Chocolate-Fueled Growth
An agribusiness development strategy focused on higher-value output and stronger productivity growth throughout the value chain represents one of the best opportunities for rapid and broad-based economic growth and wealth creation in Africa. It also may be one of the few local pathways out of poverty for small farmers.
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VIENNA – As an African, my dream for the next decade is to see the continent producing and selling chocolate to 300 million Chinese, instead of exporting raw commodities like cocoa. Several weeks ago, at the China-Africa Symposium in Xiamen, China, I tested this vision on the audience, and the 2,000-plus delegates joined in resounding applause. Business and government leaders are evidently ready to see Africa introduce structural change aimed at creating manufacturing-based national economies.