March 21

Viewpoint: The AfDB’s $61 Billion Initiative Will Transform Agriculture but for Whom?

By Million Belay

Launched early last year, the African Development Bank’s ambitious Dakar II initiative, “Feed Africa: Food Sovereignty and Resilience“, seeks to usher in a new era for African agriculture, positioning the continent as a global breadbasket. With a staggering proposed budget of $61 billion, primarily sourced from private and development sectors, the initiative’s scale and scope are unprecedented. However, its approach – aiming to industrialise the continent’s food systems – has ignited a fierce debate concerning its implications for small-scale farmers, biodiversity, and the sovereignty of African food systems.

Photo courtesy of Neil Palmer.

Source: African Arguments (link opens in a new window)

Agriculture, Environment
development finance, food security, scale, smallholder farmers