Agricultural transformation afdb world bank provides 800 billion africa

You're referring to the African Development Bank (AfDB) and the World Bank's joint initiative to provide $800 billion to support agricultural transformation in Africa.

The initiative, known as the "Agricultural Transformation Agenda" (ATA), aims to increase agricultural productivity, improve food security, and promote economic growth in Africa. The $800 billion investment is expected to be mobilized over the next decade, from 2020 to 2030.

The ATA is a comprehensive program that focuses on several key areas, including:

  1. Agricultural productivity: Improving crop yields, livestock production, and fisheries to increase food availability and reduce poverty.
  2. Market access: Enhancing market access for smallholder farmers, improving agricultural trade, and promoting regional integration.
  3. Value addition: Encouraging value addition and processing of agricultural products to increase their value and competitiveness.
  4. Institutional capacity: Strengthening institutional capacity, including agricultural research, extension services, and policy frameworks.
  5. Climate resilience: Building resilience to climate change, droughts, and other natural disasters that affect agricultural production.

The AfDB and the World Bank will work together to implement the ATA, with a focus on the following countries:

  1. Eastern Africa: Kenya, Tanzania, Uganda, Ethiopia, and Democratic Republic of Congo.
  2. Southern Africa: South Africa, Mozambique, Zambia, Zimbabwe, and Botswana.
  3. West Africa: Nigeria, Ghana, Côte d'Ivoire, Senegal, and Mali.
  4. Central Africa: Cameroon, Republic of Congo, Democratic Republic of Congo, and Central African Republic.

The $800 billion investment will be mobilized through a combination of public and private sector funding, including:

  1. Grants: From the AfDB, World Bank, and other development partners.
  2. Loans: From commercial banks, development finance institutions, and other financial institutions.
  3. Equity: From private sector investors, including agribusiness companies and impact investors.

The ATA is expected to have a significant impact on Africa's agricultural sector, including:

  1. Increased food availability: By improving agricultural productivity and reducing post-harvest losses.
  2. Improved livelihoods: By increasing incomes and employment opportunities for smallholder farmers and rural communities.
  3. Economic growth: By promoting agricultural trade and value addition, and creating new economic opportunities.
  4. Climate resilience: By building resilience to climate change and other natural disasters.

Overall, the Agricultural Transformation Agenda is a critical initiative that has the potential to transform Africa's agricultural sector and promote sustainable economic growth and development.