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    BREAKING NEWS
    South Africa and Stellantis has Greeted a Pact to Develop a Unique Automobile Manufacturing Facility
    Dr. Akinwumi Adesina AfDB’s President maintains it is time to Develop Youth-Based Wealth to Bolster a Better Comprehensive Nigerian Economy
    Abidjan to host on March 17th 2023 the 8th Session of the Steering Committee for the Construction Project of a Motorway between Abidjan and Lagos
    Rwanda’s President Paul Kagame and the President of the World Football Association(FIFA) launched the Kigali Pelé Stadium which is changing the name from Kigali Regional Stadium In Nyamirambo the Capital of Kigali
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    Over $1 billion Approved by the African Development Bank to Fast Track Food Production Plan

    Posted On 23 Jul 2022
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Photo Credit: African Development Bank

    NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- African Development Bank Group’s Board of Directors has approved 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia’s war in
    Ukraine, climate change and the Covid-19 pandemic.

    The first round of approvals is part of the Bank’s $1.5 billion African Emergency Food Production Facility, established in May to boost food security, nutrition, and resilience across the continent.

    The facility will provide 20 million African smallholder farmers with certified seeds and increased access to agricultural fertilizers. It will also support governance and policy reform, which is expected to encourage greater investment in Africa’s agricultural sector. The African Emergency Food Production Facility will enable African farmers to produce 38 million additional tons of food over the next two years. This is food worth an estimated $12 billion.

    As of 15 July, the Bank Group’s Board of Directors had approved a total of $1.13 billion in mixed financing for Emergency Facility programs targeting 24 countries: eight countries in West Africa; five in East Africa; six in Southern Africa; four in Central Africa and one in North Africa.

    “This is a landmark week for the African Development Bank and the African Emergency Food Production Facility,” said Dr. Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development. “These programs will deliver much-needed climate-adapted seeds, access to affordable fertilizers and usher in policy reforms to enable the agriculture sector to supply immediate, medium and long-term solutions to challenges faced in regional member
    countries.”

    The African Emergency Food Production Facility is designing programs to respond to requests from more countries on the continent.

    The facility focuses on staple crops that many African nations largely import from Russia and Ukraine. However, the Russia-Ukraine war has left the continent facing a deficit of at least 30 million tons of food. Successful implementation of the facility will deliver 38 million tons of food, exceeding the amount imported from Russia and Ukraine. Through the facility, African farmers will produce approximately 11 million tons of wheat, 18 million tons of maize, 6 million tons of rice and 2.5 million tons of soybeans.

    The program will build on the success of the Bank’s Technologies for African Agricultural Transformation (TAAT) platform. Launched in 2019, TAAT delivered heat-tolerant wheat seed varieties to 1.8 million farmers in seven countries. It also increased wheat production by 2.7 million tons, valued at $840 million

     

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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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    • Abidjan to host on March 17th 2023 the 8th Session of the Steering Committee for the Construction Project of a Motorway between Abidjan and Lagos
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