The African Development Bank (AfDB) has resolved to take modern and resilient technology to 40 million farmers in the next five years.
The multilateral financial institution said its Feed Africa Strategy through its Technologies for African Agricultural Transformation (TAAT) programme has so far provided 11 million farmers across 29 African countries with proven agricultural technologies for food security.
The AfDB maintained that food production has expanded by 12 million metric tonnes while saving $814 million worth of food imports.
The President, African Development Bank (AfDB), Dr. Akinwunmi Adesina, stated this at the United Nations Food Systems Summit.
Earlier in the year at a meeting on food security in Africa organised by AfDB and the International Fund for Agricultural Development (IFAD), 19 African Heads of States had called for the establishment of a facility for financing food security and nutrition in Africa.
“The facility for financing food security and nutrition in Africa should be capitalised with at least $ 1 billion per year,” Adesina said.