Category: Agri Business

  • Investing in Africa Conference & Expo 2023 Gets Set

    Investing in Africa Conference & Expo 2023 Gets Set

    Now in its 10th year, AFSIC – Investing in Africa is set to host another world-class gathering of Africa-focused businesses, dealmakers and investors to discover and execute investment deals, network and share insights in London on 9-10th October 2023.

    IFC, Accion, Verdant Capital, RMB, Old Mutual, Citibank and more than 120 speakers are confirmed to present exceptional content in a highly structured, multi-stream programme which includes focused sessions on Banking, Informed Investing, Building, Fintech Innovation, Sustainable Growth, Agriculture and Power.

    The highly popular country investment summits led by in-country experts facilitate deep dives into specific African countries to explore and debate local issues and investment opportunities with interactive Q & A sessions.

    Underpinned by the Award-Winning AFSIC African Investments Dashboard, the expanded Quickfire sessions and investor networking sessions will showcase a wide range of African start-ups, growth companies and Africa-focused funds that are seeking capital, for a variety of different projects from zero emissions logistics solutions to secure payments systems to SME-target funds. Quickfire presenters benefit from a range of promotional opportunities across the group’s investor network in the lead up to AFSIC.

    British International Investment, Executives in Africa and FSD Africa head up an impressive group of loyal sponsors and partners with 27Four, Ebury, Mitco and Bank One welcomed as new sponsors for 2023. These sponsors exemplify African expertise in investment, financial services and human resources and will share key insights into the African investment ecosystem.

    The beating heart of physical events is physical networking which at AFSIC is driven by highly interactive sessions, panel debates, B2B meetings via the Event App and social functions.

    Don’t miss out on networking at the leading gathering of Africa-focused investors. Listen, learn and debate at presentations, country summits, quickfire pitch sessions, networking sessions, informal chats and social events – all making AFSIC 2023 an unmissable opportunity.

    AFSIC 2023 www.afsic.net

  • Côte d’Ivoire: Gninlnagnon Koné dreams of supplanting the leading players in food supplements in Côte d’Ivoire with his Chérubins baby formula

    Côte d’Ivoire: Gninlnagnon Koné dreams of supplanting the leading players in food supplements in Côte d’Ivoire with his Chérubins baby formula

    Cherubins formula is made from brown or black rice, which is high in fibre and also an excellent antioxidant
    ABIDJAN, Ivory Coast, May 10, 2023/ — Even as a child, Gninlnagnon Koné , a young man from Katiola in north central Côte d’Ivoire, liked to follow his parents, who grew tubers and maize, to their farm.

    Today, an engineer in agricultural business management, he says, “When I became an engineer, I realised that our agricultural producers still face the same difficulties with processing their products. People work hard but ultimately their products are undervalued and sell poorly. It made me want to change things. I decided to process these products to create added value and give farmers the chance to live a better life from the fruits of their labour,” he explains.

    He too tried hard to set up an agricultural business without success. That is, until he encountered the Enable Youth Côte d’Ivoire project.

    “My sole idea in coming to the Higher School of Agronomy (ESA) in Yamoussoukro, the country’s political capital, was to get access to tools that would enable me to become a real agricultural entrepreneur as I’ve always dreamed,” he says, standing in front of a machine that roasts tiger nuts and maize.

    Koné’s food supplement for babies—named Cherubins— is a formula based on rice and tiger nuts. It also contains agricultural ingredients that set it apart from other food supplements available in Côte d’Ivoire, a market dominated by major brands, as Koné – good salesman that he is – hastens to add.

    “The product is a fortified infant formula, made with 100% highly nutritious local agricultural products. It complies with all World Health Organization (WHO) standards in terms of infant nutrition. And it’s identical to all the imported infant formulas that flood our markets,” he explains.

    “It’s an alternative we’re offering to mums to ensure that children transition safely from breastmilk to solid food,” adds Koné.

