HOW THE BRICS BANK CAN HELP AFRICA. South African Trade and Industry Minister Rob Davies breaks it down: “If you take the simple example of coffee, Africa earns $6 billion a year from the coffee beans it grows, yet it is the roasters and blenders outside the continent who capture $94 billion of the value addition to those beans. That is unsustainable and if we want to promote sustainable inclusive growth, then more value addition has to place in Africa. That applies not only to coffee beans, but a whole variety of raw materials. The BRICS countries can help Africa to industrialise and lift millions out of poverty.”
Posted on: Tue, 15 Jul 2014 18:07:50 +0000
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