Skip to main content

Africa Progress Panel to launch report on grain, fish and money

By: Fred Yaw Sarpong

The Africa Progress Panel, chaired by former United Nation (UN) Secretary-General, Mr. Kofi Annan will this Thursday 8, May 2014, launch a new report titled ‘Grain, Fish, Money: Financing Africa’s Green and Blue Revolutions’ in Abuja, Nigeria.

Africa has the potential to feed not just itself but other regions too, according to this year’s Africa Progress Report, ‘Grain, Fish, Money’. The report argues that the continent will one day play a critical role in helping the world to meet global food demand, expected to double by 2050.

With concerns about the continent’s growing inequality, Africa’s green and blue revolutions can extend economic growth to the two thirds of Africa’s populations who depend on these sectors for their livelihoods.

“Unleashing these revolutions requires that Africa’s farmers and fishing communities have better access to both financial services and to infrastructure, such as roads and storage. Financing this infrastructure will be expensive, but at least some of these costs can be covered if the plunder of Africa’s timber and fisheries is brought to an end”, said the note to the report.

Echoing the findings of last year’s Africa Progress Report, Equity in Extractives, Africa loses tens of billions of dollars every year to unethical and unsustainable business practices, including the plunder of Africa’s precious natural resources such as timber and fisheries to a few corrupt investors and officials. This loss of natural resources also has a negative impact on the livelihoods and food and nutrition security of millions throughout the region.

“Impressive innovation and smart government policies are changing age-old farming ways. A handful of countries have already begun their agricultural revolutions. Now these successes must be extended to the rest of the continent”, it stated.

Meanwhile, the panel stated that the global food system is under acute and rising pressure – and Africa’s farmers are feeling its full force. There is still more than enough food in the world to feed everyone. But population and economic growth as well as the search for low- carbon energy sources are driving up demand for arable land, while climate change, ecological constraints and lower levels of productivity growth in agriculture are limiting food supply.
“While these emerging strains in the global food system offer Africa some opportunities, they also carry very large risks. Higher food prices could create incentives for African governments to invest in agriculture and raise productivity, or they could lead to a dramatic worsening of poverty and malnutrition among vulnerable populations. Africa’s vast untapped potential in agriculture could become a source of rural prosperity and more balanced economic growth, or it could act as a magnet for more speculative investments, land grabs and the displacement of local communities”, it further stated.

The note continued: “Carbon markets might open up opportunities for small farmers to benefit from climate change mitigation efforts in rich countries, though the benefits have so far proven limited and the future of these markets remains uncertain. What is certain is that Africa’s farmers will bear the brunt of dangerous climate change, with drought and unpredictable rainfall patterns reinforcing rural poverty and undermining food systems”.

In a recent policy paper, Africa Needs a Green Revolution, the Africa Progress Panel set out an agenda for change to put smallholder farmers and agriculture productivity at the centre of national food security and nutrition strategies, with a focus on women farmers; strengthen social protection and food safety nets; develop risk management and adaptation systems to prepare for climate change; ensure that Africa’s land and water resources are sustainably managed to provide food and nutrition security and livelihoods; protect Africa’s farmers against large-scale land purchases that do not protect the rights of communities to natural resources or promote local or national food security; focus policies on household enterprises to reduce poverty and dependence on agriculture; and strengthen early warning and response systems for food security crises.


Popular posts from this blog

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…

Vodafone fined a record £4.6 million for IT blunder

A top-up error left pay-as-you-go customers out of pocket and complaints were mishandled
Vodafone has been fined a record £4.6 million by the telecoms watchdog forleaving thousands of customers out of pocket in a disastrous IT blunder.
Ofcom found that the operator mishandled complaints and failed to pay into the accounts of more than 10,000 pay-as-you-go customers when they topped up their credit.
The top-up error, which cost customers £150,000 over 17 months in 2014 and 2015, stemmed from the moving of 28.5 million accounts to a new billing system.Errors in billing data and price plans caused so much protest that it made Vodafone the most complained-about mobile network in Britain.The technical issues were resolved by April 2015 and all accounts are now on the new system, Vodafone said.
Lindsey Fussell, Ofcom’s consumer group director, said:“Vodafone’s failings were serious and unacceptable, and these fines send a clear warning to all telecoms companies.”
The company says that it has ref…

Enterprise Life inaugurates social centre for Kumasi SOS village

By: Fred Yaw Sarpong
Enterprise Life and Sanlam South Africa together with SOS Children’s Villages Ghana have jointly inaugurated a newly constructed social centre at the SOS Children’s Village, Kumasi in the Ashanti region.
The project, valued at GHc485,000.00 forms part of Enterprise Life and Sanlam-South Africa’s corporate social responsibility (CSR) to promote quality education and health for vulnerable children in Ghana.
The newly established social centre provides a suitable multi-purpose facility with a spacious auditorium among others to host different social activities related to child growth and development and will cater for both SOS children and students of the Hermann Gmeiner School.
The centre also offers the beneficiaries the opportunity to freely socialize and participate actively in educational oriented activities such as school concerts, art exhibitions and workshops.
The Executive Director of Enterprise Life, Mrs. Jacqueline Benyi expressed satisfaction that her outf…