The African Development Bank (AfDB) has been granted $9.5 million by the United States, a fund dedicated to advancing smart agriculture across Africa.
The announcement was made during a visit by US Secretary of State Antony Blinken to the AfDB Group president, Dr. Akinwumi A. Adesina, at the bank’s headquarters in Abidjan, Côte d’Ivoire.
The meeting took place at the AfricaRice center, where the two shared the commitment of both countries to promote agricultural growth.
The grant will be directed towards the bank’s Technologies for African Agricultural Transformation (TAAT) initiative.
According to Blinken, Africa is on course towards a future where the continent feeds itself and contributes significantly to the global food supply.
The grant is a component of the “Feed the Future” initiative, a global effort to combat hunger, and is intended to support the second phase of TAAT, known as TAAT II.
This phase is designed to enable African nations to boost food production, adopt climate-smart technologies, and broaden extension services.
TAAT has already introduced climate-resilient agricultural technologies and fertilizers to 13 million farmers in 40 African countries.
In December 2022, the U.S. pledged a $15 million grant to aid the Bank’s African Emergency Food Production Facility in response to food supply disruptions caused by the Russia-Ukraine conflict.
Blinken’s visit coincides with the West’s exploration of partnership opportunities from its U.S. State Department’s Vision for Adapted Crops and Soils (VACS) activities with Africa, aiming to develop a strong investment strategy to drive agricultural progress.
The AfDB is committed to doubling the productivity of staple crops, livestock, and fisheries, to reach over 40 million agricultural producers by 2025 and produce an additional 120 million tons of food through TAAT.