Sign In or Register | Sunday, October 17, 2021
AfricaTeam,   5/4/2021 4:41:26 PM Add AfricaTeam as a Friend   |  Send Message
Africa See Profile
African Countries Commit To Double Agricultural Productivity As Development Banks, Institutions Pledge US$17 Billion To Increase Food Security

 ROME, April 30, 2021 /PRNewswire/ -- Four multilateral development banks and financial institutions pledged close to US$17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security.

In addition, 18 African heads of state have committed to increase agricultural production by doubling current productivity levels through the scaling up of agro-technologies, investing in access to markets, and promoting agricultural research and development.

The pledges and commitments were made at the end of the two-day high-level dialogue - Feeding Africa: leadership to scale up successful innovations. The event was hosted by the Africa Development Bank (AfDB) and the UN's International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, on 29 and 30 April.

The US$17 billion in financial pledges came from AfDB, IFAD, the Islamic Development Bank Group the Arab Bank for Economic Development in Africa.



"Let us now forge, today, a stronger partnership: a partnership for greater scale! A partnership to take technologies and innovations to hundreds of millions of farmers," said African Development Bank president Dr. Akinwumi A. Adesina in an address to leaders.

"We praise the African leaders' commitment to increase agricultural productivity and improve food security for millions of Africans," said IFAD President Gilbert F. Houngbo. "By modernizing African agriculture, small-scale farmers will be in a better position to bring more affordable food to consumers and create decent livelihoods for millions of young Africans involved in the processing, storage and marketing of food."

Sub-Saharan Africa has a quarter of the world's arable land but only produces 10 per cent of its agricultural output. The continent imports one-third of the calories consumed making food systems more vulnerable and dependent on external food supply chains.

Outcomes from this week's high-level dialogue will feed into discussions at a preparatory meeting in Rome in July, ahead of the UN Food Systems Summit scheduled for later this year laying the foundation for Africa to present a unified voice to step up efforts and partnerships towards reaching the Sustainable Development Goals by 2030.




African Development Bank: Amba Mpoke-Bigg| email:
IFAD: Antonia Paradela | email:
FARA: Benjamin Abugri |
CGIAR: Valerie Poire | email:



SOURCE International Fund for Agricultural Development

Bookmark and Share Email Email to Friends Print Print
Facebook Twitter YouTube Instagram Linkedin African Music
Post a New Story from your Account, then Vote for it Here by clicking Push

Most Popular
Latest Forums
Latest Polls
    Nigeria    Kenya    
South Africa    Ghana    
Egypt    Ethiopia    Zimbabwe    Uganda    Africa    
Tanzania    Kenya a Hot bed of Investments    Test    Pope Francis On Safari In Kenya    Malawi    The 28th African/Caribbean International Festival of Life (IFOL) in Conjunction with The 5th Annual Jerk    Sudan    The 2nd Pan-African Cultural Festival Photos    Tunisia    2010 World Cup Draw: Which Country Has the Hottest Fans?    
Site Map | Help | Send Feedback | Contact us | User Agreement | Privacy | About us
Copyright © 2020-2022 "Africa Updates" All rights reserved