A Summit exploring solutions to mobilize government resources, development partners and private sector financing to harness Africa’s food and agriculture potential, turning advocacy efforts into concrete action.
Date: Wednesday-Friday, 25-27 January 2023
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Globally, 828 million people suffer from hunger, with Africa accounting for 249 million or a third of that number. The irony is, Africa alone with 65% of the remaining arable land has the potential to feed 9 billion people in the world by 2050. Its vast savanna areas alone are estimated at 400 million hectares, of which only 10% is cultivated. Investing in raising agricultural productivity, supporting infrastructure, and climate-smart agricultural systems, with private sector investments all along the food value chain can help transform Africa into a breadbasket for the world.
The Dakar 2 Summit, hosted by H.E. President Macky Sall, president of the Republic of Senegal and the current chairperson of the African Union and co-hosted by the African Development Bank Group, builds on the first edition held in 2015 during which the Feed Africa: Strategy for Agricultural Transformation in Africa (2016-2025) of the African Development Bank Group was proposed.
At the summit, private sector actors will commit to the development of critical value chains. Central Bank governors and ministers of Finance will bear the task of developing financing arrangements to implement food and agriculture delivery compacts, working with ministers of Agriculture, as well as private sector players, including commercial banks and financial institutions.
The strong political will of African heads of State, the availability of technologies and platforms to deliver climate-smart agricultural practices at scale to millions of farmers, incredible successes of some countries in achieving self-sufficiency in selected crops in a very short period, all show that Africa can become a global solution provider for the rising food shortages in the world. A key part of the Dakar 2 Summit agenda will include presidential roundtable discussions, high-level plenary, and “Food and Agricultural Delivery Compact” sessions.
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