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    Africa Development Bank Unveils Strategy Roadmap to Safeguard Food Security

    Posted On 16 Jun 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Richard Adorsu-

    Photo Credit: National Geographic Society

    NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana-  African Development Bank has unveiled a strategic roadmap of projects and programmes to assist African countries in tackling the nutrition and food security aspects of the COVID-19 crisis through a raft of immediate and longer-term measures.

    The Feed Africa Response to COVID-19 (FAREC) paves the way for a comprehensive intervention to build resilience, sustainability and regional self-sufficiency in Africa’s food systems and help farmers cope with coronavirus-related disruptions to the agricultural value chain.

    “The Bank’s response to support the agriculture sector lays out specific measures aimed at addressing challenges faced by African countries across all aspects of the agriculture sector. Africa cannot afford a food crisis in the wake of the COVID-19 pandemic,” said Dr. Jennifer Blanke, the Bank’s Vice President for Agriculture, Human and Social Development.

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    A report released alongside the roadmap recommends immediate, short- and medium-term solutions for the agriculture sector including; support of food delivery for the most vulnerable; stabilization of food prices; optimization of food processing; extension support services, and provision of key agricultural inputs through smart subsidies.

    According to the report, the Bank will prioritize policy support to enhance movement of inputs and food, to establish food security task forces in countries, and to strengthen the capacity of regional organizations to monitor multi-country initiatives.

    The pandemic has worsened volatility in the price of food staples and complicated food system actors’ investment decision-making.

    The confluence of impacts risks deepening food insecurity and malnutrition.

    FAREC forms one part of the Bank’s COVID-19 Response Facility (CRF) of up to $10 billion.

    The CRF is the Bank’s primary channel to deploy financial and technical measures to cushion African economies and livelihoods against the health, social and economic impacts of the pandemic.

    In May, the Bank’s African Development Institute, its focal point for capacity development, hosted a seminar that examined the pandemic’s impacts on Africa’s agro-food systems and offered policy recommendations to make them more resilient and efficient.

    “Ensuring food security for Africans in all situations is at the core of the Bank’s Feed Africa Strategy. Our institution will coordinate its efforts with different stakeholders across the continent to effectively answer the needs of regional member countries,” said Dr. Martin Fregene, Director of the Bank’s Agriculture and Agro-industry Department.

     

     

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

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    12 Comments

    1. Alex June 16, 2020 at 2:53 am Reply

      Regardless as white African, I think us African doing business together is a great win win. Alex in Cape town, South Africa.

      • New Africa Business News, Staff Correspondent June 16, 2020 at 2:54 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Lassana June 16, 2020 at 3:02 am Reply

      Our continent have more fertile land than any where, we can definitely feed the whole world. Yes we can. Conakry, Guinea Conakry. Lassana.

      • New Africa Business News, Staff Correspondent June 16, 2020 at 3:04 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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      • New Africa Business News, Staff Correspondent June 16, 2020 at 3:13 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Fatima June 16, 2020 at 3:29 am Reply

      African Development Bank is a great bank investing to our people. Very good. Keep the investment coming. Thank you New Africa for all your timely reporting. Nairobi, Kenya. Fátima.

      • New Africa Business News, Staff Correspondent June 16, 2020 at 3:30 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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      • New Africa Business News, Staff Correspondent June 16, 2020 at 3:37 am Reply

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    6. James June 16, 2020 at 4:21 am Reply

      My girl friend’s friend recommend new Africa business news to me, while visiting Berlin, last November, but boy am telling you is a great newspaper. Tell me all I need to know about Africa. Frankfurt! Germany! James!

      • New Africa Business News, Staff Correspondent June 16, 2020 at 4:22 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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