J Building), 701 18th St I NW, Washington DC.

Who: The report was written by a team led by Yaw Ansu, Chief Economist at ACET, under the direction of ACET founder, former Executive Secretary of the UN Economic Commission for Africa, K.Y. Amoako. The launch will be attended by Rosine Sori-Coulibaly, Finance Minister of Burkina Faso, and other key African ministers.

 


For more information, to arrange interviews, request an embargoed copy of the report, or to attend the launch contact: Oliver Courtney on oliver@digacommunications.com, +44 (0)7815 731889; Dede Amanor-Wilks on damanor-wilks@acetforafrica.org +233 246 050 788; Rob Floyd on rfloyd@acetforafrica.org +001 202.641.0336

 

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