AfDB and partners mobilise $30 billion for African farmers
Leaders who attended the event called on the African Union Commission and the AfDB to help mobilise more funding.
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Leaders who attended the event called on the African Union Commission and the AfDB to help mobilise more funding.
Riding on the renewed zeal to ramp up agriculture and agro investment, African Development Bank (AfDB) and International Fund for Agricultural Development (IFAD) have signed a new memorandum of understanding (MoU) to extend funding to 40 million farmers and double their productivity.
In the face of frightening data and prognosis, African leaders, yesterday, highlighted new possibilities, recreated success stories and made strong call-to-actions to deal with imminent famine, with emphasis on food sovereignty for Africa.
AfDB will commit $10 billion in the next five years in direct support for the food and agriculture programmes.
The Dakar 2 - Feed Africa Summit, co-hosted by the African Development Bank, will be outgoing African Union chairperson Macky Sall's last big continental gathering.