Driving private sector capital to fix Africa's food security gaps
African countries are at the cusp of turning the corner in building resilient food systems if more private sector capital is deployed in the continent. CNBC Africa spoke to Bram Goaverts, Director-General, CIMMYT for more.
Thu, 05 Sep 2024 15:23:05 GMT
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AI Generated Summary
- Private sector investments are crucial for transforming agriculture and promoting food security in Africa
- The urgency of scaling up investments in research, innovation, and private sector engagement to address climate-related challenges and ensure sustainable food systems
- The need for African countries to prioritize investments in sustainable agriculture, leverage carbon markets, and foster partnerships with the private sector to drive innovation and growth
African countries are on the brink of a breakthrough in fortifying their food systems, but the key to success lies in deploying more private sector capital to drive innovation and sustainability across the continent. In a recent interview with CNBC Africa, Bram Govert, a key figure in maize and wheat biodiversity conservation, highlighted the pivotal role of private sector investments in transforming agriculture and enhancing food security in Africa. The African Food Systems Forum, held in Kigali, is a crucial platform for assessing the impact of ongoing initiatives and laying the groundwork for future collaborations. One of the major achievements in this domain has been the development of drought-tolerant maize varieties, which have significantly boosted yields and resilience in the face of climate-related challenges. By ensuring the availability of climate-resilient seeds and promoting crop diversification, African countries can not only enhance food security but also mitigate the impacts of climate change. However, the urgency of the situation demands swift action and a significant scale-up of investments in research, innovation, and private sector engagement. Failure to address these critical needs could jeopardize the livelihoods of smallholder farmers, undermine national security, and hinder socio-economic progress across the continent. To tackle these challenges effectively, African nations must prioritize investments in sustainable agriculture, harnessing the potential of carbon markets, and fostering partnerships with the private sector to drive innovation and growth. By embracing a more diversified and resilient food system, Africa can secure a prosperous and sustainable future for its people.