Homepage

USAID Pledges $40mln to Boost Food Security in Africa

USAID Pledges $40mln to Boost Food Security in Africa
Thursday, 05 September 2024 14:14

On September 3, the United States announced $40 million in aid to combat food insecurity and improve resilience in Africa. The funding, provided through USAID, will primarily go toward projects in Tanzania, Madagascar, Malawi, Zambia, Mozambique, and the Democratic Republic of Congo (DRC).

This financial support will help farmers adapt to extreme weather by using improved crop varieties and strengthening water access and usage. The goal is to reduce risks to future harvests in the Zambezi River basin.

According to the official statement, "In line with the U.S.-African Union Joint Strategic Partnership on Food Security, the funding will help accelerate a regional, African-led approach to boost agricultural productivity, market linkages, improve nutrition, and leverage the private sector to enhance food security”.

In 2022, the UN's Food and Agriculture Organization (FAO) reported that 20% of Africa’s population—about 282 million people—were undernourished. Around 868 million Africans faced moderate or severe food insecurity, with 342 million in a state of severe food insecurity.

The FAO attributed this crisis to climate change, the impacts of conflicts, the war in Ukraine, and economic slowdowns. The Alliance for a Green Revolution in Africa (AGRA) estimates that the continent needs an additional $257 billion in annual investments in agriculture to build resilient food systems and meet the "zero hunger" goal by 2030.

Most Read
01

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
02

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
03

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
04

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
05

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.