AfDB Loans Botswana US$76.2m
Tuesday, May 03, 2016
The AfDB said it will open a line of credit for the Botswana Development Corporation (BDC) to be invested in spheres outside of mining and the public sector, which currently dominate the country’s economy.
The bank’s board of directors said the country sits at a critical juncture, with its reliance on mining currently leaving the economy highly vulnerable to external shocks. They agreed Botswana needs to accelerate the economic development of other sectors, with agri-business, clean energy, services, infrastructure and manufacturing looking set to benefit from the funds.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...