Xinhua, Nairobi :
International Finance Corporation (IFC) plans to invest at least two billion US dollars annually in Africa’s agribusiness sector by 2018, the firm said Thursday.
IFC Head of Manufacturing for Sub Saharan Africa German Vegarra told a media briefing in Nairobi that in the last financial year, its total investments in the region reached one billion dollars.
“Agribusiness is strategic for IFC, given the growing challenges of food security in the continent,” he said. In 2013, total global IFC investments hit 25 billion dollars.
