News & Current Affairs
Africa’s Path to Reducing Poverty: Investing in Agriculture for Growth
A significant portion of the impoverished live in rural areas, primarily employed in agriculture. Despite agriculture’s vital role in GDP, it remains underfunded. A study analyzing ten African countries found that external financing for agriculture yields the highest impact in reducing poverty. Additionally, reducing non-agricultural spending and reforming tax policies can further boost agricultural investment. Countries like Angola and Malawi saw considerable poverty reduction through strategic investments. The study emphasizes the importance of combining external and domestic financing to drive sustainable, inclusive growth in agriculture and other sectors.
