WFP launches programme to tackle food system challenges in South Sudan

29

Juba, Nov 20 | The United Nations World Food Programme (WFP) launched the first-ever innovative programme to foster locally-driven solutions to tackle food systems challenges in food-insecure South Sudan.

Matthew Hollingworth, WFP country representative, on Friday said they are targeting South Sudanese entrepreneurs to innovate ideas with support from WFP IGNITE Innovation Hub for Eastern Africa aimed at providing solutions to improve food security.

About 760,000 South Sudanese have been affected by floods that have caused havoc in the country, Xinhua news agency reported.

A recent report released by the Food and Agriculture Organization (FAO) of the UN and the WFP says that the deficit in South Sudan’s cereal production is estimated at an all-time high of 465,600 tons in 2021.

IGNITE Food Systems Challenge will issue a call for applications starting on November 19 with support from the United Nations Development Programme. The application will be hosted on vc4a.com and will accept submissions until December 15.

“The programme seeks start-ups with innovations tackling hunger, improving food security, or strengthening regional food systems. Selected enterprises will receive technical support, training, and mentorship and have an opportunity to receive grant funding of up to 100,000 U.S. dollars,” said a statement issued by WFP.

It added that this contribution comes at a time of worsening food insecurity in Eastern Africa due to the compounding effects of rising conflict, climate change, natural disasters like drought and floods, locusts, and the COVID-19 pandemic.

Meshack Malo, FAO country representative, said the locally innovative ideas will go a long way in helping South Sudan reduce food dependency on humanitarian agencies and neighboring countries.

“Last year, South Sudan was only able to utilise 4 per cent of its arable land, so the challenge begins from there. There are many other areas such as marketing, insurance, and plant production and protection. We want to see innovations in using various technological aspects in order to understand our food security system,” said Malo.

WFP IGNITE Innovation Hub for Eastern Africa was launched in December 2020 to leverage WFP’s brand, public and private partners, deep field access, and expertise to develop, nurture and scale sustainable innovation for increased food security in the region.

Source: IANS

Next Story

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

Share Market Closing Bell: Nifty ends above 15,800, Sensex gains 180 pts

The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.

While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.

Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.

Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.

On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here