{"id":466855,"date":"2019-08-30T23:05:37","date_gmt":"2019-08-30T22:05:37","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=466855"},"modified":"2019-08-30T23:05:37","modified_gmt":"2019-08-30T22:05:37","slug":"ticad7-invest-in-africas-food-markets-to-win-the-war-on-hunger-and-boost-nutrition-african-development-bank","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/08\/30\/ticad7-invest-in-africas-food-markets-to-win-the-war-on-hunger-and-boost-nutrition-african-development-bank\/","title":{"rendered":"TICAD7:\u00a0 Invest in Africa\u2019s food markets to win the war on hunger and boost nutrition \u2013 African Development Bank"},"content":{"rendered":"
<\/div>

\u201cThere is a business case for governments to invest in grey matter \u2013 Jennifer Blanke<\/span><\/em><\/p>\n

By investing in Africa\u2019s food markets, governments can win the fight against stunting and improve nutrition across the continent. And with support from institutions like the African Development Bank, the results would be a win-win situation for all.<\/span><\/p>\n

\u201cWhat a huge potential the food markets represent. \u201cFeed Africa,\u201d which is one of the Bank\u2019s High 5 priorities, has nutrition at its core,\u201d Bank Vice President for\u00a0<\/span>Agriculture, Human, and Social Development,\u00a0Jennifer Blanke said Thursday at a panel discussion on day two of the 7th<\/sup>\u00a0Tokyo International Conference on African Development.<\/span><\/p>\n

The session, organised by the\u00a0Global Panel on Agriculture & Food Systems for Nutrition (GPAN) & t<\/strong>he African Leaders for Nutrition (ALN), was titled Ending Malnutrition in Africa: Towards Nutrition for Growth 2020 & Beyond.<\/span><\/p>\n

A senior management team from the Bank led by its President Akinwumi Adesina is attending this year\u2019s TICAD in the Japanese city of Yokohama, under the theme: Advancing Africa\u2019s development through technology, innovation and people. The conference is focused on Africa\u2019s economic transformation and the business environment through partnerships and increased cooperation with Japan.<\/span><\/p>\n

Despite holding 60 percent of the world\u2019s arable land, African countries import nearly $50 billion net of food annually. Yet the population bulge and a rising middle class represent a massive opportunity in terms of agribusiness and the consumer market.<\/span><\/p>\n

\u201cThere is a business case for governments to invest in grey matter, or brainpower, and this requires much more nutritious diets\u201d Blanke said.<\/span><\/p>\n

With most people in Africa getting their food from local markets, business opportunities for healthy foods abound everywhere in the food system and potential investors were urged to engage and explore.<\/span><\/p>\n

Small and medium enterprises (SMEs) in particular play a predominant role in the food supply chains in Africa, but their growth has been slow. \u201cThe biggest constraint to their scaling up is lack of access to finance,\u201d Lawrence Haddad, Executive Director of the Global Alliance for Improved Nutrition (GAIN) said.<\/span><\/p>\n

Other side events such as a session on Investing in Human Capital Development and one on Rural Transformation and Sustainable Agriculture in the Digital Age, jointly organized by the Bank and the World Food Programme, spoke to policy makers about the importance of the private sector and an enabling environment in fighting malnutrition.<\/span><\/p>\n

Women and Girls need to be at the table<\/span><\/strong><\/p>\n

On Wednesday, a discussion on empowering women and girls highlighted how that directly benefits Africa\u2019s development agenda.<\/span><\/p>\n

Technology, access to finance, education and digital technology can help women leapfrog over many hurdles.<\/span><\/p>\n

\u201cIt is essential that women are empowered to become a vehicle for transforming society,\u201d<\/span><\/p>\n

Ms Toshiko Abe, of Japan\u2019s ministry of finance said.<\/span><\/p>\n

Blanke said women in agriculture were an overlooked stakeholder group. In many parts of Africa most farmers are women.<\/span><\/p>\n

The Bank\u2019s\u00a0<\/span>Affirmative Finance Action for Women in Africa initiative known as AFAWA, seeks to support women entrepreneurs in Africa. Through AFAWA\u00a0the African Development Bank aims to raise at least $300 million for a guarantee facility that will spur lending of ten times at much (around $3 billion) to African women entrepreneurs.<\/p>\n

\u201cWe can leverage more for women,\u201d Blanke said.<\/span><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

\u201cThere is a business case for governments to invest in grey matter \u2013 Jennifer Blanke By investing in Africa\u2019s food markets, governments can win the fight against stunting and improve nutrition across the continent. And with support from institutions like the African Development Bank, the results would be a win-win situation for all. \u201cWhat a<\/p>\n","protected":false},"author":536282,"featured_media":466856,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12040,12065],"tags":[13039,16198],"class_list":{"0":"post-466855","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-international-institutions","8":"category-press-releases","9":"tag-african-development-bank","10":"tag-ticad7","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"\nTICAD7:\u00a0 Invest in Africa\u2019s food markets to win the war on hunger and boost nutrition \u2013 African Development Bank - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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