 
							
			
			
			
		 Thursday, 23 June 2022 17:07
	  		Thursday, 23 June 2022 17:07	  	
	  	
	  	
	  	
	  The initial US$788.10 million phase of the program will target Ethiopia and Madagascar, two countries hit hard by drought.
The World Bank announced Tuesday (June 21), a US$2.3 billion program to help Eastern and Southern African countries fight food insecurity.
According to the multilateral financial institution, by next month, 66.4 million people will experience food stress, crisis, emergency, or famine in the two beneficiary regions. “Food system shocks brought on by extreme weather, pest and disease outbreaks, political and market instability, and conflict are becoming more frequent and severe, putting more people at risk of food insecurity. The war in Ukraine is further exacerbating these effects by disrupting the global food, fuel, and fertilizer markets,” it explains.
The project will be implemented in phases, we learn. The first phase will target Ethiopia, where an estimated 22.7 million people are food insecure due to severe drought, and Madagascar, where 7.8 million people are also in need of food assistance due to drought in the south. With total funding estimated at US$788.10 million, the program's initial phase is expected to benefit 2.3 million people.
Other countries will benefit from subsequent phases of the program, which will also strengthen inter-institutional food crisis response strategies, including strengthening early warning systems and rapid response planning, emergency producer support, emergency trade measures, and emergency food reserves building.
The project “ is the first regional and multi-sectoral operation focusing on reducing the number of food-insecure people in Eastern and Southern Africa by increasing the resilience of food systems and preparedness to combat rising food insecurity. It supplements a similar program that the Bank approved recently for Western and Central Africa,” said Hafez Ghanem (photo), World Bank Vice President for Eastern and Southern Africa.
 18:31
                18:31
                             18:12
                18:12
                             18:09
                18:09
                             17:55
                17:55
                             13:14
                13:14
                             12:08
                12:08
                             09:57
                09:57
                             09:16
                09:16
                             09:11
                09:11
                             09:06
                09:06
                            Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...
 
        Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...
 
        Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...
 
        ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...
 
        With its presidential election set for tomorrow, October 25th, Côte d’Ivoire is entering a decisive ...
 
        African airlines lead with 14.7% cargo volume growth in September 2025 Africa-Asia routes drive gains; cargo capacity up 7.4% year-on-year Global air...
Algeria to upgrade national electricity monitoring system starting in 2026 SCADA overhaul aims to improve grid reliability and digital...
Nigeria’s cooking gas prices surge over 60% in October amid supply cuts NLNG maintenance, rising diesel costs, and naira depreciation drive...
About 70% of offshore acreage remains untapped amid declining output New licensing rounds planned for 2026 to attract further investment Gabon is...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....