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The African Development Bank is set to assist 40 million farmers across Africa to grow and harvest wheat independently. Photo: Supplied/FoodForAfrika.com

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    The upcoming Senegal summit is a follow-up to the 2015 inaugural edition during which the “Feed Africa” strategy for Agricultural Transformation (2016-2025) in Africa was proposed. Photo: Supplied/FoodForAfrika.com

    Food production summit to open in Senegal

    Tomato losses: Solar-powered cold storage technology is of prime significance in Africa’s efforts to cut post-harvest tomato losses and attain food security, as outlined in the African Union Malabo Declaration. Photo: Supplied/FoodForAfrika.com

    Tanzania’s tomato harvest goes to waste

    Contextually, an average cow yields about 10 kilograms of dung per day, which corresponds to 1 000 litre biogas, equivalent to 2.14 kWh (electricity) while 1 000 litres of biomethane equals 10 kWh. Photo: Supplied/FoodForAfrika.com

    Biogas: ‘Cow dung can keep the lights on in SA’

    The Maputo Port is one of a number of harbours on the continent undergoing a changes to ready it for expansion. Photo: Wikicommons Media/Supplied

    ‘Ports race’ in Africa cuts both ways

    Mohamed Dhicis (19) started a beekeeping business in his hometown of Belet Weyne, in central Somalia. He is supported by an entrepreneurship develop programme of the United Nations Industrial Development Organization (UNIDO) in collaboration with the Somali Ministry of Commerce and Industries. Photo: Supplied/United Nations

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    “EOS_SAT-1 is already fueled, configured for launch and integrated onto the upper stage of the rocket, waiting for the last remaining thing ¬– launch.” This notice and picture was posted on the Twitter page of aerospace start-up Dragonfly Aerospace. Photo: Twitter

    African agri satellite a world first

    Women attend a UNFPA-supported integrated community health outreach session on prevention and response to gender-based violence. Lokapararai village, Turkana county, Kenya. Photo: Supplied/UNFPA Kenya

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    Child labour has increased exponentially over the course of the past four years, according to UNICEF and ILO. Photo: Wikkimedia Commons

    ‘Children exploited’ on Malawi tobacco farms

    5 ways tech is transforming agrifood systems

    5 ways tech is transforming agrifood systems

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    The upcoming Senegal summit is a follow-up to the 2015 inaugural edition during which the “Feed Africa” strategy for Agricultural Transformation (2016-2025) in Africa was proposed. Photo: Supplied/FoodForAfrika.com

    Food production summit to open in Senegal

    Tomato losses: Solar-powered cold storage technology is of prime significance in Africa’s efforts to cut post-harvest tomato losses and attain food security, as outlined in the African Union Malabo Declaration. Photo: Supplied/FoodForAfrika.com

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    “EOS_SAT-1 is already fueled, configured for launch and integrated onto the upper stage of the rocket, waiting for the last remaining thing ¬– launch.” This notice and picture was posted on the Twitter page of aerospace start-up Dragonfly Aerospace. Photo: Twitter

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African Development Bank plans to wean continent off Russian wheat

‘If there was ever a time that we needed to really drastically raise food production in Africa, for Africa’s food security and to mitigate the impact of this food crisis arising from this war, it is now,’ says AfDB president Akinwumi Adesina

by Lucinda Dordley
21 Mar 2022
in Agri News
Reading Time: 3 mins read
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The African Development Bank is set to assist 40 million farmers across Africa to grow and harvest wheat independently. Photo: Supplied/FoodForAfrika.com

The African Development Bank is set to assist 40 million farmers across Africa to grow and harvest wheat independently. Photo: Supplied/FoodForAfrika.com

Africa must be weaned off the need for Russian wheat, believes the African Development Bank (AfDB) who has announced plans to raise $1 billion to achieve this goal. This, as global wheat giant Russia continues its war on Ukraine.
 
The AfDB says its fundraising mission will accelerate the growth of heat-tolerant wheat varieties on the continent by making use of climate-resilient technologies.
 
Currently, wheat comprises the majority of Africa’s imports from Russia, at 90%. Trade with Ukraine amounts to a total of $4.5 billion per annum.
 
The bank plans to assist 40 million farmers across Africa to grow and harvest wheat independently, but a challenge is presented when one looks at the impact that climate change has had on the continent’s food systems.

African Development Bank president Dr Akinwumi A. Adesina. Photo: Supplied/Food For Afrika
African Development Bank president Dr Akinwumi A. Adesina. Photo: Supplied/Food For Afrika

‘The time is now’

Dr Akinwumi Adesina, president of the AfDB, says that efforts are going to be made to “mobilise that money”.
 
“If there was ever a time that we needed to really drastically raise food production in Africa, for Africa’s food security and to mitigate the impact of this food crisis arising from this war, it is now,” he says to Bloomberg.

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Russia has been hit by sanctions as a result of the war, and this has impacted wheat shipments from the country along to its usual trade routes.

Many countries may now face hunger crises because of this, as Russia and Ukraine combined account for more than a quarter of the world’s wheat exports.
 
Before the war started, a total of 283 million Africans were dealing with hunger and malnourishment. Its onset has only exacerbated this situation.

Becoming more self-sufficient

The United Nations Food and Agriculture Organization has also warned that food costs may surge by another 22% as the war continues.
 
New climate-smart methods in Ethiopia have already allowed the country to increase its wheat production, and according to Adesina, it can now expect to be self-sufficient. Surplus stores will be sent to countries such as Egypt, which is the world’s top wheat importer.
 
The AfDB aims to focus on the production of rice and soybeans along with wheat, and the plan is predicted to feed up to 200 million Africans. Adesina will be meeting with various ministers of agriculture and finance across the continent to discuss the funding for the plan.
 
Furthermore, the AfDB will also be accelerating the closure of 42 financial deals, which have a total value of $58 billion. This includes, among others, a $3.2 billion deal on the East African railway project that will link Tanzania to mining hubs in Burundi and the Democratic Republic of the Congo.
 
Another deal includes a $15 billion road corridor linking Nigeria’s Lagos city to Abidjan on the Ivory Coast.
 
“We want to help to reverse some of the decline in investment that happened as a result of Covid-19,” Adesina adds. “Project finance declined by about 49%, which impacted infrastructure.”
 
He adds that the African Import-Export Bank is also currently working on a system that will enable the transfer of funds between different African countries in real time, allowing for independence from American and European banks. This is predicted to save the continent a total of $5 billion in transfer costs.
 
“We have no option but to make the AfCFTA (African Continental Free Trade Area) work and to make it work faster,” Adesina concludes.

ALSO READ: Mozambique receives $47 million grant from AfDB

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Tags: African Development BankEast AfricaRussia wheat
Lucinda Dordley

Lucinda Dordley

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The upcoming Senegal summit is a follow-up to the 2015 inaugural edition during which the “Feed Africa” strategy for Agricultural Transformation (2016-2025) in Africa was proposed. Photo: Supplied/FoodForAfrika.com
Agri News

Food production summit to open in Senegal

by Staff Reporter
18 Jan 2023
0

African heads of state and government together with development partners will gather in Senegal to strategically map plans to unlock...

Read more
Tomato losses: Solar-powered cold storage technology is of prime significance in Africa’s efforts to cut post-harvest tomato losses and attain food security, as outlined in the African Union Malabo Declaration. Photo: Supplied/FoodForAfrika.com

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Namibia's Popular Democratic Movement party has tabled a motion of insurance for farmers, that will compensate for the loss of livestock due to conflict with wildlife. Photo: Supplied/Food For Mzansi

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