ADB Approves $10M Investment to Boost Agriculture and Nutrition In Africa

Abidjan, Cote d’Ivoire – A $10 million equity investment  has been approved by the Board of Directors of African Development Bank (ADB) in the South African based private equity investment company  Phatisa Food Fund2 (PFF2) to boost agriculture and nutrition across Africa.

M
Maize Field in Malawi

A press statement issued in Abidjan and copied to West African Journal Magazine says the project will cover the entire African continent, with a sharper focus on Sub-Saharan Africa.

PFF2 will focus on food/consumer related investments including integrated food production, processing, services and inputs (seed, fertilizer & chemicals), mechanization, distribution, logistics and infrastructure, packaging, food services and retail, the release said.

Farming In Liberia
Market Stalls in Liberia

PFF2  is averaging investments of about #0 million in the West African countries of Ghana, Nigeria, and Cote d’Ivoire, Ghana and in Ugandan, Kenya and Tanzania in East Africa and southern African countries of Zambia, Malawi,, South Africa and Zimbabwe.

The release further said, PPF2’s investment strategy is aligned with the Bank’s High5 priorities of feeding and industrializing Africa. It is in line with the Bank’s Ten Year Strategy, focusing on inclusive growth, strengthening agriculture and food security, and access to local finance, among other Bank strategies as well as government agriculture and agro-industry policies across African countries.

Press Statement – AFDB

Published by

West African Journal Magazine

The West African Journal was a major magazine publication in the United States with a focus on the Mano River region and West Africa sub-region during the civil crises in Liberia and neighboring countries during the decades of the 1990s. This was the period when many citizens and others in the sub-region were fleeing their homeland due to conflicts, and the magazine was a reliable source of information covering developments in the region and in the Diaspora.  However, the magazine suspended publication several years ago but is now back. It is, therefore, delightful that The West African Journal has been reactivated. The print edition of the magazine, to be published monthly and distributed in the United States, West Africa, and other parts of the world, will provide analysis of the major events of the period under review. Due to challenges relating to availability of reading materials in the sub-region, a few hundred copies of every edition of the magazine will be distributed free of charge to libraries and reading rooms at schools and institutions of higher learning in the sub-West Africa sub-region. The Journal covers government/politics, economics/international trade/investment and partnerships, women's issues, showcase of tourism and historic attractions in West Africa in particular, and Africa in general, as well as cover the Diaspora, entrepreneurship, among others. The Journal also taps into growing interest in the Unites States regarding resource-rich Africa as the next frontier for global economic progress amid an increasing global competition for access to the continent’s abundant natural resources. The magazine will regularly cover bilateral and multilateral partnerships between the US/multinational agencies and Africa/individual African countries. More importantly, in considering the danger of Climate Change and Global Warming, The Journal serves as a strong and unrelenting advocate to create international awareness regarding Climate Change, especially how West African countries and the African Continent as a whole are being negatively impacted. Through its environmental coverage, The Journal promotes education and awareness for people to be empowered. Our experienced team of editors, reporters and feature writers are excited to bring the stories that impact politics, finance, economy, arts, health, education, climate change, women and youth issues in Africa today. Contact The West African Journal is registered and published in Washington, D.C., U.S.A. Plans are underway to open a bureau office in Liberia, from which operations in other West African countries will be coordinated. Our journalists, who bring decades of high engagement of news and reportage, include former BBC veteran correspondent Isaac D.E. Bantu, former Daily Observer Features Editor and publisher of the West African Journal Joe S. Kappia, and Pana Press Editor Tepitapia K. Sannah, and respected Photo journalist and editor Gregory Stemn. These experienced and internationally-respected journalists ensure a high standard of professional journalism. Information and inquiries for The West African Journal should be directed to the following: Editor-in-Chief; Email: WestAfricanJournalMagazine@gmail.com Isaac D.E. Bantu: Publishing Partner; Email: WestAfricanJournalMagazine@gmail.com Mailing Address: P.O. Box 55053, Washington, D.C. 20040-5053 USA Thank you. Managing Editor