As the world grapples with the devastating effects of the Ukraine-Russia war on global food supplies, the African Development Bank (AfDB) and its partners have announced a bold plan to boost food production on the continent.
According to the AfDB, the continent's food production is expected to reach 38 million tonnes by the end of 2022, thanks to a $1.5 billion project aimed at supporting local farmers and securing alternative grain supply routes.
The project, which was launched this week, will see the AfDB release up to $1.5 billion to tackle the looming food crisis on the continent. The lender will raise $1.3 billion, with partners such as Canada and Germany helping to fill the gaps in the planned budget.
The money will be used to purchase certified seed, fertiliser, and better farming technology for 20 million farmers across the continent.
Canada has announced a $78 million contribution to the funding kitty, which will target small and medium enterprises involved in agribusiness, especially those founded and run by women.
Dr Akinwumi Adesina, president of the African Development Bank Group, said the lender was committed to ending the reliance on food aid and instead promoting local food production.
"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 said.
