The African Development Bank (AfDB) and
the Food and Agricultural Organisation (FAO) has agreed to commit $100
million to fight hunger in Africa.
the Food and Agricultural Organisation (FAO) has agreed to commit $100
million to fight hunger in Africa.
The joint effort is aimed at catalysing
agriculture sector investments in Africa to end hunger and malnutrition
and increase prosperity throughout the continent.
agriculture sector investments in Africa to end hunger and malnutrition
and increase prosperity throughout the continent.
Specifically, the new strategic alliance
seeks to enhance the quality and impact of investment in food security,
nutrition, social protection, agriculture, forestry, fisheries and rural
development.
seeks to enhance the quality and impact of investment in food security,
nutrition, social protection, agriculture, forestry, fisheries and rural
development.
President of AfDB, Prof. Akinwumi Adesina and FAO Director-General José Graziano da Silva signed the agreement.
The agreement is builds on a longstanding collaboration between their organizations, at the UN agency’s Rome headquarters.
“FAO and the African Development Bank are
deepening and broadening our partnership to assist African countries to
achieve the sustainable development goals.
deepening and broadening our partnership to assist African countries to
achieve the sustainable development goals.
“Leveraging investments in agriculture,
including from the private sector, is key to lift millions of people
from hunger and poverty in Africa and to ensure that enough food is
produced and that enough rural jobs are created
for the continent’s growing population,” said FAO Director-General José
Graziano da Silva.’’
including from the private sector, is key to lift millions of people
from hunger and poverty in Africa and to ensure that enough food is
produced and that enough rural jobs are created
for the continent’s growing population,” said FAO Director-General José
Graziano da Silva.’’
The FAO is a specialized agency of the United Nations that leads global efforts to defeat hunger.
President Adesina said: “The signing of
this supplementary agreement is a milestone moment in the relationship
between the African Development Bank and FAO.
this supplementary agreement is a milestone moment in the relationship
between the African Development Bank and FAO.
“It signals our joint commitment to
accelerate the delivery of high quality programs and increased
investment for public-private-partnerships in Africa’s agriculture
sector.
accelerate the delivery of high quality programs and increased
investment for public-private-partnerships in Africa’s agriculture
sector.
“This will help us achieve the vision of making agriculture a business, as enshrined in the Bank’s Feed Africa strategy.”
AfDB’s Feed Africa Strategy, launched in 2015, targets to invest $24 billion in Africa’s agriculture over a ten-year period.
The aim is that of improving agricultural
policies, markets, infrastructure and institutions to ensure that
agricultural value chains are well developed and that improved
technologies are made available to reach several million
farmers.
policies, markets, infrastructure and institutions to ensure that
agricultural value chains are well developed and that improved
technologies are made available to reach several million
farmers.
The strengthened partnership between the
African Development Bank and FAO envisages a collaborative programme of
action with a series of outcomes.
African Development Bank and FAO envisages a collaborative programme of
action with a series of outcomes.
The outcomes include better and more
effective bank-financed investment operations; increased
public-private-partnership investments; a better investment climate and
portfolio performance; and, advocacy and joint resources mobilization.
effective bank-financed investment operations; increased
public-private-partnership investments; a better investment climate and
portfolio performance; and, advocacy and joint resources mobilization.
FAO’s technical assistance would cover
areas such as sustainable agricultural intensification and
diversification, scaling up value chain innovations, youth in
agriculture and agribusiness and agricultural statistics.
areas such as sustainable agricultural intensification and
diversification, scaling up value chain innovations, youth in
agriculture and agribusiness and agricultural statistics.
It would also cover climate smart
agriculture, blue growth/blue economy, food security and nutrition,
agri-food system, food safety and standards, women’s economic
empowerment, promotion of responsible private investments, resilience
and risk management and capacity building for transition states.
agriculture, blue growth/blue economy, food security and nutrition,
agri-food system, food safety and standards, women’s economic
empowerment, promotion of responsible private investments, resilience
and risk management and capacity building for transition states.
The collaborative programme would be
created through an initial financial contribution of up to $15 million
by the two institutions.
created through an initial financial contribution of up to $15 million
by the two institutions.
Joint advocacy and policy advice
activities will include the promotion of the Voluntary Guidelines on the
Responsible Gove1rnance of Tenure of Land, Fisheries and Forests and
the Principles for Responsible Investment in Agriculture
and Food Systems, both endorsed by the Committee on World Food
Security.
activities will include the promotion of the Voluntary Guidelines on the
Responsible Gove1rnance of Tenure of Land, Fisheries and Forests and
the Principles for Responsible Investment in Agriculture
and Food Systems, both endorsed by the Committee on World Food
Security.
