http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.08Change: -0.01
R/$ = 11.55Change: 0.03
Au 1261.33 $/ozChange: 2.03
Pt 1226.00 $/ozChange: 8.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 13, 2011

Invest in agriculture to reduce poverty – World Bank

Back
World Bank’s special envoy for climate change Andrew Steer discusses the development of Africa's agricultural industry. Camera Work: Nicholas Boyd. Editing: Darlene Creamer.
The United Nations Food and Agriculture Organisation assistant director-general for the natural resources management and environment department Alexander Muller discusses the need for coherence and integration in tackling global agricultural and climate challenges . Camera Work: Nicholas Boyd. Editing: Darlene Creamer.
previous next
Agriculture|Johannesburg|SECURITY|Africa|Environment|Ghana|Resources|Security|Africa|Democratic Republic Of Congo|Ethiopia|Ghana|Malawi|Rwanda|USD|Security|Disaster Management|Food Price Volatility|Food Prices|Food Production|Food Security|Security|Alexander Muller|Andrew Steer|Security
Agriculture|SECURITY|Africa|Environment|Ghana|Resources|Security|Africa|Democratic Republic Of Congo|Ghana|||Security|Security|Security
agriculture|johannesburg|security|africa-company|environment|ghana-company|resources|security-company|africa|democratic-republic-of-congo|ethiopia|ghana|malawi|rwanda|usd|security-facility|disaster-management|food-price-volatility|food-prices|food-production|food-security|security-industry-term|alexander-muller|andrew-steer|security-person
© Reuse this



Mitigation and adaptation, political smartness and smart policy were crucial to developing Africa’s agricultural industry, the World Bank’s special envoy for climate change Andrew Steer said on Tuesday.

He said at an African Ministerial conference on climate-smart agriculture, in Johannesburg, that harnessing political enthusiasm to address food security, climate change and disaster management, coupled with smart policies and effective partnerships would unlock financing for agriculture.

Steer said that one of the best ways to reduce poverty was to invest in agriculture. “On average, good money invested cleverly into agriculture will get four times the impact in reduced poverty.”

The World Bank is increasing its support for agriculture. On average, about $4-billion a year is invested in agriculture, with $6-billion earmarked for 2011, and plans to increase this to $8-billion.

“Global food prices remain high and volatile. We estimate in the last year, food price volatility has pushed 44-million people into poverty and some of them may never recover, as displayed by the impact of drought in the Horn of Africa, and floods in Africa, which has led to dreadful human suffering.”

Food production needs to increase by 70% worldwide by 2050, to feed over nine-billion people. In Africa, food production would have to triple in the next 40 years, to feed a population that is expected to double.

“This is an extraordinary challenge for all of us, but it's made more difficult by the fact that this increase in production needs to take place in an increasingly hostile environment due to climate change.

“In the absence of strong adaptation measures, it is estimated that there will be decline in some 28% in yields for Africa over the next six to eight decades. This is assuming that we are successful in bringing increases in temperatures to about 2 °C, and many experts believe that is almost impossible,” Steer explained.

But, he said there were grounds for encouragement, and referred to many positive initiatives towards a green strategy in countries such as Malawi, Ghana, Rwanda and the Democratic Republic of Congo. Even in Ethopia, where there are plans to invest in large scale land restoration.

Meanwhile, the United Nations Food and Agriculture Organisation (FAO) assistant director-general for the natural resources management and environment department Alexander Muller said global challenges had to be addressed in a coherent and integrated way.

Such challenges, such as impacts of climate change, increasing scarcity of natural resources and widespread poverty, were prevalent in many African countries. For example, 12.5-million people have been affected by drought in the Horn of Africa.

Muller called for increased productivity and income in agriculture, adaptation and resilience of both livelihoods and natural ecosystems and pointed the need to reduce the overall impact of global climate change.

The FAO supports the development of an investment platform for African climate-smart agriculture in collaboration with the New Partnership for Africa's Development.

“Africa can only successfully implement the concept of climate-smart agriculture when the international community meets its promises to support climate change adaptation and investment in agriculture.

“We need further piloting and scaling up of early action programmes, bringing together finance and investment opportunities and making them available for Africa,” he explained.

Muller said climate finance and agriculture had to be brought together and handling each one separately would not meet the multiple challenges.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Video News
More
 
 
Latest News
Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
A trading demonstration has showcased the applicability, functionality, utility and readiness of the well-established, commercial and financial electronic infrastructure provided by private-sector commodity registry Silocerts and the JSE as a potential platform for...
While South African consumers will get a reprieve on the back of a lower oil price, all the potential benefits could be overshadowed by the nation’s ongoing electricity shortages. A surprise cut to below $50/bl for crude oil would soften the blow of rising costs on...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
Updated 6 hours ago The international Square Kilometre Array (SKA) radio telescope – which is to be jointly hosted by South Africa and Australia with, later, outstations in other countries – may not yet exist, but international scientific working groups are already deciding what...
Updated 6 hours ago A free Web-based solar power plant capacity-planning tool offers project planners and developers, as well as governments, a means to assess the solar energy potential of thin-film solar PV power over an area of land. The tool was developed by thin-film solar...
Updated 6 hours ago As yet, no specific methodology, timeline or costs have been finalised to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel between emergency shaft two (E2) and Park Station, says Bombela Concession Company technical and...
ASTRAPAK The group highlighted that executive strategic interventions and other group-wide business improvement imperatives were progressing favourably
Updated 6 hours ago The “seriously disruptive” electricity outages in South Africa have cost packaging group Astrapak more than R2-million in “irrecoverable downtime costs”, the company said on Monday, adding that the power cuts were negating some of the benefit of energy saving...
Updated 6 hours ago Bakkies and more affordable cars dominated South Africa’s new vehicle market in 2014. Unaudited data from the Department of Trade and Industry (DTI) shows that South Africa’s most popular vehicle in 2014 was the Toyota Hilux, selling 37 562 units.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks