Africa needs $1 billion to break dependence on wheat imports

Published 2022년 3월 16일

Tridge summary

The African Development Bank (ADB), led by Akinwumi Adesina, is spearheading a regional agricultural development program to combat wheat import dependency and avert a potential food crisis arising from the Ukraine conflict. The initiative aims to boost the production of key crops like wheat, rice, and soybeans across the continent, with a focus on introducing climate-resilient technologies to support 40 million African farmers. Adesina is planning a meeting to secure program funding and is also accelerating the completion of 42 infrastructure deals worth over $58 billion. These efforts are designed to enhance intra-African trade, mitigating the impact of the disrupted grain supplies from Russia and Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

African countries will have to spend $1 billion on a regional agricultural development program to overcome dependence on wheat imports, as well as avoid a possible food crisis due to the situation in Ukraine. This opinion, as reported on Wednesday by the Ash-Sharq TV channel, was expressed by the head of the African Development Bank (ADB), Akinwumi Adesina. The program, which is being developed by ADB, will be aimed at increasing the production of wheat, rice, soybeans and other crops in the countries of the continent as soon as possible. Adesina said ADB is seeking funds to introduce climate-resilient technologies so that 40 million African farmers can increase production of drought-tolerant wheat varieties. Adesina also intends to hold a meeting of African ministers of finance and agriculture to discuss funding for the program. “We are going to seriously step up our efforts to raise this money,” Adesina said. “If ever there was a time when we needed to really ...

Source: Milknews