    Packed in 200g bags and then into attractive little blue boxes decorated with tiger nuts and grains of rice, Cherubins formula is made from brown or black rice, which is high in fibre and also an excellent antioxidant.

    The rice is combined with other locally produced cereals, such as tiger nuts and soya. This adds lipids, proteins and carbohydrates, he explains.

    “We also add mineral and vitamin supplements derived from other local products, such as roselle, moringa, carrot, mango and sometimes ginger to give the formula – which tastes amazing – a special flavour,” Koné adds.

    “We researched the market for infant formulas and developed a strategy to enable us to penetrate the market by meeting consumer expectations. We’re now ready to tackle it, with a well-honed strategy, solid market research and a number of test products. It all points to our being able to compete with the products already on the market,” he explains.

    Set up by the government of Côte d’Ivoire with funding from the African Development Bank, the Enable Youth project is a national programme that seeks to attract young people into the agricultural sector. Its primary aim is to support young graduates to create businesses all along the agricultural value chain.

    As well as offering a six-month training course, the project will provide partial funding for 20 young entrepreneurs to set up their businesses.

    Subsistence agriculture plays an important role in the economy of Côte d’Ivoire, the world’s leading cocoa producer. The authorities now want to see agricultural products processed locally to create added value for the country’s economy which, with over 7% annual growth since 2013 – excluding the Covid-19 years – remains one of the world’s most dynamic economies.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    SOURCE
    African Development Bank Group (AfDB)

  • Cake developing semi-autonomous electric ATV for sustainable farming

    By Paul Ridden

    December 14, 2022

    Swedish electric moto maker Cake is aiming to help clean up large-scale farming operations by replacing polluting machinery with the Kibb, an electric four-wheeler that can ride like an all-terrain vehicle or serve as an autonomous cargo hauler.

    “Sustainable and responsible farming is vital for healthy ecosystems and we are aiming to make Kibb the number one tool for all future farmers,” said company CEO, Stefan Ytterborn.

    The Kibb concept is inspired by a Masters thesis from transportation designer Fanny Jonsson, who interned with Cake earlier this year and has since been brought onboard to help take the project into production.

    It’s name comes from the word for an ox in Gutniska – an ancient language from the island of Gotland in Sweden – “representing the strength combined with gentleness and positive impact for biodiversity.” When a worker needs to zip quietly and cleanly around the farm, a short seat is strapped onto the sturdy top bar and adjusted to fit in a similar fashion to the company’s Ösa utility e-moto, and a motorcycle-like handlebar is mounted up front. The rider’s feet rest on capable-looking plates on each side of the chassis.

    It’s too early for actual specs to be released, but it looks like the rear-wheel-drive Kibb can accommodate up to three removable battery packs, there’s integrated lighting for around-the-clock operation potential, plus coil suspension front and back to smooth out the terrain, stopping power comes from disc braking on each wheel, and the chassis includes small pull-out drawers on each side to the front.

    Cake hasn’t yet detailed onboard sensors, but does say that an autonomous mode will be available to assist workers in the field, haul gear and cargo from A to B or tow equipment such as a planter powered by the Kibb’s battery bank.

    Aimed at supporting organic, permaculture and regenerative agriculture operations, Cake is planning to get the Kibb semi-autonomous electric ATV into production by 2025.

    Source: Cake

     

  • H.E. Amadou Allahoury Diallo grants Sarki Pro-Umar Tanko Audience in Niamey

    H.E. Amadou Allahoury Diallo grants Sarki Pro-Umar Tanko Audience in Niamey

    Report: Mohammed Abu

    The Special Ministerial Advisor to the H.E., President Bazoum and coordinator of the Agro-industrial Poles Programme, H.E. Mr. Amadou Allahoury Diallo, last week  granted Sarki Pro-Umar Tanko,the Bonkuano of the Greater Accra Zarma Community, Ghana audience  in Niamey.

    Welcoming Sarki Tanko, H.E., Mr. Diallo briefly  recounted his service at the Food and Agricultural Organization(FAO) in Ghana several decades ago.

