African development fund - Latest News Update, Information, Photos & Videos on African development fund at Lokmat Times

The African Development Bank (AfDB) through its concessional arm, the African Development Fund, has approved a 5.4 million US dollar grant to support the building of urgently needed food security in Somalia.Nnenna Nwabufo, director-general for the Bank's East Africa region, said in a statement released Wednesday that the effect of the prolonged drought and the added impact of the Russia-Ukraine conflict has deepened food insecurity in the country.Nwabufo said the grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security and will specifically deploy certified quality seeds of climate-adapted fodder varieties and enable the establishment of fodder banks in the six regional states of the country."Over the years, droughts have been increasing in severity and frequency in Somalia, creating conditions of chronic vulnerability with persistent food insecurity, widespread economic hardships, conflicts, and migration, hitting the pastoralist and agro-pastoralist communities hardest," she said.According to the United Nations, more than 7.1 million people, nearly half of the total population, are facing historic levels of drought in Somalia.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

African Development FundFOLLOW

African development fund, Latest News

International :AfDB approves 5.4 million USD to boost food security in Somalia

The African Development Bank (AfDB) through its concessional arm, the African Development Fund, has approved a 5.4 million US dollar grant to support the building of urgently needed food security in Somalia. ...