{"id":65629,"date":"2021-08-02T13:49:03","date_gmt":"2021-08-02T12:49:03","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=65629"},"modified":"2021-08-02T13:49:03","modified_gmt":"2021-08-02T12:49:03","slug":"afdb-to-provide-150m-for-women-in-agricultural-sector","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/08\/02\/afdb-to-provide-150m-for-women-in-agricultural-sector\/","title":{"rendered":"AfDB to provide $150m for women in agricultural sector"},"content":{"rendered":"<p>The African Development Bank (AfDB) has stated that it will provide $150 million to support women in the agriculture sector before the close of the year.<\/p>\n<p>This was stated by AfDB vice-president for agriculture, human and social development, Beth Dunford during the pre-summit to the 2021 United Nations <span data-preserver-spaces=\"true\">(<strong><a href=\"https:\/\/www.un.org\/en\/\" target=\"_blank\" rel=\"noopener\">UN<\/a><\/strong>) food systems summit.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Dunford reiterated the institution\u2019s commitment to closing the financing gap for women and warned of the impact of gender <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/07\/14\/high-unemployment-rate-threatens-buharis-plan-to-lift-100m-nigerians-out-of-poverty-afdb\/\">inequality<\/a> on food systems in Africa.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cClosing gaps in economic opportunities is not only essential for women\u2019s empowerment but African economies, particularly for GDP growth, poverty reduction, and structural transformation for sustainable development,\u201d she said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Dunford reaffirmed the bank\u2019s commitment to women\u2019s empowerment in every sector through its policies, such as the new gender strategy 2021-2025 and the feed Africa strategy, which prioritizes gender equality and sustainable outcomes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to her, AfDB will provide a road map for gender interventions in the next four years, focusing on the agriculture sector where women have the highest entrepreneurial potential.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">She also said providing access to finance for women-owned small and medium enterprises in Africa is an important component of the bank\u2019s strategy to establish a conducive business environment for women entrepreneurs to thrive.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cBy the end of 2021, the Bank is expected to have provided close to $500 million of which $150 million will benefit women in the agriculture sector, and to work with public and private sector partners to develop alternative financial models to increase the ability of women farmers to access the financing and skills they need to grow sustainably,\u201d she added.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIn sub-Saharan Africa, the financing gap for African women in agricultural value chains is estimated at $15.6 billion.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It explained that women play a pivotal role in agriculture and agribusiness and require more robust and responsive regulatory and policy frameworks for countries to benefit from their contributions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The UN food systems summit is scheduled to hold in New York in September 2021.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The African Development Bank (AfDB) has stated that it will provide $150 million to support women in the agriculture sector before the close of the year. This was stated by AfDB vice-president for agriculture, human and social development, Beth Dunford during the pre-summit to the 2021 United Nations (UN) food systems summit. Dunford reiterated the [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":65640,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[38],"tags":[2677,14742,14744,14743],"class_list":["post-65629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","tag-afdb","tag-beth-dunford","tag-poverty-reduction","tag-un-food-systems"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AfDB to provide $150m for women in agricultural sector<\/title>\n<meta name=\"description\" content=\"The African Development Bank (AfDB) has stated that it will provide $150 million to support women in the 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