    Sarki Tanko while appreciating the warm reception accorded him, also disclosed to the H.E. Mr. Diallo, his personal extra  endeavors towards wooing other  potential   investors with interest in the government’s Agro-industrial Pole creation Programme.He also added, that  he would accordingly  update H.E., in event of any expression of interest on the part of any investor(s) to embark on an exploratory visit to Niamey.

    The government of Niger has since adopted various measures aimed at  unlocking  the full potential of the country’s huge agriculture potential to the benefit of the gross national economy.

    Under the  government’s   economic rebirth agenda, it is focused on  scaling up rain-fed dependent driven small holder production while also promoting  irrigation-fed commercial production and  agro-processing for exports.

    Sarki Tanko also mentioned to  H.E.Mr. Diallo, about his post UE-Niger Business Forum survey of some Nigerien rural communities in other to explore investment opportunities they also offer but often over looked by the average  investor.

     

  • Africa Must end Hunger and Food Insecurity!!!

    Africa Must end Hunger and Food Insecurity!!!

    Editor’s Pick

    Indeed, the continuous lack of food production self-sufficiency and the increasing food import dependency in many African countries to supplement domestic production shortfalls amidst big agriculture resources potential, is worrisome.

    Africa as a continent has all it takes to be self-sufficient in crops, aquaculture, mariculture, livestock and poultry production. The continent’s world’s food basket status potential is therefore not in the least dispute.

    With over 60 percent of global total arable land potential, more than enough marine, fresh and ground water resources, Africa has no excuse to feel threatened with food insecurity as a result of geopolitical tensions in other parts of the world.

    The importance and relevance of the recently ended Feed Africa Summit held by the Senegalese government in collaboration with the African Development Bank(AfDB), can therefore be best appreciated against this background.

    In this light, we at the Ecoenvironews Africa magazine do take special note of the AfDB’s pragmatic action of committing USD10 billion to agriculture and rolling out transformative initiatives, including a $1.5 billion emergency food production facility in 2022 to help African countries avert a potential food crisis following Russia’s war in Ukraine.

    The bank’s President Adesina call on more than 34 heads of states,70 government ministers, the private sector, farmers, development partners, and corporate executives to work out compacts that would deliver food and agriculture transformation at scale across Africa was on point.

    For us at the Eco-environews, Africa, we wish to add that, the collective action must be driven by purposely crafted Strategic Action Plans spelling out realistically achievable set goals and targets with time lines and religiously work to achieve them so as to unlock the continent’s potential to become a global food breadbasket.

    We also believe that Africans generally need mindset and attitudinal change in how we deal with this most important issue of agriculture. We ought to re-define and appreciate agriculture as a science and business and not simply as a mere source of livelihood.

    The minds of African youth in some countries, ought to be cleared of the mental and psychological effect of agriculture being presented as an option for school drop-outs.

    Africa must take maximum of her most youthful continent in the world status to unleash a dawn of African agripreneurs. Such youthful entrepreneurs who are in gainful self-employment, would also, as employers, be contributing their quota towards addressing the ballooning youth unemployment scourge.

    Predominantly rain-fed and Small-farmer holder driven agriculture production and productivity in many African countries also ought to change for the better.

    Small holder farming activities must go alongside irrigation-fed modern commercial farming production if Africa is to achieve local food self-sufficiency and to produce more for the international market.  The decades long major challenge of lack of easy access to capital at affordable cost, as well as, high yield quality seeds, high cost of basic inputs including agro-chemicals too need special attention.

    President Muhammadu Buhari of Nigeria’s call on African countries to offer more robust support for farmers, dedicate a chunk of the national budget to agriculture, and motivate youth and women to farm was spot on.

    We believe that for the special agro-industrial processing zones being rolled out by the AfDB to be sustainable, beefing up the production value chains in primary agriculture sector would require stepping up irrigation-fed and modernized commercial scale agricultural production and productivity

     

  • Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

    Feed Africa Summit: African Development Bank to commit $10 billion to make continent the breadbasket of the world

    Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself
    DAKAR, Senegal, January 26, 2023/ — The African Development Bank Group (www.AfDB.org), will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of the Senegalese capital of Dakar.

