World Food Day: African Development Bank marks milestones in its work to feed Africa | African development bank
To help mitigate the effects of soaring food and grain prices, aggravated by Russia’s war in Ukraine, the African Development Bank launched the African Emergency Food Production Facility in May to enable the production 38 million tons of food over the next two years.
The $1.5 billion facility has gone into action, with the Bank having approved initial programs in 26 African countries worth $1.257 billion. The Bank Group’s Africa Emergency Food Production Plan will provide 20 million farmers across Africa with seed varieties of wheat, maize, rice, soybeans and oil palm, as well as access to fertilizer to produce additional food worth $12 billion.
“Africa should not import food. Africa should become a major food-producing region and export its surplus to the rest of the world. If there’s one thing Africa can do, it’s help feed the world,” said African Development. Bank Group President Dr. Akinwumi Adesina at a knowledge exchange event hosted by Yara International. Yara International, a Norwegian chemical company, produces, distributes and sells nitrogen-based mineral fertilizers.
“Africa offers (…) huge opportunities in agriculture, with 65% of the world’s uncultivated arable land still available to feed the world’s population, so its actions will determine the future of In addition, Africa’s food and agriculture market will reach $1 trillion by 2030,” Adesina assured Norwegian businesspeople at the Norwegian-African Business Association (NABA) summit. September 29.
The Bank’s initiative has received global support, including from UN Secretary-General Antonio Guterres and US President Joe Biden. The Government of Japan, through the Japan International Cooperation Agency, has partnered with the Bank to boost agricultural production in Nigeria, Tanzania and Côte d’Ivoire. In early October, Norway announced an allocation of $9.2 million for the African Emergency Food Production Facility. International development agencies have also welcomed the Bank’s initiative.
African countries expect to register a significant increase in agricultural production as a result. With assistance from the African Emergency Food Production Facility, Senegal, for example, aims to harvest an additional 600,000 tonnes of cereals such as rice, maize and millet, as well as around 120 tonnes of cowpea and 150 000 tons of potatoes. In Côte d’Ivoire, the Bank’s support will help produce an additional 546,987 tons of maize, 796,323 tons of rice and more than one million tons of cassava.
The Bank’s African Emergency Food Production Facility aims to provide climate-smart seeds and access to affordable fertilizers to 20 million farmers across the continent
For the Bank Group, progress towards these goals is irreversible, given that the African Emergency Food Production Facility will be built around another successful Bank initiative: the Technologies for Transformation program. of African Agriculture (TAAT).
TAAT provides growers with climate-resistant seeds and innovative agricultural technologies. Launched in 2018, the program has been a resounding success. In Ethiopia, heat-tolerant wheat varieties helped the country become self-sufficient in wheat in just three years. Next year, the country hopes to become a net exporter of wheat to Djibouti and Kenya. The program has provided improved agricultural technologies to nearly 12 million farmers and supported the production of 25 million tons of food.
The new year will mark new developments in the Bank’s partnership with the International Fund for Agricultural Development to establish an Africa Food and Nutrition Finance Facility. This facility, now called Mission 1 for 200, aims to mobilize $1 billion, over the next two years, from mainly non-traditional donor sources to address more structural issues in modernizing Africa’s agricultural sector. Its goal is to double the productivity of 40 million small African farmers and produce 100 million metric tons of food and feed 200 million people. The Bank is expected to launch this financing facility in late January, with the aim of spurring agricultural transformation across Africa and ensuring that no one is left behind.
Norway’s $9.2 million allocation for the Facility will support Fertilizer Financing Facility programs in Africa, such as the Credit Guarantee Scheme, which helps agro-dealers like Fideline Mahenge provide more fertilizer to farmers in Tanzania.
Beneficiary countries of the African Emergency Food Production Facility in October 2022
- West Africa (8): Ivory Coast, Gambia, Liberia, Niger, Nigeria, Senegal, Sierra Leone, Togo.
- East Africa (5): Burundi, Kenya, Tanzania, Somalia, South Sudan.
- Southern Africa (6): Eswatini, Madagascar, Malawi, Mozambique, Zambia, Zimbabwe.
- Central Africa (4): Cameroon, Central African Republic, Democratic Republic of Congo, Chad.
- North Africa (3): Egypt, Morocco, Tunisia