Securing better local yields and resuming food supply channels will be part of Africa’s next programs to prevent famine on the continent, according to a plan announced by the African Development Bank (AfDB) and partners.
In a series of announcements, the AfDB and its partners separately said they aim to ensure the continent produces more food by the end of this year, but are also finding alternative ways for grain from struggling source markets to reach the poor >< h3>Focus on women
As part of the Emergency Food Production Facility, the AfDB says it will release up to $1.5 billion to address a looming food crisis on the continent by helping the local production supported. The lender will raise $1.3 billion, with partners including Canada and Germany helping to fill the gaps in the planned budget. The money will be used to buy certified seed, fertilizer and improved farming technology for 20 million farmers across the continent.
The Canadian government has announced a $78 million contribution to an AfDB fundraiser to to provide local aid Food producers improve their yield.
The money, to be disbursed as a concessional loan, will benefit small and medium-sized businesses involved in the agribusiness, particularly those run by women established and managed.
Funding Announced This week the bank launched its Emergency Food Production Facility, a $1.5 billion project aimed at increasing the yield of Africa’s food production by the end of 2022 38 million tons.
Canada’s Minister for International Development, Harjit Sajjan, said Tuesday the country will be $78 million via the AfDB from the Assistance Innovation Program to support private companies involved in SDGs such as fighting hunger or climate change through low-interest loans.
Canada, the fourth largest shareholder of non-African Members of the AfDB say the $78 million will be crucial as Africa scrambles for alternative food sources after the war in Ukraine earlier this year curtailed one of the continent’s largest grain sources.
Seven out of ten foods in Africa are produced, processed or brought to the consumer by small or medium-sized enterprises, including small farmers, according to the AfDB. But Ukraine and Russia are cumulatively Africa’s largest source markets for grain, or more than half of all the continent’s wheat imports.
In February, Russia invaded Ukraine, ostensibly to ” to denazify”. ‘ the country. The ensuing war prevented Ukrainian farmers from ordering for the next season and blocked supply channels for the harvested grain to be exported to regions such as Africa and the Middle East.
On its Africa Tour this week, German Chancellor Olaf Scholz suggested that Berlin would push for alternative routes for exporting grain from Ukraine, including using EU roads and ports. Russia blocked routes Ukraine uses to export its wheat, and Scholz, who visited Senegal, Niger and South Africa, said Germany, the current president of the G7 group, will also work with the World Bank to ensure supplies be resumed. The EU imposed sanctions on Russia but allowed grain exports.
Dr. Akinwumi Adesina, President of the African Development Bank Group, said the lender is also fighting against a perennial anomaly: the use of food aid during times of crisis on the continent.
“Food aid cannot feed Africa. Africa doesn’t need bowls in hand. Africa needs seeds in the ground and mechanical harvesters to harvest plentiful locally produced food. Africa will feed itself with pride because there is no dignity in begging for food,” he said on Friday.