The Malawi agriculture sector is enjoying a massive investment of about $500 million in the 2015/16 financial year, running from July to June. This revelation was made at the 2014/15 Agriculture Joint Sector Review meeting by the chairperson of the Donor Committee on Agriculture and Food Security (DCAFS) Nikolas Bosscher on Thursday in Lilongwe.
DCAFS comprises of Development Partners who include the African Development Bank, Brazil Embassy, DFID, European Union, Flanders Government, GIZ, Irish Aid, JICA, Embassy of Japan, Norwegian Embassy, USAID, World Bank, FAO and the rest of the UN family.
The donor contribution to the sector is estimated at $265 million, while the government and non-governmental organisations (NGO) have injected $170 million and $46 million, respectively.
“Through increased and improved partnerships between the government, Development Partners, academic and research institutes, NGOs, farmer organisations and the private sectors we should be able to increase our overall impact to the benefit of the sector and the farming population,” Bosscher stated.