A joint initiative between the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will support the agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda.
In these three countries, the combined active portfolio of both institutions in agriculture, water and sanitation is worth $1 billion, with several projects in the pipeline to expand their support.
For example, in Nigeria the Plateau State Potato Value Chain Support Project of the AfDB and the planned IsDB’s Agro Pastoral Development Project in Kano State will promote higher household incomes through productive agro-pastoral activities.
In Somalia, AfDB’s Say No to Famine project approved earlier this year is providing emergency assistance support and facilitating drought resilience building through the restoration of community assets, which is complemented by IsDB’s on-going Drylands Development Project.
Discussions are also on-going to scale up several projects, among them, the Strategic Towns Water Supply and Sanitation Project in Uganda, which will be appraised later this year and presented to the AfDB Board of Directors for approval in early 2018. Read more on Uganda’s hydropower project…
Why invest in agriculture?
Stronger ties between AfDB and IsDB will help ramp up agricultural production along important crop and livestock value chains while preventing and mitigating climate change induced droughts will help achieve the objectives of Say No to Famine/Alliance to End Famine in Africa.
The investments are complemented with institutional capacity building to develop enabling environments for sustainable, green and inclusive growth.
There is broad stakeholder agreement that collaborative and coordinated efforts are needed to swiftly deal with weather shocks that often have devastating consequences for the most vulnerable population.
“It is good to see this strong partnership between the African Development Bank and the Islamic Development Bank further evolving, in terms of depth, breath, resource commitments, leverage and speed of delivery“ says AfDB Vice-President for Regional Development, Integration and Business Delivery, Khaled Sherif.
AfDB and IsDB vow to collaborate
“While the MOU is continent-wide and cross-sectorial, we jointly identified immediate synergies in the broader FEED Africa and Say No To Famine domain, which cover varying levels of short-term, medium-term and long-term interventions, to deliver even more efficiently and effectively to the benefit of communities in the three countries,” Sherif stated.
— AfDB_Group (@AfDB_Group) October 16, 2017
IsDB Vice President, Mansur Muhtar added: “Indeed, there is much to gain from the collaboration between our organisations. It is here that we can utilise our respective competitive advantages best and maximise the utilisation of available resources.”
According to Muhtar it is best to achieve this outcome by “avoiding duplication and concentrating the stipulated initiatives in support of our member countries in the identified sectors and areas that promise to be most impactful for local populations”.
“We will also expand this partnership throughout the operationalisation of upcoming initiatives by bringing in additional partners, especially the private sector,” Muhtar added.
Featured image: Stock