    Adesina called on more than 34 heads of state, 70 government ministers, the private sector, farmers, development partners, and corporate executives to work out compacts that would deliver food and agriculture transformation at scale across Africa. He encouraged them to take collective action to unlock the continent’s agricultural potential to become a global breadbasket.

    The Dakar 2 summit — under the theme Feed Africa: food sovereignty and resilience — takes place amid supply chain disruptions caused by the Covid-19 pandemic, climate change, Russia’s invasion of Ukraine. More than a thousand delegates and dignitaries attended, including the President of Ireland Michael D. Higgins.

    The Government of Senegal and the African Development Bank Group are co-hosting the summit, eight years after the inaugural Dakar 1 summit where the newly elected Adesina announced the Bank’s Feed Africa strategy.

    Opening the summit, President Sall — who is also the African Union chairperson — said the time had come for the continent to feed itself by adding value and stepping up the use of technology.

    Sall said: “From the farm to the plate, we need full food sovereignty, and we must increase land under cultivation and market access to enhance cross-border trade.”

    The Chairperson of the African Union Commission Moussa Faki Mahamat said the Dakar summit was timely and would provide innovative solutions to help Africa become less dependent on food imports.

    “Food sovereignty should be our new weapon of freedom,” Mahamat told the gathering. He urged development partners to work together within existing structures, such as Agenda 2063 and the African Continental Free Trade Area, for sustainable transformation.

    Mahamat commended the African Development Bank for rolling out transformative initiatives, including a $1.5 billion emergency food production facility in 2022 to help African countries avert a potential food crisis following Russia’s war in Ukraine.

    The President of Kenya, William Ruto, said, “It is a shame that 60 years after independence, we are gathered to talk about feeding ourselves. We can and we must do better.”The African Development Bank Group chief said: “Today over 283 million Africans go to bed hungry every day. This is not acceptable. No mother should ever have to struggle with rumbling of the stomach of a hungry child.”

    “We must raise the bar. We must raise our ambition. We must arise and say to ourselves: it is time to feed Africa. The timing is right, and the moment is now. Feed Africa; we must,” said Adesina.

    The bank head urged the leaders to turn political will into decisive actions to deliver food security for Africa, “We must strongly support farmers, especially smallholder farmers, majority of whom are women, and get more young people into agriculture. And we must take agriculture as a business, not a development activity, and boost support to the private sector.”

    President Higgins of Ireland said with Africa’s young population accounting for about 20% of the world’s young people, the continent had great potential. He said the rest of the world would look up to it in the future.

    “Let us make this century Africa’s Century, one which will see the continent become free from hunger,” Higgins said.

    In his message to the summit, United Nations Secretary-General Antonio Guterres acknowledged that Africa was currently facing the challenges of climate change and food insecurity, as the Russia-Ukraine war had caused the price of fertilizers to shoot up and made their supply difficult.

    He pledged the UN’s support to help Africa become a global food powerhouse.

    President Muhammadu Buhari of Nigeria said countries must offer more robust support for farmers, dedicate a chunk of the national budget to agriculture, and motivate youth and women to farm.

    Buhari said: “Feeding Africa is imperative. We must ensure we feed ourselves today, tomorrow, and well into the future.”

    The Nigerian president commended Dr. Adesina and the African Development Bank for rolling out special agro-industrial processing zones across the continent, including in Nigeria.

    He said: “Special agro-industrial processing zones are game changers for the structural development of the agriculture sectors. They will help us generate wealth, develop integrated infrastructure around special agro-processing zones, and add value.”

    During the three-day summit, private sector players are expected to commit to national food and agriculture delivery compacts, to drive policies, create structural reforms, and attract private sector investment.

