Delegates from across the globe have converged in Dakar, Senegal, for a landmark conference on agriculture that promises to yield one of the boldest initiatives ever taken on Africa’s development.
Some 400 participants including Finance, Planning, Economy, Agriculture, Rural Development, Trade and Industry Ministers as well as Central Bank Governors are joining business leaders, academia, investment agencies, civil society and global experts in Dakar from October 21-23, to discuss the future of Africa’s agriculture.
The conference on “Feeding Africa” is jointly organized by the African Development Bank (AfDB) and the Government of Senegal. Participants will review the key challenges to Africa’s agricultural transformation, articulated by AfDB President Akinwumi Adesina as a key priority for reducing poverty and hunger as well as for spurring growth and creating jobs on the continent
He welcomed everyone to the conference while thanking the president of Senegal, President Macky Sall for his outstanding leadership and support for major developmental issues in Africa. He also congratulated Senegal and its entire citizenry for her successful election into the United Nations Security Council.
He also expressed his delight at the presence of the Presidents of Benin, Ghana and the Prime Minister of the Democratic Republic of Congo (DRC).
He also hinted the assembly about the bank’s plans to work with other partners to establish a $300 million facility for Affirmative Finance Action for Women in Africa – which will be used to deploy risk sharing instruments for leveraging $3 billion in commercial financing and financing from microfinance intuitions to women and women-owned businesses.
On the transformation of agriculture on the continent, he stated that, “We must achieve four major goals for Africa as we drive agricultural transformation and agro-allied industrialization across Africa. Some may think of them as ambitious. I agree. But we must never have low aspirations for Africa!, Collectively, our goals, within ten years, must be to:
- Eliminate extreme poverty in Africa;
- End hunger and malnutrition in Africa;
- Turn Africa into a net food exporter; and
- Move Africa to the top of the global value chains”.
Further information on the gathering can be gotten here