Agriculture is the Gambia's asset

Published 2021년 11월 4일

Tridge summary

The African Development Bank (AfDB) has released its Country Strategy Paper for The Gambia, focusing on agricultural modernization from 2021-2025. The strategy aims to transform The Gambia into a staple crop processing zone and enhance food self-sufficiency through private sector commercial agricultural value chains. The plan also includes supporting energy projects, multimodal transport systems, and light industries such as rice and oil mills, industrial fishing, and food manufacturing. Despite agricultural production contributing only 4.5% to GDP growth from 2015-2019, agriculture employs 46% of the active population and generates 33.4% of exports. Low yields and quality of agricultural production have led to a decline in agricultural value added per worker.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the period 2021-2025, it is agriculture that the African Development Bank (AfDB) has pinned as the great asset for the future of The Gambia. Note that this is the first Country Strategy Paper (CSP) that the AfDB has been preparing for this country since the change of political regime in 2016. “The 2021-2025 CSP is selectively focused on a single priority area: modernization of agricultural value chains for inclusive growth. In particular, the Bank will target private sector-led commercial agricultural value chains with a view to transforming The Gambia into a staple crop processing zone (SCPZ) and strengthening food self-sufficiency, "the document reads. Emphasis will also be placed on "ongoing energy projects to support a dynamic agrifood industry and develop multimodal transport systems to interconnect the country with regional and global markets and benefit from the African Continental Free Trade Area (AfCFTA) ). " Light industry also offers opportunities, the Bank ...

Source: Commodafrica