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Stanchat rep refutes water situation in Africa

Dan Mobley, the Standard Chartered Bank Regional Head of Corporate Affairs- Africa, has refuted the notion that Africa has water insecurity and many people are dying of thirst.

He added that it was unfortunate that people outside Africa see the continent as a country and generalize everything they hear or see.

“Most African countries are water secured contrary to what people outside the continent perceive,” he stated. He explained that they are some countries in Africa that face challenges with water but that is not to say that the whole continent is facing the same problem.

Mobley was speaking to a section of the press after a two-day working visit to the country from South Africa. He was with Christiana Marran, Regional Head of Corporate Affairs, Europe and America.

The two were in the country to explore opportunities in Ghana as well as understand the Ghanaian success story at first hand. As part of their activity, they visited some media houses, interacted with stakeholders and some policy makers.

According to them, Ghana has a bright future with respect to growth “and we expect this growth to continue”.

They explained that they are a lot of opportunities in agriculture on the continent. Currently, Africa has 60% of the world’s farming lands. However, only 17% of the 60% is being used for farming.

Mobley indicated that the bank has a total of US$3 billion for the support of agriculture and its related activities on the continent. He added that the bank is also looking at increasing support in investment for infrastructure.

“The bank is very excited about the explosive growth of trade between Africa and Asia”

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