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    Africa Development Bank Approves $1.5 Billion Facility to Counter Food Crisis on the Continent

    Posted On 28 May 2022
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Photo Credit: Fine Art America

    NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The African Development Bank has approved a $1.5 billion facility to help African countries avert a looming food crisis over the next two years.

    With the disruption of food supplies arising from the Russia-Ukraine war, Africa now faces a shortage of at least 30 million metric tons of food, especially wheat, maize, and soybeans imported from both countries.

    The ‘African Emergency Food Production Facility’ is expected to benefit 20 million smallholder African farmers who will receive certified seed and technology to rapidly produce 38 million tons of food, over the next four farming seasons, said the bank’s officials.

    In a breakdown, the facility will lead to the production of 11 million tons of wheat, 18 million tons of maize, 6 million tons of rice, and 2.5 million tons of soybeans, according to the statement.

    AfDB Group President, Akinwumi Adesina said: “Food aid cannot feed Africa. Africa does not need bowls in hand. Africa needs seeds in the ground, and mechanical harvesters to harvest bountiful food produced locally. Africa will feed itself with pride for there is no dignity in begging for food.”

    He noted that access to fertilizers should not face the same constraints as the case was for Covid19 vaccines and warned that food shortages in Africa could lead to high instability, including riots or toppling of governments.

    Beth Dunford, AfDB’s Vice President for Agriculture, Human and Social Development, said the facility builds on lessons learned from the bank’s Feed Africa Response to Covid-19 program.

    “That program has provided a strategic roadmap to support Africa’s agriculture sector and safeguard food security against the pandemic’s impact.”

    The Facility will also create a platform to advocate for critical policy reforms to solve the structural issues that impede farmers from receiving modern inputs. This includes strengthening national institutions overseeing input markets.

    It will be followed by a five-year ramp-up phase to build on previous gains and strengthen self sufficiency in wheat, maize, and other staple crops, as well as expand access to agricultural fertilizers by delivering seeds and inputs to 40 million farmers.

    The Bank made the commitment ahead of the AfDB Group annual general meeting slated from May 23 to 27 in Accra, Ghana.

     

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    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    who.int/emergencies
    Coronavirus Q&A, World Health Organization
    who.int/news-room
    Coronavirus condition overview, World Health Organization
    who.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent
    About the Author
    New Africa Business News Staff Correspondent
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    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

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    • $30 Billion has been pledged by the African Development Bank and Development Partners to Finance Food and Farming in the Next Five Years
    • $7.9 Billion in Exports glid in 2021 from the East African Community (EAC) Bloc to Africa amidst the Novel Corona Virus (COVID -19) Consequence

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