NAIROBI (Xinhua) --
African leaders, donors and major multilateral
firms have pledged more than 30 billion U.S. dollars to help
transform Africa’s agriculture from subsistence farming to
agribusiness in the next ten years, officials said on Thursday.
pledges made during the sixth African Green Revolution Forum are
believed to represent the largest package of financial
commitments to the African agricultural sector to date, backed
by the broadest coalitions ever assembled in support of food
production on the continent.
A joint statement
issued in Nairobi said the pledges were in investments to
increase production, income and employment for smallholder
farmers and local African agriculture businesses over the next
Alliance for a Green
Revolution in Africa (AGRA) president Agnes Kalibata said
agriculture can indeed transform the continent.
never happens if we did not take the coming ten years
seriously,” Kalibata said.
Kenyatta on Wednesday announced that Kenya is looking to provide
200 million U.S. dollars funding in the coming five years while
the Kenya Commercial Bank (KCB) also expressed its plan to avail
350 million dollars in loans for agriculture.
Kenyatta also called
for integration of Africa’s agriculture policies because without
unity no one country or region can make progress.
“It is clear that
without integrating our shared continental vision into our
respective domestic policies, we will not only hold back one
another, more significantly, we will keep our citizens from
experiencing a range of benefits,” said the President.
He called for
streamlining of national plans and strategies so that they align
with the 2014 Malabo commitments which agreed on a comprehensive
development of African agriculture.
The sixth African
Green Revolution Forum has attracted more than 1,500 influential
figures from 40 countries for three days of brokering new
investments represent just the first wave of support for the new
“Seize the Moment” campaign, one backed by the African Union
Commission, the New Partnership for Africa’s Development, the
African Development Bank, AGRA, key NGOs, companies and donor
The Bill and Melinda
Gates Foundation, which is one of the development partners
supporting the initiative to modernize farming in Africa, has
also promised to extend its support and plans to commit 5
billion dollars in the next five years.
expressed interest in expanding its crop and livestock research
programs aimed at helping the region’s farmers.
agriculture has seen significant progress in the last ten years,
the “Seize the Moment” officials said the campaign is a frank
acknowledgment that much more is needed for African countries to
achieve inclusive economic development, and ultimately realize
the international community’s Sustainable Development Goals.
The campaign is a
decisive push for the political, policy, and financial
commitments essential to transforming Africa’s agricultural