    Central bank governors and finance ministers are expected to develop financing arrangements to implement the food and agriculture delivery compacts, in conjunction with agriculture ministers, private sector players, commercial banks, financial institutions, and multilateral partners and organisations

    Contact:
    Kwasi Kpodo
    media@afdb.org

    For more information: www.AfDB.org

    SOURCE
    African Development Bank Group (AfDB)

    Distributed by:APO Group

     

  • Graduate Mentorship Coaching Programme,4th Cohort Gets Set

    Graduate Mentorship Coaching Programme,4th Cohort Gets Set

    …….As 40 Africans from 15 African Countries Enrolled!!!

    Story: Mohammed Abu

    The Africa Graduate Mentorship and Coaching Programme (AGMCP), which is facilitated by the Interconnections for Making Africa Great Empowered and Sustainable (IMAGES) Initiative, has enrolled 40 Africans from 15 countries into the mentorship and coaching programme for the 4th cohort, according to a Press Release issued in Ibadan, on Tuesday.

    “Interested organizations working on agriculture and food systems in Africa may contact us for mutually-rewarding partnership to develop the capacity of the mentees”, said, Dr Olawale Olayide the President of IMAGES while also adding, “Please join us to congratulate the mentees, and wish them a successful Fellowship Year”.

    The mentees, the Release said, are in three categories namely, Master, Doctoral and Post-doctoral, representing the five economic regions and countries of the continent.

    For the North Africa region, the release added, the beneficiary country is, Algeria, for Central Africa region, Cameroon and Democratic Republic of Congo, for Western Africa region, Benin, Ghana, Niger and Nigeria and while for Southern Africa region, Malawi, South Africa and Zimbabwe were the beneficiary countries.

    The AGMCP Fellowship Year runs from January to December. The 40 mentees will be assigned to renowned mentors, and will conduct research and capacity development training on the Sustainable African Food Systems.

  • Brastorne Connects the Unconnected in Africa

    Brastorne Connects the Unconnected in Africa

     

    Brastorne has implemented disruptive solutions to dissolve the barriers to digital inclusion in Africa
    GABORONE, Botswana, December 6, 2022/ — The Challenge

    More and more aspects of modern life have moved online. Access to information, economic opportunities, and how we interact with our social circles are all reliant on access to the internet. Access to this near-limitless online world leads to empowerment for those with ready access. However, digital inclusion is not universal and a growing digital divide is excluding entire segments of our society from the potentially limitless benefits.

    This is certainly the case in Africa, where 650 million of the continent’s one billion people own mobile phones, but the majority lack meaningful digital access. There are a startling 760 million unconnected people in Africa. Economic realities are driving this digital divide. Africans use feature phones in large numbers, leaving only a few people who have both smartphones and the data plans required to be online. When they have a smartphone, digital access comes at a crippling cost. One gigabyte of mobile data costs an average of $6.44 in Africa, which is equivalent to a week’s wages for the majority of the continent’s rural poor. There are many efforts globally to promote digital inclusion, but Africa is still left behind. Brastorne acknowledges these realities and has implemented disruptive solutions to dissolve the barriers to digital inclusion in Africa.

    The Solution

    Brastorne is dedicated to connecting the 760 million Africans who currently lack meaningful access to the digital world. Using existing infrastructure, standard telco networks, Brastorne’s technology turns the continent’s ubiquitous feature phones into internet portals for less than $0.05 per day. For these feature phone users, Brastorne’s solutions provide an experience similar to that of a smartphone mobile app. This is accomplished through a suite of technology solutions including USSD, IVR, or Voice to promote digital inclusion through Brastorne’s applications Mpotsa, mAgri and Vuka.

    Mpotsa, which translates to “ask me how?” in English, is a two-way telephone-based question/answer platform that aims to provide users with information on almost anything. It provides information to users by acting as a Google-like service that uses the user-friendly technology of Voice/IVR. Farmers use mAgri to access advisory services, wikipedia, weather/pest alerts, crop prices, and financial services, as well as trade, chat, and email in their native language. Vuka facilitates and accelerates convenient communication through USSD, allowing users to chat, send in-person messages, or broadcast messages on both low-end phones and smartphones. These solutions empower numerous communities that rely on feature phones by giving them access to essential information such as employment opportunities, health advice, and legal services.

