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The African Development Bank has approved a US$1.5 billion emergency food production facility for 20 million farmers on the continent, aimed at reducing the looming food crisis driven by Russia’s invasion of Ukraine.
The African Development Bank has approved a US$1.5 billion emergency food production facility for 20 million farmers on the continent, aimed at reducing the looming food crisis driven by Russia’s invasion of Ukraine.
The funding is meant to assist Africa to overcome a shortage of at least 30 million metric tonnes of food due to the disruption of global food supplies caused by the conflict in Europe, especially for wheat, maize, and soybeans imported from Russia and Ukraine.
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The facility was designed to boost the local production of cereals and oil grains as the most effective and efficient way to build resilience across Africa’s food systems.
