Tag Archives: agriculture
Real estate for sale in Owingsville Kentucky – MLS# 1309371
49 Tanner Road Owingsville Kentucky 40360 MLS# 1309371 For more info visit http://vt.realbiz360.com/Listing-1323596.html This attractive home contains 3 bedr… Continue reading
Grow Africa Reports Substantial Early Impact of Agricultural Investments
Grow Africa Investment Forum marks historic shift in private-sector investments in Africa’s agriculture as a growing group of companies commit to creating economic opportunity for smallholders and improving food security. Grow Africa has helped mobilize over US$ 3.5 billion in new investment commitments, engaging over 800,000 farmers in eight African countries in under one year. For more information about Grow Africa and its progress in 2012-2013, download the newly launched annual report here: www.growafrica.com. Africa annual report captures the ways in which investment commitments have been put into action. This early progress shows promise for smallholders, including: More than US$ 60 million invested in activities that incorporate smallholder farmers into commercial, market-based activities Approximately 270,000 million tonnes of commodities sourced within partner countries – the vast majority from smallholders – and the equivalent of around US$ 300 million in sales from these farmers fed into the market system Almost 800,000 smallholders reached with a mix of training, sourcing and service provision Speaking at the Grow Africa Investment Forum today, Ibrahim Assane Mayaki, Chief Executive Officer, NEPAD Planning and Coordinating Agency, said: “The Grow Africa countries have made agricultural transformation a priority. It is encouraging to see companies respond concretely and apply their knowledge, finance and market access in a way that will drive Africa’s development.” Joergen Haslestad, President and Chief Executive Officer of Yara International, said: “Africa’s agricultural transformation is clearly underway. But to achieve its full potential impact on poverty and food security, partners need to renew and redouble their commitment to act in concert.” Continue reading
Africa: U.S., Sweden, Bank Launch Fund to Spur African Agriculture
BY KATHRYN MCCONNELL, 9 MAY 2013 Washington — The United States, Sweden and the African Development Bank have launched a fund to encourage accelerated private investment in sub-Saharan Africa’s agricultural infrastructure to connect small farmers with international markets. Announced May 9 in Cape Town, South Africa, at the Grow Africa Investment Forum, the fund — called Agriculture Fast Track — will be funded by $15 million from the U.S. Agency for International Development (USAID) and $10 million from the government of Sweden. It was developed with support from USAID and will be managed by the African Development Bank. The fund will focus on countries that are part of the New Alliance for Food Security and Nutrition, an initiative launched in 2012 at the G8 Camp David Summit near Washington. Through the New Alliance, the G8 major industrialized nations, African countries and the private sector aim to help lift 50 million people in sub-Saharan Africa out of poverty by 2022 by supporting agricultural development. The New Alliance matches market-oriented reforms in the African member countries of Burkina Faso, Côte d’Ivoire, Ethiopia, Ghana, Kenya, Liberia, Malawi, Mali, Mozambique, Rwanda, Senegal, Tanzania, Uganda and Zambia with $3.7 billion of planned private investments in the agriculture sector. (Mali is under review.) “Since the New Alliance for Food Security and Nutrition was founded last year, we’ve seen member countries make serious reforms that have led to real progress,” said USAID Administrator Rajiv Shah. “The launch of the Agriculture Fast Track allows African farmers to take advantage of these reforms through fast-tracked infrastructure projects that will better deliver their products to markets.” Global food demand is expected to grow by as much as 60 percent by 2050, USAID says. With 60 percent of the world’s untilled arable land, predominantly farm-based economies, plentiful natural resources, significant gains in technology and private investment, Africa has the potential to feed not just its own people but others as well. Improved roads, ports and rail lines are critically needed to achieve that, USAID says. Grow Africa is a partnership that seeks to accelerate investments and change in African agriculture based on national agricultural priorities. It says that for Africa to reduce poverty and food insecurity, partners need to renew and increase their commitments to work together and to integrate what they’ve learned to ensure that their investments are inclusive, sustainable and transformative. USAID and Grow Africa support the Comprehensive African Agricultural Development Program of the New Partnership for Africa’s Development established by the African Union in 2003. Continue reading
