"I am pleased to announce under the #YoungAfricaWorks program that we will be dedicating an additional $ 500 million, bringing our total commitment to the agriculture sector to $ 1 billion. Our goal is simple, to make visible the invisible, "said Reeta Roy, CEO of the Mastercard Foundation at the closing ceremony.
"The initiative will provide a significant capital injection to support the efforts of a new generation of young agribusiness entrepreneurs who are investing their talents in agriculture and other agriculture-related projects," said Dr. Owusu Afriyie Akoto Ghanaen minister of Agriculture.
The World Bank, for its part, plans to invest $ 50 billion in the transformation of the digital economy in Africa by 2030.
It announced the commitment to use part of this amount to advance agriculture on the continent. The Bank also announced a commitment to increase by 25% country funding for smallholder food and security initiatives, for a total of $ 33 billion over the next four years.
A coalition of donors and philanthropists including the United States, the United Kingdom, Germany, Australia, the Bill and Melinda Gates Foundation has also announced a new initiative to modernize and clarify plant breeding priorities in developing countries.
CGIAR's "Crops to Eradicate Hunger" initiative will provide farmers with a new generation of varieties that will help them adapt to climate change while improving the livelihoods of producers and consumers.
Stakeholders in the private and public sectors, for their part, have committed more than $ 200 million to develop and strengthen several value chains in several countries on the continent.
A Unilever-HDI partnership dedicated $ 28.6 million to investments in small and medium-sized enterprises (SMEs) engaged in various food-related activities.
"Let's keep grow those commitments but in the meantime, let's make sure that whatever we say we do it. That is how we can be accountable so that next year we can be talking of what we've done so far," urges Agnes Kalibata, President of the Alliance for the Green Revolution in Africa ( AGRA) and secretary of AGRF.
It will then be up to the agri-entrepreneurs of the various African countries to go beyond the framework of national financing mechanisms to move towards those organizations ready to support viable and promising projects.