On Monday, in Rome, a historic alliance was sealed between both institutions, Jose Graziano da Silva (head of FAO) and Akinwumi Adesina (president of AfDB) to mobilize $ 100 million over the next five years to end hunger and malnutrition and increase prosperity in Africa.
With these funds, important investments will be made in food security, nutrition, social protection, agriculture, forestry, fisheries and rural development.
For Adesina, this agreement marks a turning point in relations between the AfDB and FAO. "This agreement reflects our shared commitment to accelerate the delivery of high-quality programs and increase investment in public-private partnerships in the agricultural sector in Africa, which will help us turn agriculture into businesses," he said.
For Jose Graziano da Silva, "quarrying investments in agriculture, including those in the private sector, is essential for lifting millions of people out of hunger and poverty in Africa and ensuring sufficient food production for all and creating enough rural jobs ".
In Togo, for example, the group of AfDB has just granted 16.63 billion CFA francs for the agri-food processing project (PTA-Togo).