GlobeNewswire by notified

Dakar 2 Summit: Development partners to commit $30 billion to boost food production in Africa

Share

DAKAR, Senegal, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The second Africa food summit in Senegal ended on Friday, with development partners agreeing to commit $30 billion to back the continent’s resolve to boost agricultural productivity and become a breadbasket for the world.

Among the development partners are the African Development Bank which plans to contribute $10 billion over five years, and the Islamic Development Bank, which intends to provide $5 billion.

The Dakar 2 Summit—under the theme ‘Feed Africa: food sovereignty and resilience’—adopted a Declaration on the implementation of the Summit’s resolution, to be submitted to the African Union.

Organized by the Senegalese government and the African Development Bank, the Summit rallied dozens of dignitaries, including 34 heads of state and government, 70 government ministers, and development partners, to work tirelessly on compacts that would transform agriculture across Africa. The President of Ireland Michael D Higgins attended all the three days of the summit.

Addressing the closing plenary, African Development Bank Group President Dr Akinwumi Adesina said the continent and its partners are determined to see results and that implementation is critical to boosting food production and feeding Africa.

“The message was clear: we will work together to strongly support the implementation of the Food and Agriculture Delivery Compacts at country levels,” Adesina said.

He said the heads of state and government committed to setting up presidential high level advisory councils to oversee the implementation of the Compacts, to be chaired by the presidents themselves in their respective countries.

Strong commitment to deliver

“With strong collective determination and resolve, we will work in coordination and partnerships to help countries to deliver success,” he affirmed.

Adesina commended the high turnout at the event. “We came in response to a clarion call out of Africa that it is time for Africa to feed Africa. The clarion call was that the time is right, and the time is now for Africa to feed itself. We came from Africa. We came from around the world.”

He said that Dakar 2 Summit would be remembered as a key moment in Africa’s ability to feed itself and achieve food self-sufficiency and food sovereignty: “We leave with a determination and resolve to feed Africa. With hands together and in locked steps, we will reach our destination: An Africa that finally feeds itself. An Africa that develops with pride.” 

In the Dakar Declaration, the leaders agreed to allocate at least 10% of public expenditure to increase funding for agriculture. They also resolved to deploy robust production packages to boost productivity and increase resilience to achieve food security and self-sufficiency.

In his closing remarks, Senegalese Prime Minister Amadou Ba called the summit “a resounding success.”

“Agriculture creates jobs and promotes wealth and health,” he said and called on all citizens of Africa to come together and agree on a joint agenda steered by Africans for Africans.

Prime Minister Ba added: “It’s a paradox that Africa is the largest continent but also the most dependent. Starting now, we must do away with dependency. Africa should consume what it produces and produce what it consumes.”

Global support

Irish President Michael Higgins, who attended all three days of the summit, called for global support for the ‘Feed Africa’ agenda. 

“Let us make this century Africa’s Century, one which will see the continent become free from hunger, a shared continent in a global family, one based on the firm foundations of respect for each nation’s institutions, traditions, experiences, and wisdoms,” President Higgins said.

In a video message, Netherlands Director-General for International Cooperation Kitty Van Den Heijden announced that her country would commit an additional €450 million over the next five years to food security programs with a focus on Sub-Saharan Africa. She said the country would also support the African Emergency Food Production Facility of the African Development Bank with $30 million.

“We don’t have time to waste; we need to take action and build more resilient food systems,” she added.

The president of the Islamic Development Bank, Dr. Muhammad Al Jasser, delivered a statement pledging continued support to boost food production in Africa. Canada and Germany also made commitments to support the Feed Africa agenda.

Click here to read President Adesina’s full speech

Click here to read Dakar Declaration

Click here for photos from the summit

Contact: Kwasi Kpodo | media@afdb.org

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

HiddenA line styled icon from Orion Icon Library.Eye