    The Impact

    Brastorne has brought the power of the internet to millions of people, improving their lives. Through Brastorne’s flagship product Smallholder Farmers experience increased access to communications  and  Women Smallholder Farmers see increased Crop Yield and increased revenue. In 2021, 36 000 farmers gained access to information, markets, & communication in Botswana through mAgri. Furthermore Brastorne users realized 85% Monthly Savings in costs of information and communication access compared to alternatives (data bundles, physical travel costs etc), which can cost $15+/month. Brastorne users in total have realized $3.4 million total annual savings across all 60,000 subscribers in 2021. These savings can now be put to use to improve their farm, feed their families, or buy much-needed personal items.

    Brastorne’s information access service Mpotsa has brought the power of the internet to new users, giving them increased access to information, medical treatment, COVID vaccinations, and access to jobs. The service is a literal lifeline with an estimated 60% of Mpotsa subscribers who cannot otherwise afford digital information. In 2021, Mpotsa connected 25,231 total youth, over 15,000 of whom would otherwise have remained unconnected. This resulted in $60,554 total information access cost savings.

    The Future

    With its mission of connecting 760 million Africans who lack meaningful access to today’s digital world, Brastorne plans to expand its solutions to 19 different African countries. Brastorne is currently operational in Botswana, the Democratic Republic of the Congo, and most recently  Cameroon (https://bit.ly/3VBXhNM), having launched in October through partnerships with mobile network providers such as Orange. It plans to address the realities of Africa’s lack of connectivity by enabling digital inclusion and its dividends through mAgri and Vuka. Visit their website to learn more www.Brastorne.com

    Distributed by APO Group on behalf of Brastorne.

    SOURCE
    Brastorne

     

     

  • Greening the Desert through Organic Farming

    Greening the Desert through Organic Farming

    Upholding the legacy of UAE’s Founder,

    Emirates Bio Farm Leads the Charge

    By: Mohammed Abu

    The good memoirs of late UAE’s Founder, H.R.H. Sheikh Zayed Al Nahayan, shall forever be cherished. Aside the historic Economic Diversification Plan that also ensured escapade from the resource curse, his passion and initiative for greening the country’s desert, protection and conservation of biodiversity in its ecosystem also deserves spectacular mention.

    To this end, the establishment of the Emirates Bio Farm(EBF), the largest organic farm in the UAE in 2016, built on the company’s founding principles of advocating for environmental protection, health and well-being of all UAE residents, was indeed one of the most glowing tributes ever paid to the Founder of the nation.

    “A guiding principle which embrace from the teachings of Sheikh Zayed Al Nahyan, the founding father of the UAE and an early champion of environmental protection” EBF eulogizes him.

    The mission of EBF is contributing to the establishment of a secure and sustainable food system that promotes healthy living and the protection of the environment while providing genuine, certified organic food to the market.

    EBF is relentlessly working towards protecting biodiversity and the environment through its organic farming practices, building and preserving arable soil which successfully produces over 60 varieties of products in the middle of the desert in Al Shuwaib, Al Ain.

    EBF uses sustainable methods such as crop rotation, companion planting and the use of natural pest repellents allows the company to grow chemical-free crops that offer a high-quality alternative to imported produce giving consumers a local and sustainable option that is healthier and better for the environment. All our organic products are handpicked where the items are getting from harvest to the market within 24 hours, in order to maintain product freshness and optimum nutrition level.

    A big part of the Emirates Bio Farm mission is not only to produce high quality organic local products of many varieties but to also educate the UAE population on how their food choices impact the environment. It has also chosen agri-tourism as our method of communicating our mission and educating people about the realities of food and the impact of our choices on the environment around us.

