LONDON, UK, November 8, 2021 -/African Media Agency(AMA)/- As we approach the two-year mark since the beginning of the global pandemic, many from the public and private sector are coming together with the common goal to “Build Back Better” for a more resilient economy. Such is the case with Agri Resources Group (a subsidiary of Monaco Resources Group), which for several years now has quietly worked on building sustainable food and agricultural supply chains in Sub-Saharan Africa and Madagascar – regions which have been strongly affected by the global pandemic.
Even before COVID-19 broke out, the African food system was in crisis and in 2020, more than 264 million people in Sub-Saharan Africa experienced severe food insecurity – most of them in rural areas.
Moreover, an estimated 32 percent of children in Sub Saharan Africa suffer from stunted growth, which puts them at greater risk of dying from common infections, as well as jeopardising their cognitive development. Although global estimates show that food insecurity has been declining since the year 2000, in 2020 more than one in five (149.2 million) children under five showed stunted growth development, and 45.4 million suffered from being underweight1.
COVID-19 IMPLICATIONS
Along with conflict, climate shocks and the locust crisis, COVID-19 has created additional threats to food systems. This has indirectly reduced purchasing power and the capacity to produce and distribute food, affecting the most vulnerable populations. In 2020, up to 46 million more people in Africa alone suffered from undernourishment compared with 20192 .
1Source: UNICEF-WHO-World Bank Group Joint Malnutrition Estimates , 2020 edition
2Source: The State of Food Security and Nutrition in the World (SOFI) 2021
AGRI RESOURCES GROUP RESPONSE
To contribute to the agricultural sector recovery, Agri Resources Group is reinforcing its efforts in:
This includes investments in the sustainable management of Group land – boosted by the Agri Resources Group Sustainability bond, issued in 2021 in collaboration with local partners, such as Inside Madagascar.
The Group hires locally, aiming to create legitimate employment opportunities and develop local leadership in the agricultural sector, which could appeal to young people.
Agri Resources Group partners with smallholder farmers and local businesses to add value to their product. The Group also invests in added value processing activities in remote locations. Additionally, the Group leverages its logistics and marketing network to create and secure the most effective routes to market for its network of local producers.
“We operate in areas which are still facing major challenges related to poverty and food insecurity, and we recognise that our company has an important role to play in driving positive change for our employees, suppliers and local communities. We are strongly committed to promoting a sustainable future for all stakeholders and take a proactive approach to tackling the issues emphasised by the pandemic.”Frédéric Dalmasie CEO of Agri Resources Group
The Group has launched several strategic initiatives in its most vulnerable operating regions, including:
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Agri Resources Group strategic initiatives Created in 2021, Agri Resources Benin is focused on:
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Agri Resources Congo is leveraging its farm base, processing facilities, warehouses, and modern machinery rare for the region to:
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Prang Agro Resources Ghana is leading several agronomic trials to find resilient crops which can adapt to the local environment.The company has also initiated several social initiatives such as:
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SAG (Société Agricole de Guinée) is currently focusing on:
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Agri Resources Madagascar is partnering with more than 600 vanilla farmers to help them improve and diversify their income. The Company purchases the other products they make, as well as investing in processing equipment in remote locations.
Agri Resources Madagascar also has an open-door policy, and in partnership with Inside Madagascar we have developed several projects for:
Distributed by African Media Agency on behalf of Agri Resources Group.
Media Contacts
Deyana Mincheva
d.mincheva@agri-resources.com