“We want to advance a future where Africa participates more fully in global food and fertilizer markets and supply chains,” Yellen said as farmers, mostly women wearing brightly colored…
CHONGWE, Zambia — U.S. Treasury Secretary Janet Yellen traveled from a small farm on a rural red clay road to a ramen noodle manufacturing plant in Zambia’s bustling capitol of Lusaka on Tuesday to showcase Africa’s potential to help solve the world’s problems with food shortages.
The continent’s potential is evident in one statistic: Africa has 60 percent of the world’s uncultivated arable land. Echinah Mfula, a Chongwe farmer and participant in the Twalumbu Savings Group, which helps its members pool money to buy livestock and food, said, “It’s been a challenge. It’s been a big challenge for us, but we are successful.”
Solving the country’s well-documented debt crisis is more important than ever if financing for new agricultural projects is to be possible. Food insecurity is increasing around the globe, due to COVID-19, Russia’s invasion of Ukraine, and rising food costs, according to a report released Tuesday by the U.N. Food and Agricultural Organization and other United Nations agencies. Nearly a half-billion people were undernourished in 2021 and more than 1 billion faced moderate to severe food insecurity, the report said.
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