    EBF operate to increase overall output as an integrated farm; making organic food affordable and available to the local market driving it as a sustainable investment in the country’s future in order to reduce reliance on imported products.

    Granted the prime importance of the seeds in the primary production value chain, EBF is also growing a seed library where seeds are collected to be re-used; as that increases the seed independence of the company and others in the region.

    The EBF: Agro-tourist Destination of Choice

    For foreign UAE bound tourists, conference and other events attendees as well as UAE resident holiday makers who love nature, a weekend retreat to Emirates Bio Farm, Al-Shuwaib, Al Ain, guarantees an unforgettable real life experience.

    The welcoming ambiance of the serene desert environment and the organic farm ecosystem that also treats one to rich organic dishes served at the canteen produced from farm fresh vegetables, is worth experiencing.

     

  • Untitled post 1478
    Ghana: African Development Fund approves $27.9 million grant for Savannah Agriculture Value Chain Development Project (SADP)
    The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth

     

    ABIDJAN, Ivory Coast, November 23, 2022/ — The Board of Directors of the African Development (https://www.AfDB.org) Fund has approved a $27.9 million grant to Ghana for the development of agricultural value chains in the Savannah region. The grant will increase the climate-resilient production of maize, rice and soybean, support the poultry value chain, and generate employment for women and youth. It will increase the incomes of farmers and support household nutrition, especially in more vulnerable women-headed households.

    This would be achieved through the facilitation of private sector investment in sustainable value chains associated with commercial maize, soybean and rice production, with an integrated poultry value chain, which will primarily involve women and youth. The Savannah Agriculture Value Chain Development Project will be implemented by Ghana’s Ministry of Food and Agriculture from 2023 to 2027. Overall, the project will benefit at least 150, 000 people indirectly and 50,000 directly. It will add to the production of at least 8,000 hectares of new rice, maize and soybean, which will improve feed availability for the poultry industry.

    This grant aligns with the Bank’s medium-term development framework for 2022-2025, which seeks to provide conditions for the private sector to boost growth and create abundant employment opportunities, especially for the youth by transforming agriculture and industry. It is also aligned to the Bank’s priority area focusing on the development of agro-ecological zones, especially the Savannah regions of Africa and creating opportunities for the continent’s youth.

    The Bank’s Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, Marie-Laure Akin-Olugbade, said building local capacity, would help reduce imports and help Ghana to mitigate the negative impact of Russia’s invasion of Ukraine on global food systems. It would also alleviate the impact of climate change, in line with the Bank’s African Emergency Food Production Facility, she noted.

    “This builds on Bank’s earlier investments in the savannah areas of Ghana, putting 20,000 hectares of maize and soybean under production using conservation agriculture practices and technologies. This project has come at a time that Ghana seeks to enhance domestic production and reduce imports. These are the key objectives of Bank’s Feed Africa Strategy,” said Martin Fregene, the Bank’s Sector Director of Agriculture and Industry.

    The grant will support farmers with farm inputs to produce climate resilient rice, maize and soybean. It will also support the production of certified seeds by commercial farmers and work closely with the Savannah Agriculture Research Institute, to support smallholder farmers with equipment to improve planting and crop husbandry. This support will include the enforcement of community by-laws and promote the use of hybrid seeds, good agriculture practices and sound water, climate resilience and adaptation and integrated pest management.

    The project will also enhance the capacity of Micro and Small-sized Enterprises (SMEs) and offer skills development for youth and women through sustainable entrepreneurship and mentoring programs, especially in the poultry value chain.

    On the approval of the project, Eyerusalem Fasika, Ghana Country Manager of the African Development Bank said “the approval of this project is a significant addition to the Bank’s active agriculture portfolio in the country with immense potential to contribute to sustainable food systems in Ghana. Furthermore, the project’s approval is an opportune time for the Bank to support the Government in its efforts to produce enough basic commodities to meet food security challenges and support industrialization.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Contact:
    Amba Mpoke-Bigg
    Communication and External Relations Department
    email: media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org