(Source: African Development Bank Group) African countries could borrow money internationally to invest in commercial agriculture to spread the range of manufactured products available within their economies and lead to an agricultural transformation, Ministers of Finance at Feeding Africa Conference in Dakar affirmed Friday. Zambia's Deputy Minister of Finance, Christopher Mvunga, said money borrowed commercially from the international financial markets could be spent on modernizing agricultural infrastructure. Mvunga said Zambia was spending US $250 million out of the US $1.5 billion it has raised internationally from the issuance of sovereign bonds to...
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