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May 14th, 2018 / New Business Ethiopia

A new report, entitled, Agriculture, Powering Africa’s Economic Transformation’, by the African Center for Economic Transformation (ACET) – founded by former ECA Executive Secretary – Dr. K.Y. Amoako, stresses the significant role agriculture plays in transforming African economy.

“Agriculture is the quintessential sector for the transformation of the African continent and we must treat it as such,” the Executive Secretary of the UN Economic Commission for Africa (ECA) – Ms. Vera Songwe has told a wide-range of African leaders and delegates attending the 51st Session of ECA (and Conference of African Ministers of Finance, Planning and Economic Development).

The Report is a comprehensive assessment of the state of Africa’s agriculture and gives clear pointers as to how to rapidly transform the sector to leverage the continent’s overall economic transformation and development. It is predicated on the reality that Africa has a comparative advantage in respect of unused arable land, water resources, labor and long growing seasons and that the continent possesses the lion’s share of the world’s unutilized arable land. Read more