NEPAD aims to provide an overarching vision and policy framework for accelerating economic co-operation and integration among African countries.
NEPAD is a merger of two plans for the economic regeneration of Africa: the millennium partnership for the African recovery programme (MAP). The leaders of G8 countries endorsed the plan on July 20, 2001; and other international development partners, including the European Union, China, and Japan also made public statements indicating their support for the programme.
NEPAD’s four primary objectives are: to eradicate poverty, promote sustainable growth and development, integrate Africa in the world economy, and accelerate the empowerment of women. It is based on underlying principles of a commitment to good governance, democracy, human rights and conflict resolution; and the recognition that maintenance of these standards is fundamental to the creation of an environment conducive to investment and long-term economic growth.
In the same vein, the African Union Commission, together with the African Union’s Development Agency, AUDA-NEPAD, and OCP Group , a leading global producer of fertilizer have strengthened their partnership to support the development of the African Agricultural Sector through the signature of a comprehensive Memorandum of Understanding (MoU).
The MoU was signed by Josefa Leonel Correia Sacko, African Union Commissioner for Rural Economy and Agriculture, OCP Group’s Chairman and CEO, Mostafa Terrab, and Dr Ibrahim Assane Mayaki, CEO of the AUDA-NEPAD, represented by Dr Hamady Diop, on the sidelines of the ongoing African Green Revolution Forum (AGRF) held recently in Accra, Ghana.
The African Union, AUDA-NEPAD partnership with OCP Group, a major African private sector player with extensive global reach, demonstrates a shared commitment to deepen collaboration with all actors, including the African private sector to reduce jointly hunger and poverty through the sustainable transformation of the agricultural sector on the Continent.
OCP Group is a major player in Africa’s sustainable development and does so by contributing to the African agricultural ecosystem through support to African farmers and targeted private and public African actors and stakeholder. The Group supports innovative mechanisms aimed at creating resilient and sustainable agricultural productivity to enable Africa to reach its full agricultural potential while protecting its natural environment.
This partnership is intended to facilitate effective coordination of the implementation and delivery of a set of goals as outlined in the African Union Malabo Business Plan on Agriculture Transformation which aims to increase productivity and catalyse private sector investment.
As such, the parties aim to promote the use of agricultural inputs, including access to customized fertilizer to the soil and crops of each region, and to develop the efficiency of the fertilizer whole value chain by working on corridors approach.
The agreement will therefore be operationalized by strengthening a conducive environment for private sector investment in agriculture; equipping African Union member states with the right policies and tools to support the achievement of the Abuja commitments on fertilizer use; strengthening efficient and sustainable use for smallholders to increase the sector’s productivity and promote inclusive growth; as well as strengthening national and regional agricultural policies aimed at boosting the adoption of good agricultural practices and innovations.
The Comprehensive African Agricultural Development Programme (CAADP) of the African Union monitored by the AUDA-NEPAD, is one of the continental frameworks under Agenda 2063 and it aims to help African countries eliminate hunger and reduce poverty by raising economic growth through agriculture-led development as well as promote increased national budget provision to the agriculture sector.