Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    June 15, 2026

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows
    • South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment
    • Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut
    • Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order
    • Fitch Affirms China at ‘A’ With Stable Outlook
    • Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz
    • XRP Gains 4% as Ripple Sets $1bn Income Target for 2026
    • DOT – Polkadot Gains on T. Rowe Price Active Crypto ETF Approval
    • Home
    • About Us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Inside Africa » AfDB, IITA Sign $27m Agreement to Boost Agricultural Transformation in Africa

    AfDB, IITA Sign $27m Agreement to Boost Agricultural Transformation in Africa

    Olu AnisereBy Olu AnisereMarch 12, 2025 Inside Africa No Comments3 Mins Read
    AfDB, IITA Sign $27m Agreement to Boost Agricultural Transformation in Africa
    Share
    Facebook Twitter LinkedIn Pinterest Email

    AfDB, IITA Sign $27m Agreement to Boost Agricultural Transformation in Africa

    The African Development Bank (AfDB) and International Institute of Tropical Agriculture (IITA) on Wednesday signed the 27 million dollars agreement to finance the Technologies for African Agricultural Transformation (TAAT) Phase II programme.

    Dr Abdul Kamara, the Director-General, Nigeria AfDB Group, who said this at the signing ceremony, reaffirmed the AfDB’s commitment to advancing agricultural transformation across Africa.

    Kamara said the agreement aligns with its Feed Africa strategy, which seeks to boost smallholder farmers’ productivity and enhance food security.

    He said the additional financing built on the 40 million dollars provided for Phase I of TAAT would focus on expanding access to agricultural technologies for over 40 million smallholder farmers across the continent.

    According to him, the TAAT programme is not just an agricultural initiative but a transformational effort aimed at enhancing food security, strengthening climate resilience, and promoting sustainable agricultural practices.

    ”This Additional Financing of the TAAT Programme, is building on Phase I, which the Bank funded with 40 million dollars, and Phase II with 27 million dollars implemented by IITА (as lead implementer), working closely with other CGIAR Centers and National Agricultural Research Institutions in many countries.

    “This Additional Financing of the TAAT Phase II Programme is financed with five million Euro grant from the Donor Contributions Window of the Transition Support Facility (TSF), thanks to the generous contribution of the Federal Republic of Germany.

    “TAAT Phase II will focus on empowering low-income African countries by increasing productivity, strengthening food systems, improving farmers’ incomes, and positioning Africa to become a net food exporter.”

    The director-general added that the programme would support activities such as farmer capacity building, digital agriculture solutions, extension services, and private sector investment in agricultural value chains.

    He reiterated AfDB’s commitment to supporting agricultural research and innovation to drive Africa’s food security agenda, emphasising that TAAT remained a key instrument in achieving the continent’s long-term agricultural goals.

    Also speaking, the IITA Director-General, Dr Simeon Ehui, commended AfDB for its sustained partnership and leadership in driving Africa’s agricultural transformation.

    Ehui reaffirmed IITA’s commitment to working with CGIAR Centers, National Agricultural Research Institutions, and the private sector to ensure the success of the programme.

    According to Ehui, TAAT has already demonstrated the power of science-driven solutions in improving productivity, strengthening food systems, and enhancing farmers’ resilience to climate change.

    He highlighted the successes of TAAT Phase I, which included the facilitation of the scaling of improved seed varieties, climate-smart practices, and mechanisation solutions to millions of farmers.

    For Phase II, he said efforts would focus on accelerating the deployment of agricultural technologies, strengthening partnerships, promoting youth and women engagement in agribusiness, and enhancing food and nutrition security.

    “With this grant, we reaffirm our commitment to delivering impact-driven agricultural solutions. The journey ahead requires sustained investment, policy support, and strong collaboration,” IITA director-general said.

    He said that IITA would continue working closely with AfDB and other stakeholders to ensure the programme contributes to reduction of food imports and unlocks Africa’s agricultural potential. #AfDB, IITA Sign $27m Agreement to Boost Agricultural Transformation in Africa#

    South African Market on Edge Before Budget Shut Down

    AfDB Africa IITA
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    Fitch Affirms China at ‘A’ With Stable Outlook

    Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz

    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    June 15, 2026

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    June 15, 2026

    Fitch Affirms China at ‘A’ With Stable Outlook

    June 15, 2026
    Latest Posts

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    June 15, 2026

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    June 15, 2026

    Fitch Affirms China at ‘A’ With Stable Outlook

    June 15, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.