Thursday, May 19, 2022
FRFrançais RW Kinyarwanda
Taarifa Rwanda
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report
No Result
View All Result
Taarifa Rwanda
No Result
View All Result
Home Business

African Development Bank Seeks US Support For US$1.5B Emergency Food Plan For Africa

by Staff Writer
May 13, 2022
in Business
0
Share on FacebookShare on Twitter

The president of the African Development Bank Group (www.AfDB.org), Dr. Akinwumi Adesina, made a compelling case, on Wednesday, for the United States to back the institution’s US$1.5 billion emergency food production plan. The plan seeks to avert a looming food crisis in Africa caused by Russia’s war in Ukraine.

The Bank chief, and a panel of witnesses, testified about global food insecurity and persisting impacts of the Covid-19 pandemic before the US Senate subcommittee on State, Foreign Operations and Related Programs. Among others, senators Chris Coons (Delaware), Lyndsey Graham (South Carolina), Dick Durbin (Illinois), Chris Van Hollen (Maryland) and Roy Blunt (Missouri) participated in the hearing.

Senator Coons, Chair of the Senate subcommittee, stressed that the US should move fast and provide sufficient funding. “We should be concerned and even alarmed about the widening food security crisis that this war is causing for hundreds of millions far beyond Eastern Europe,” he said. Senator Graham expressed support for the establishment of a global fund for food security.

Advert Advert Advert

Speaking live via videoconference from Accra, Ghana, Adesina said the proposed Africa Emergency Food Production Plan would result in the rapid production of 38 million tons of food across Africa over the next two years. “The African Development Bank, with your support, is prepared to meet this new challenge and others head-on,” he said.

The plan is anchored on the provision of certified seeds of climate-adapted varieties to 20 million African farmers. With the disruption of food supplies arising from the Russia-Ukraine war, Africa faces a shortage of at least 30 million metric tons of food, especially wheat, maize, and soybeans imported from the two countries.

An African Emergency Food Production Plan

Adesina said the African Development Bank would invest $1.3 billion in the plan’s implementation. He called on the US to make up the funding balance. “With US support to reduce the $200 million financing gap – we can ensure the Africa Emergency Food Production Plan’s success,” he said.

The Africa Emergency Food Production Plan is currently before the African Development Bank’s Board of Directors for approval.

Also providing testimony were David Beasley, Executive Director of the World Food Programme and Ms. Tjada D’Oyen McKenna, Chief Executive Officer of non-governmental organization Mercy Corps.

McKenna said, “A perfect storm is leading to heightened global food insecurity, worse, much worse than the previous food crises over the past decade.” She cited the Covid-19 pandemic and climate change as factors sharpening the current food insecurity.

Beasley said food insecurity had already begun to rise sharply before the war. He said 135 million people were acutely food-insecure before the onset of the pandemic. “Covid comes along and that number went from 135 million to 276 million people marching toward starvation.”

Adesina emphasized that the African Development Bank’s food production plan would foster the production of nutritious food rather than simply calories. “One of the things we will be supporting through this emergency food production plan is bio-fortified foods. Sorghum fortified with iron. Nutritional supplementation is important,” he said

The Bank president said the Bank was setting up meetings with international fertilizer companies to discuss ways to ensure that African farmers continued to have access to such inputs. “If we don’t solve the fertilizer problem, we cannot solve the food problem.

According to Adesina, the Africa Emergency Food Production Plan would have a long-term impact on Africa’s food productivity. The initiative will “drive the structural changes in agriculture, to unleash the full potential of Africa to become a breadbasket to the world,” he said.

Previous Post

Mozambique Police Chief Visits Rwanda Security Forces In Chai – Macomia District

Next Post

Does Ethiopia Have Any Secret Hidden To The World?

Staff Writer

Staff Writer

Related Posts

African Management Institute Recognises Rwandan Entrepreneurs For Their Resilience During Covid-19
Business

African Management Institute Recognises Rwandan Entrepreneurs For Their Resilience During Covid-19

by Staff Writer
May 19, 2022
Government Will Not Adjust Salaries Despite Price Increases- PM
Business

Government Will Not Adjust Salaries Despite Price Increases- PM

by Staff Writer
May 19, 2022
MTN Rwanda Announces Proposed Rwf 6.7B In Dividends To Shareholders
Business

MTN Rwanda Announces Proposed Rwf 6.7B In Dividends To Shareholders

by Staff Writer
May 16, 2022
Next Post
Does Ethiopia Have Any Secret Hidden To The World?

Does Ethiopia Have Any Secret Hidden To The World?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest news

African Management Institute Recognises Rwandan Entrepreneurs For Their Resilience During Covid-19

African Management Institute Recognises Rwandan Entrepreneurs For Their Resilience During Covid-19

May 19, 2022
Government Will Not Adjust Salaries Despite Price Increases- PM

Government Will Not Adjust Salaries Despite Price Increases- PM

May 19, 2022
American Tech Firm To Deploy Solar-powered Network Base Stations In Rwanda

American Tech Firm To Deploy Solar-powered Network Base Stations In Rwanda

May 19, 2022

Trending

  • Gorilla Games Launches Casino And Sportsbook Android Applications

    Gorilla Games Launches Casino And Sportsbook Android Applications

    108 shares
    Share 43 Tweet 27
  • RIB Arrests Goons That Assaulted A Man On Street

    185 shares
    Share 74 Tweet 46
  • Does Ethiopia Have Any Secret Hidden To The World?

    8 shares
    Share 3 Tweet 2
  • Mozambique Police Chief Visits Rwanda Security Forces In Chai – Macomia District

    8 shares
    Share 3 Tweet 2
  • Teta Gisa Rwigema Weds At Colourful Ceremony

    8 shares
    Share 3 Tweet 2
Taarifa Rwanda

Taarifa is a Rwandan News Platform telling true stories by delivery quick, in-depth and exclusive news on Social, Political, and Economic issues.

Contact us

Email:info@taarifa.rw or taarifarwanda@gmail.com

Call:+250788316164

WhatsApp:+25078457033

In other Languages

– Kinyarwanda
– Francais

© 2022 Copywright

No Result
View All Result
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report

© 2022 Copywright

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?