The President of the African Development Bank (AfDB) Akinwumi Adesina has stated that over 76 million farmers in Africa benefitted from the Feed Africa Project which was enacted in 2016.
Adesina stated this while celebrating his sixth year as president of the bank at the closing of the 2022 African Development Bank Group’s Annual General Meeting.
He stated that six years ago he launched the Feed African Strategy with the approval of the board to deliver climate resilience agriculture and technology to feed Africa.
“We are achievers, incredible success. Our Feed Africa work has already benefited over 76 million farmers with access to improved agricultural technologies across Africa,” he said.
On the bank’s programs, the bank boss said “our flagship program, Technologies for African Agricultural Transformation TAAT, has delivered climate-smart seeds to 12 million farmers in 27 countries in just 2 years.”
Speaking further, Adesina assured that AfDB will continue to implement impactful, life-transforming projects in Africa.
He expressed his satisfaction at the AfDB being named the greatest international financial institution in the world by Global Finance in 2021.
He attributed the bank’s sustained success to a new results-oriented culture, strong client orientation, leadership, creativity, and continued innovation by a team of exceptional employees across all of the bank’s jurisdictions.
“I am proud that for the first time since its establishment in 1964, the Bank has risen to a position as a foremost globally-respected financial institution.”
Investors King gathered that in 2021, the U.S. magazine, Global Finance, specialising in financial markets and investment banking named the AfDB as the “Best Multilateral Financial Institution in the world for 2021.
“The award is a global recognition for the path-breaking efforts of the bank as it transforms itself into a solutions bank for Africa.
“The bank achieves this through a combination of its operations, knowledge services and investment positioning, which continue to help accelerate Africa’s development.”
September 19, 2016, the African Development Bank Group’s Agriculture and Agro-Industry Department launched the “Strategy for Agricultural Transformation in Africa 2016-2025” at the AfDB headquarters in Abidjan, Côte d’Ivoire.
The Feed Africa strategy seeks to ensure that the growth of the agricultural sector includes food security and that it encourages inclusive growth by involving more women and youth. It also promotes improved resilience to climate variability and shocks.