By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
African Perspective

African Development Bank Approves $16.6 Million for Agricultural Technology Expansion

African Development Bank grants $16.6 million to IITA to scale climate-resilient technologies under TAAT-III, aiming to boost food production and reach 14 million farmers.

African Development Bank Approves $16.6 Million for Agricultural Technology Expansion
The High Street Journal
Feb 27, 2026

The African Development Bank Group has awarded a $16.6 million grant to the International Institute of Tropical Agriculture (IITA) to scale up climate-resilient agricultural technologies across Africa under the third phase of the Technologies for African Agricultural Transformation programme (TAAT-III).

The agreement, signed on 18 February 2026 in Abuja, is aimed at accelerating the deployment of proven farming innovations, strengthening seed systems, and deepening collaboration among research institutions, governments and private sector actors.

TAAT, launched in 2018, has grown into one of the continent’s largest agricultural innovation platforms. According to the Bank, the programme has reached nearly 25 million farmers and expanded climate-resilient practices across more than 35 million hectares of farmland. Working with partners including the Consultative Group on International Agricultural Research (CGIAR), TAAT has helped increase crop yields by as much as 69 percent and generated over $4 billion in additional agricultural value.

Several countries, including Sudan, Ethiopia, Zambia, Zimbabwe and Nigeria, have recorded productivity gains in staple crops and improved resilience to climate shocks under earlier phases of the initiative.

Nigeria has been a major beneficiary. Under the programme’s Wheat Compact, farmers adopting improved heat-tolerant wheat varieties more than doubled yields from 1.7 tonnes per hectare to 3.5 tonnes per hectare. Seed system assessments supported by the programme have also informed reforms aimed at expanding access to certified, climate-resilient seeds.

READ ALSO

Africa’s $5.2 Billion Streaming Market Faces Distribution, Financing Gaps, Study Finds
Africa’s $5.2 Billion Streaming Market Faces Financing, Distribution Gaps, Study Finds
OPEC Fund, SEforALL Push to Scale Up Electricity Access Across Africa
DFC Targets African Investment Gaps With Expanded $205bn Financing Capacity

Speaking at the signing ceremony, Abdul Kamara, Director General of the Bank Group’s Nigeria Country Department, said the new phase would prioritise faster and broader scaling of innovation. He noted that TAAT-III would strengthen delivery systems to ensure climate-resilient technologies reach farmers more efficiently while aligning agricultural transformation efforts with the Bank’s “Four Cardinal Points” strategic focus areas.

The initiative is financed through the African Development Fund, the Bank Group’s concessional lending window for low-income countries. Under TAAT-III, the programme will adopt a more sustainable, private sector-driven delivery model, reinforce seed and technology distribution systems, and expand digital tools such as technology e-catalogues and real-time monitoring platforms.

Simeon Ehui, Director General of IITA, said the new funding would enable the institute to deepen the delivery of science-based solutions that improve farmers’ yields and livelihoods, while strengthening the resilience and competitiveness of Africa’s food systems.

TAAT also played a key role in supporting the Bank Group’s Africa Emergency Food Production Facility, which helped countries rapidly deploy improved seeds and farming technologies during recent global food supply disruptions.

Under its third phase, the programme is expected to reach an additional 14 million farmers across 37 low-income and vulnerable countries supported by the African Development Fund, consolidating earlier gains and embedding agricultural innovations into long-term national investment strategies.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Ghana, U.S. Seek to Maximize AGOA Gains as Extension Opens 15-Month Trade Window Ghana, U.S. Seek to Maximize AGOA Gains as Extension Opens 15-Month Trade Window
Next Article $205M Boost for Indigenous Mining: Stanbic Bank Leads Landmark Financing to Power E&P’s Operations $205M Boost for Indigenous Mining: Stanbic Bank Leads Landmark Financing to Power E&P’s Operations
- Sponsored Content -
Ad imageAd image

LATEST NEWS

Oppong Nkrumah Charges Fiscal Council to Investigate Fiscal Inconsistencies in 2027 Budget
Oppong Nkrumah Charges Fiscal Council to Investigate Fiscal Inconsistencies in 2027 Budget
Business & Economy
Why the $10Bn New Economy Programme of Government is Not Believable – Minority's Analysis
Why the $10Bn New Economy Programme of Government is Not Believable – Minority’s Analysis
Business & Economy
Dr. Donkor Proposes Revival of State Gold Company to Hold Gold Assets, as Local Firms Operate Mines
Women’s Development Bank Must Reach Rural Entrepreneurs to Deliver Economic Impact
Business & Economy
Poultry and Garments Become the 2027 Budget’s Test of Import Substitution
News
Ghana Warns of Phishing Attacks After Microsoft Outage
News

You May Also Like

Nigeria, US Sign Mining Deal to Deepen Investment and Local Processing

ITFC Signs $1 Billion Trade Finance Deal With Mauritania

ITFC Signs $1 Billion Trade Finance Deal with Mauritania

Africa Faces Up to $100 Billion Infrastructure Financing Gap

Africa Faces Up to $100 Billion Infrastructure Financing Gap

Africa’s Eurobond Market Reopens at a Cost as Borrowers Face Elevated Yields

Africa’s Eurobond Market Reopens at a Cost as Borrowers Face Elevated Yields

Senegal Steps Up Industrial Drive as Oil and Gas Projects Boost Economic Transformation

Senegal Steps Up Industrial Drive as Oil and Gas Projects Boost Economic Transformation

Middle East Crisis to Cut Africa’s 2026 Growth by 0.2%, Joint Report Warns

Middle East Crisis to Cut Africa’s 2026 Growth by 0.2%, Joint Report Warns

Cotonou to Host Next Fintech Forum, Africa Blockchain Conference as West Africa Shifts Focus to Economic Value

Cotonou to Host Next Fintech Forum, Africa Blockchain Conference as West Africa Shifts Focus to Economic Value

AfCFTA Pushes for Expansion of Africa’s Pharmaceutical Manufacturing Capacity

AfCFTA Pushes for Expansion of Africa’s Pharmaceutical Manufacturing Capacity

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

%d