On March 15, Akinwumi Adesina announced that the AfDB had proposed a $1 billion fundraising effort to help 40 million African farmers use climate-resilient technologies and increase their production of tolerant wheat varieties. in the heat. This billion dollar financial package would help to avoid food shortages in Africa.
This, by allowing the development of the agricultural sector, according to the AfDB. Beyond the technological aspect, this new strategy aimed at developing the African agricultural sector is particularly relevant given the current war between Ukraine and Russia.
Sanctions imposed on Russia have disrupted grain exports, increasing the risk of a major food crisis, given that 30% of the wheat consumed in Africa comes from Ukraine and Russia. In 2019, Russian exports of consumer goods to sub-Saharan Africa amounted to $1.75 billion (50% of the federation’s sales to the sub-region), according to WTO statistics.
