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World Bank report urges reduced barriers to trade to ensure food security

On November 1, 2012,

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By Sarah Tzinieris

World Bank report urges reduced barriers to trade to ensure food security

World Bank report urges reduced barriers to trade to ensure food security – Photo – By Oxfam East Africa

A new report by the World Bank, released on 24 October, says that food security in sub-Saharan Africa could be assured by reducing cross-border barriers to trade. It suggests that creating competitive food markets could make the continent self-sufficient and save up to US$20bn annually. According to the report, entitled ‘Africa Can Help Feed Africa: Removing barriers to regional trade in food staples’, farmers on the continent face more trade barriers in bringing food to market than any other part of the world. A combination of low agricultural yields, high transport costs and burdensome export regulations mean that many of the poorest countries remain largely dependent on food imports from other continents. The report calls on African governments to boost agricultural yields and put fertile land to use, with an estimated 400m hectares across the continent still uncultivated. Noting that only 5% of total cereal imports come from other African countries, it urges governments to stimulate cross-border trade and create stable market conditions that encourage investment in agriculture.

Sub-Saharan Africa is affected more by the burden of food insecurity than any other part of the world. Maplecroft’s Food Security Risk Index 2013 shows that 9 out of the 11 countries categorised at ‘extreme risk’ are in Africa. In the past year, tens of thousands died from drought in the Horn of Africa at the same time that flash flooding in the Niger Delta devastated harvests across West Africa. Africa’s perennial cycles of drought, flood and conflict are met by donor funds from developed countries, while food imports from outside Africa tend to address weak harvests or the non-availability of crops. However, as the World Bank’s latest report suggests, the resolution to one of Africa’s most significant problems could be closer to home. (more…)


If you would like to comment on this article, request further in-depth analysis, or contact the analyst for media comment please contact: blog@maplecroft.com

in Issues, Sub-Saharan Africa, Sustainability, by Jason McGeown
Tagged with: Africa • East African Community • Food security • Sahel • Sub-Saharan Africa • Trade barrier • West Africa • World Bank
 

Growing violence in Mali threatens regional stability

On February 10, 2012,

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With international attention in recent weeks largely focused on the conflict in Syria, the continuing Eurozone crisis and the looming US presidential elections, the significance of a sudden surge in violence in northern Mali has been largely overlooked.

The outbreak of violence in January 2012 is the first major incident in two years of relative peace in Mali following the end of the ‘third’ Tuareg rebellion in 2009. The current uprising is led by National Movement for the Liberation of Azawad (MNLA) which was formed in October 2011. Tuareg fighters have so far attacked several towns in northern Mali including Aguelhoc, Tessalit and Menaka. Fierce fighting has continued since then, rebels have expanded their attacks west towards Mauritania and eastwards to the border of Niger (more…)


If you would like to comment on this article, request further in-depth analysis, or contact the analyst for media comment please contact: blog@maplecroft.com

in Emerging markets, Political risk, Sub-Saharan Africa, Supply chain risk, by Jason McGeown
Tagged with: Algeria • Arms • Burkina Faso • Gold • instability • International Committee of the Red Cross • Libya • Mali • Mining • Niger • Political risk • Risk • Sahel • Tuareg • Tuareg people • United Nations Security Council • Weapons
 
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