Equatorial Guinea has announced that it has contributed US$30mn to a solidarity trust fund, which was recently set up with the aim of promoting food security in the region
A ceremony at the margins of the Third Africa-South America Summit (ASA) held in Malabo marked the first contribution to the Africa Solidarity Trust Fund.
Following the signing of the donation agreement with the President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo (pictured), FAO director-general José Graziano da Silva said that the contribution was part of the country’s plans to combat hunger across Africa.
“This generous contribution by Equatorial Guinea helps transform political will to end hunger into concrete action,” stated FAO regional representative in Africa, Maria Helena Semedo.
“I invite others to follow this example and lend their financial support as well.”
The fund aims to support Africa-owned initiatives such as the African Union's Comprehensive Africa Agriculture Development Programme (CAADP) to increase agricultural productivity in the continent.