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AfDB Approves $1.5bn Fund to Avert Food Crisis in Africa

The African Development Bank (AfDB) has approved the sum of $1.5 billion to support African countries to avert an impending food crisis on the continent as a result of the Russia-Ukraine war.

Dr. Akinwumi Adesina, President of the African Development Bank Group 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…”

According to the Bank, the $1.5 billion strategy 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.

Dr. Beth Dunford, the African Development Bank’s Vice President for Agriculture, Human and Social Development, said: “The Africa Emergency Food Production Facility builds on lessons learned from the African Development 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.”

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