Browsing: Dr Akinwumi A. Adesina

African food imports have risen in the last few decades, reaching nearly US$35 billion a year, according to the World Bank. Most imported goods could be made in Africa, creating much-needed jobs in the process.

It is with this knowledge that a coalition of multilateral development banks and development partners has pledged more than US$17 billion in finance to combat rising hunger in Africa and improve food security. This funding was pledged on the final day of the Feeding Africa: Leadership to Scale Up Successful Innovations on April 29-30, 2021.

The two-day high-level debate was held in conjunction with the CGIAR System Organization and the Forum for Agricultural Research in Africa (FARA), the AfDB and the UN’s International Fund for Agricultural Development (IFAD).

Africa is expected to recover from its worst recession in half a century and reach 3.4 per cent growth in 2021.
This growth which is expected to defy the effects of increasing debt burden and the Covid-19 pandemic does not however promise to wipe out poverty but instead an estimated 39 million more Africans could possibly slip into extreme poverty this year in addition to the about 30 million who were pushed into extreme poverty in 2020 as a result of the pandemic.