Donors have pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent.
A statement said the pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation (FAO) and Equatorial Guinea President, Obiang Nguema Mbasogo, on the sidelines of the African Development Bank (AfDB’s) Annual Meetings in Malabo, Equatorial Guinea.
Opening the forum at the Sipopo conference center Mbasogo said the Fund illustrated “a turning point in the fight against food insecurity” and said his tiny oil-rich nation had donated generously out of its oil revenues to show solidarity to African countries.
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The Fund, an initiative of the United Nations Food and Agriculture Organisation, received its start-up contribution of $30 million from Equatorial Guinea, the host nation of this year’s meetings and Angola, which gave $10 million. Its projects have been lauded for providing innovative solutions for African agriculture and food systems.
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