AfDB Solicits For Chinese Agric Investments In Africa

In a bid to attract investments in the development of Special Agro-Industrial Processing Zones across Africa, the African Development Bank (AfDB) has met with a private sector consortium from China.

According to AfDB statement on Thursday, its Officials, led by the Senior Special Adviser on Industrialisation to the AfDB’s President, Prof. Banji Oyelaran-Oyeyinka, paid a courtesy visit to Vice-President Yemi Osinbajo, who assured the consortium of ‘tremendous investment opportunities’ available in Nigeria.

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The statement noted that the discussions held during the visit centred on Chinese direct investments and partnerships with Nigerian agribusiness as well as ventures with Nigerian State governments and agribusiness in the development of agro-industrial parks.