Public Management

Food Security: Japan announces $33.5M aid for 15 countries in sub-Saharan Africa

Food Security: Japan announces $33.5M aid for 15 countries in sub-Saharan Africa
Monday, 04 March 2024 18:12

The package should benefit countries grappling with the food shortages spurred by the war in Ukraine, regional conflicts, and droughts induced by climate change.

Japan will provide Africa ¥5.042 billion (approximately $33.5 million) to enhance food security. The Japanese Ministry of Foreign Affairs disclosed the aid on March 1, 2024.

According to the same source, this funding will benefit 15 Sub-saharan African countries, including Kenya, South Sudan, and Mali. It will facilitate the distribution of food items such as cereals through the World Food Programme (WFP).

Food security has deteriorated in several African countries in recent years, primarily due to rising food prices following the war in Ukraine, regional conflicts, political instability, and waves of drought induced by climate change.

During the 8th Tokyo International Conference on African Development (TICAD-8), held in August 2022 in Tunis, Japan pledged to mobilize $30 billion for Africa over three years in the form of investments and financing. This should bolster various sectors including agriculture, health, green economy, and human capital promotion.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
CEMAC non-performing loans fall to 16.0% in 2025, BEAC says Lending rises 10.7% despite tighter liquidity and higher borrowing costs Growth,...
Investec secures $200 million IFC loan for green housing finance Funds to support eco-buildings, affordable green home loans in South...
“Keur Samba” securitization bonds begin trading on the BRVM Operation backed by NSIA Banque CI and Orabank CI totals CFA52 billion Move aims...
Witti Finances Holding acquired a majority stake in Kajas Microfinance, entering the Senegalese market. The firm rebranded the entity as Witti...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
04

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
05

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.