Long term collaboration between the
African Development Bank and FAO began in 1968. Since then, FAO has
provided technical assistance to the formulation of 161 projects
financed by the Bank, valued at over $3.7 billion and representing
about 21 percent of the Bank’s support to the agricultural sector.
African Development Bank and FAO began in 1968. Since then, FAO has
provided technical assistance to the formulation of 161 projects
financed by the Bank, valued at over $3.7 billion and representing
about 21 percent of the Bank’s support to the agricultural sector.
Recent collaboration between the Bank and
the FAO include project formulation support in Tanzania and Equatorial
Guinea; technical assistance for the development of Blue economy
programmes in Côte d’Ivoire, Morocco and Cape Verde,
feasibility studies for agricultural transformation centres in Zambia,
Tanzania and Côte d’Ivoire; and participation in the African Leaders for
Nutrition initiative.
the FAO include project formulation support in Tanzania and Equatorial
Guinea; technical assistance for the development of Blue economy
programmes in Côte d’Ivoire, Morocco and Cape Verde,
feasibility studies for agricultural transformation centres in Zambia,
Tanzania and Côte d’Ivoire; and participation in the African Leaders for
Nutrition initiative.
The Bank and the FAO have also
contributed to a series of continental dialogues on post-harvest loss
reduction, and the Great Green Wall of the Sahel and Sahara Initiative.
contributed to a series of continental dialogues on post-harvest loss
reduction, and the Great Green Wall of the Sahel and Sahara Initiative.
The African Development Bank Group is Africa’s premier development finance institution.
The African Development Bank
(AfDB) and the United Nations Food and Agricultural Organisation (FAO)
said yesterday they have joined hands to mobilise $100 million over the
next five years to be invested in various agricultural projects in
Africa.
(AfDB) and the United Nations Food and Agricultural Organisation (FAO)
said yesterday they have joined hands to mobilise $100 million over the
next five years to be invested in various agricultural projects in
Africa.
“Specifically, the new strategic alliance seeks to enhance the quality
and impact of investment in food security, nutrition, social protection,
agriculture, forestry, fisheries and rural development,” the
institutions said in a joint statement.
and impact of investment in food security, nutrition, social protection,
agriculture, forestry, fisheries and rural development,” the
institutions said in a joint statement.
AfDB President Akinwumi Adesina and FAO director general José Graziano
da Silva signed the agreement on behalf of the two institutions.
da Silva signed the agreement on behalf of the two institutions.
“Leveraging investments in agriculture, including from the private
sector, is key to lifting millions of people from hunger and poverty in
Africa and to ensuring that enough food is produced and that enough
rural jobs are created for the continent’s growing population,” said da
Silva.
sector, is key to lifting millions of people from hunger and poverty in
Africa and to ensuring that enough food is produced and that enough
rural jobs are created for the continent’s growing population,” said da
Silva.
FAO is a specialised agency of the United Nations that leads global
efforts to defeat hunger.
efforts to defeat hunger.
Adesina said the agreement signalled the bank’s commitment to
accelerated investment in public-private-partnerships.
accelerated investment in public-private-partnerships.
“This will help us achieve the vision of making agriculture a business,
as enshrined in the Bank’s Feed Africa strategy,” he said.
as enshrined in the Bank’s Feed Africa strategy,” he said.
The Feed Africa strategy, launched in 2015, targets to invest US$24
billion into African agriculture over a ten-year period. The aim is to improve agricultural policies, markets, infrastructure
and institutions to ensure that agricultural value chains are well
developed and that improved technologies are made available to reach
several million farmers.
billion into African agriculture over a ten-year period. The aim is to improve agricultural policies, markets, infrastructure
and institutions to ensure that agricultural value chains are well
developed and that improved technologies are made available to reach
several million farmers.
AfDB and FAO have previously collaborated in support of agricultural
programs in countries such as Côte d’Ivoire, Morocco and Cape Verde,
Zambia, Tanzania and Côte d’Ivoire.
programs in countries such as Côte d’Ivoire, Morocco and Cape Verde,
Zambia, Tanzania and Côte d’Ivoire.
Over the years, FAO has availed an estimated $3,7 billion towards
AfDB’s agriculture financing.
AfDB’s agriculture financing.
https://www.herald.co.zw/afdb-fao-target-100m-investment-in-africa/
ource: https://www.herald.co.zw
AfDB, FAO target $100m investment in Africa
The African Development Bank
(AfDB) and the United Nations Food and Agricultural Organisation (FAO)
said yesterday they have joined hands to mobilise $100 million over the
next five years to be invested in various agricultural projects in
Africa.
(AfDB) and the United Nations Food and Agricultural Organisation (FAO)
said yesterday they have joined hands to mobilise $100 million over the
next five years to be invested in various agricultural projects in
Africa.
www.herald.co.zw
