AU’s Sacko on building new Malabo consensus to transform agriculture

The African Union's Commissioner for Rural Economy and Agriculture, Josefa Leonel Sacko, recently discussed the pressing issue of climate change and its impact on agriculture in Africa. In an exclusive interview with CNBC Africa's Fifi Peters, Sacko highlighted the importance of formulating policies to attract investors to the continent as a key strategy for transforming the agricultural landscape. One of the key initiatives that Sacko mentioned was the implementation of the African leader's Nairobi Declaration, which focuses on addressing the challenges posed by climate change and food insecurity. This declaration, adopted in Kenya last year, outlines a comprehensive strategy for enhancing climate resilience and developing sustainable food systems across the continent. The Commissioner emphasized the urgent need to mobilize funds to support these initiatives and operationalize the outlined strategies. Furthermore, Sacko underscored the significance of leveraging Africa's natural resources, such as the carbon market, to promote green development and attract private investments. By creating a conducive policy environment and promoting zero-emission industries, Africa aims to position itself as an attractive destination for investors seeking sustainable opportunities. In terms of financial support, Sacko acknowledged the challenges faced by African countries in accessing funding from institutions like the Green Climate Fund. To address this issue, the African Union is collaborating with organizations like the Afrexim Bank to develop bankable projects aligned with national climate goals. Sacko also highlighted Africa's participation in the G20 and emphasized the need for reforming international financing institutions to better serve the continent's financial needs. The recent conflict between Russia and Ukraine has further underscored the importance of enhancing Africa's food sovereignty and agricultural self-reliance. In response to the disruptions in fertilizer supply chains, the African Union is prioritizing investments in local fertilizer production to ensure food security and combat malnutrition on the continent. The upcoming climate summit in May will focus on sustainable agricultural practices and soil health, aligning with Africa's commitment to achieving the goals set forth in the Malabo Declaration. Looking ahead, Sacko highlighted the post-Malabo agenda as a critical opportunity for African leaders to chart a new vision for transforming agriculture beyond 2025. By embracing digital technologies and innovations like artificial intelligence, Africa aims to enhance productivity, create employment opportunities, and improve food security. The integration of cutting-edge technologies in agriculture will play a pivotal role in driving sustainable development and economic growth across the continent. Sacko's vision for the future of African agriculture encompasses a holistic approach that combines policy reforms, financial mobilization, technological advancements, and sustainable practices. With a focus on resilience, innovation, and investment, Africa is poised to usher in a new era of agricultural transformation that addresses the challenges of climate change, fosters economic prosperity, and ensures food security for its growing population.