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Malabo Montpellier Panel: How to develop a sustainable African bio-economy
Agriculture experts, Malabo Mont Pellier Panel has compiled a report to accelerate progress within African agriculture. Joining CNBC Africa to discuss how Africa is harnessing nature towards a sustainable bioeconomy is Dr. Ousmane Badiane, Co-Chair of the Malabo Montpellier Panel.
Tue, 24 May 2022 10:45:46 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Diversification of food sources is crucial for enhancing food security and reducing the cost of food production in Africa.
- Repurposing biological products and services can create new value chains, generate jobs, and improve access to nutritious and affordable food.
- Collaborative efforts from government, private sector, and research institutions are essential to scale up bioeconomy initiatives and drive sustainable development.
The agriculture sector in Africa has seen significant progress in recent years, with a growing focus on developing a sustainable bioeconomy. In a recent interview with Dr. Ousmane Badiane, Co-Chair of the Malabo Montpellier Panel, key insights were shared on how African countries are harnessing nature to drive economic growth and food security. Dr. Badiane emphasized the importance of diversifying food sources, both in terms of variety and sustainability. The recent crisis in Ukraine has highlighted the need for African countries to enhance their food security by tapping into biological and ecological resources that are abundant on the continent. By leveraging these resources, African nations can create new value chains, generate jobs, and improve access to nutritious and affordable food. The report compiled by the Malabo Montpellier Panel focuses on identifying opportunities for African countries to develop a healthy and sustainable bioeconomy. The key theme revolves around utilizing biological products and services to drive economic growth and address food security challenges. By repurposing underutilized or waste materials, such as food waste and plant material, African nations can unlock new markets and create innovative products with lower environmental impact. Dr. Badiane stressed the importance of scientific innovation, skills development, and infrastructure investment to scale up bioeconomy initiatives. South Africa's success in bioeconomy serves as a testament to the potential impact of adopting sustainable practices. The country's bioeconomy contributes up to 8% of its GDP and has created millions of jobs over the past decade. Achieving similar success requires collaborative efforts from various stakeholders, including government, private sector, and research institutions. The development of a robust innovation ecosystem, supportive policies, and strong intellectual property rights are essential components for fostering a thriving bioeconomy. Dr. Badiane highlighted the need for coordinated actions and strategic planning to realize the full potential of bioeconomy in Africa. The path to sustainable development through bioeconomy is paved with opportunities for economic growth, job creation, and improved food security. With the right framework in place, African nations can leverage their natural resources to build resilient and prosperous societies.
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