18 June 2012
Britain will help millions of poor farmers across Africa to use innovative technology to boost food security through a scheme backed by world leaders, the World Bank and the Bill and Melinda Gates Foundation.
The new joint initiative will help develop and introduce successful farming and agricultural technology to farmers who need it most. Backed by Britain, Canada, the United States, Italy and Australia, the scheme will harness the creativity of the private sector – such as large grain traders, cereal millers or food processors – by offering funding to help bring tried and tested products to a wider market.
Similar financing has already revolutionised the production and supply of new life-saving vaccines at lower prices in developing countries. Creating a market for tried and tested technologies will help reduce the cost of production and make it easier for companies to deliver them to the poorest farmers.