The African Development Bank and the International Fund for Agricultural Development (IFAD), the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, will work closely with African leaders to address rising hunger on the continent and shore up adequate financing to transform and modernize Africa’s food production.
They have pledged over $17 billion in financing to address rising hunger on the African continent, and to improve food security.
The impact of climate change, rising fragility and conflict, and locust invasions in East and Southern Africa is taking a toll on the continent.
A two-day high-level dialogue will focus on modernizing food production, making African agriculture more business oriented, and strengthening agriculture value chains.
Finding solutions will require strong backing from governments, development partners and the private sector.
The virtual event brought together government officials, heads of multilateral development banks, development partners, regional organizations, research institutions, business leaders, private sector operators, investment agencies, participants from academia, civil society organizations and experts from across Africa and beyond.
The dialogue is an opportunity to share achievements and lessons from across the African continent and accelerate agricultural transformation.
Across the continent, hunger poses an even greater risk than Covid-19. The number of people living with hunger increased from 214 million to 246 million between 2015 and 2020. Agricultural and agro-business related activities could provide employment opportunities for millions of young Africans, who account for 70% of the population.
