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              Ghana: Prime Minister Shri Narendra Modi addresses the Parliament of Ghana

              Ghana: Prime Minister Shri Narendra Modi addresses the Parliament of Ghana

              Ghana: Mahama swears in 7 new Supreme Court Justices

              Ghana: Mahama swears in 7 new Supreme Court Justices

              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

              Africa: Nigeria Ascends Global Customs Leadership as CGC Adeniyi Becomes WCO Council Chair

              Africa: Nigeria Ascends Global Customs Leadership as CGC Adeniyi Becomes WCO Council Chair

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              Kampala Road Works: Kigenyi urges safety, order

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              • FEATURES
                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet the newly appointed executives steering NNPC Limited

                Meet the newly appointed executives steering NNPC Limited

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Nigeria’s Newly Nominated Ministers

                Meet Nigeria’s Newly Nominated Ministers

                Nigeria’s $5 billion FLNG project gets Presidential endorsement

                FULL TEXT: President of Nigeria 2024 Independence Day speech

                Trending Tags

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                  Kenya: Ministry of Health outlines SHA compliance measures

                  Kenya: Ministry of Health outlines SHA compliance measures

                  South Africa: Durban Port to expand vehicle terminal

                  South Africa: Durban Port to expand vehicle terminal

                  Botswana, Türkiye aim for stronger ties

                  Botswana, Türkiye aim for stronger ties

                  Nigeria to host 2025 Afreximbank annual meetings

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                  Ghana:Adjei reaffirms commitment to expanding urban water supply

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                  Kenya Government Embarks on County Industrialization Initiative to Boost Trade and Employment

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                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

                    Transforming Botswana’s Public Service: Gaone Manzini on Leadership, Integrity, and Vision for the Future

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                    Ghana’s registra department: driving digitization for effecient services

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                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

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                      World Bank scales up financing for food security with additional $315m to ECOWAS countries

                      Public Sector Global by Public Sector Global
                      August 2, 2022
                      in NEWS
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                      World Bank scales up financing for food security with additional $315m to ECOWAS countries
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                      Some additional two million people will benefit from a second phase of the West Africa regional Food Systems Resilience Programme (FSRP-2) approved for a total amount of $315 million in International Development Association (IDA) financing.

                      FSRP-2 will support Chad, Ghana and Sierra Leone to increase their preparedness against food insecurity and to improve the resilience of their food systems. This comes at a moment where it is projected that approximately 38.3 million people in West Africa are projected to be in food security crisis.

                      Across the targeted areas in the three countries, FSRP-2 will help to reduce food insecure people by 25%.

                      Access to hydro and agrometeorological advisory services will be extended to over 400,000 food system actors, while nearly 500,000 producers are expected to adopt climate smart agricultural technologies. Moreover, about 12,000 hectares of land area will benefit from integrated landscape management practices, and intra-regional traded productions in selected value chains will increase by 30%.

                      “Multiple shocks, driven by climate change and environmental degradation, weaknesses of the food markets, conflicts and insecurity, Covid-19 implications, and the war in Ukraine have further deteriorated food insecurity and inflation across West Africa”, declared Massandjé Toure-Litse, the Commissioner for Economic Affairs and Agriculture at the Economic Community of West African States (ECOWAS).

                      “FSRP-2 further expands cooperation across the ECOWAS region to ensure food security, now and into the future.”

                       More specifically, the new financing will help to (i) increase the effectiveness of agriculture and food crises prevention and management and strengthen the capacities to adapt to climate variability and change, (ii) strengthen the adaptive capacity of the food system’s productive base and make it sustainable, and (iii) support the regional food market’s integration by linking the beneficiary countries, consolidating their food reserve systems, and strengthening the development of strategic regional value chains”.

                       “Facilitating the trade of agricultural goods and inputs within and across national borders in West Africa is a key element to address food insecurity in the region”, said Ousmane Diagana, World Bank’s Vice-President for Western and Central Africa.

                      For Boutheina Guermazi, World Bank’s Director for Regional Integration for Sub-Saharan Africa, the Middle East and Northern Africa, “The approval of FSRP-2 and incorporation of Chad, Ghana and Sierra Leone expands impacts not just of national activities, but of targeted spill-over effects from regional activities. We are eager for this innovative program to maximize its reach across West Africa”.

                      With FSRP-2, the multi-phase FRSP program now amounts to a total of $645 million of IDA (instead of the $570 million initially approved in November 2021). The first phase of the programme (FSRP-1, $330 million, approved in November 2021) launched in June 2022, bringing together four countries (Burkina Faso, Mali, Niger, Togo) and three regional organizations (the Economic Community of West African States, ECOWAS; the Permanent Interstate Committee for Drought Control in the Sahel, CILSS; and the West and Central Africa Council for Agriculture Research and Development, CORAF) to implement a broad programme to increase agricultural productivity, promote intraregional value chains and trade, and build regional capacity to manage agricultural risk.

                      It is expected that both FSRP-1 and FSRP-2 will reach a total of 4.35 million direct beneficiaries (including farmers) across West Africa, with focus on women and youth.

                       The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programmes that boost economic growth, reduce poverty, and improve poor people’s lives.

                      IDA is one of the largest sources of assistance for the world’s 77 poorest countries, 39 of which are in Africa.

                      The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programmes that boost economic growth, reduce poverty, and improve poor people’s lives.

                      IDA is one of the largest sources of assistance for the world’s 77 poorest countries, 39 of which are in Africa.

                      Resources from IDA bring positive change to the 1.5 billion people who live in IDA countries. Since 1960, IDA has supported development work in 113 countries.

                      Annual commitments have averaged about $18 billion over the last three years, with about 54 percent going to Africa.

                      Tags: World Bank scales up financing for food security with additional $315m to ECOWAS countries
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