Connect with us

International

Sustainable intensification in aggregate: Phase 2 of Kofi Annan’s uniquely African green revolution

July 24 to 26, 2023, in Rome, U.N. Secretary-General António Guterres will convene a U.N. Food Systems Stocktaking Moment, the first global follow-up…

Published

on

By Glenn Denning

July 24 to 26, 2023, in Rome, U.N. Secretary-General António Guterres will convene a U.N. Food Systems Stocktaking Moment, the first global follow-up to the 2021 Food Systems Summit. The event will provide opportunities for nations to review commitments made during the summit and share success stories and evidence of transformation. Africa will likely be in the spotlight in the search for progress in ending hunger, improving food security, and building resilience in the face of climate change.

Almost two decades ago, on the fringes of an African Union Summit in Addis Ababa, then-U.N. Secretary-General Kofi Annan, delivered a clarion call to action on ending hunger in Africa:

“We are here together to discuss one of the most serious problems on earth: the plague of hunger that has blighted hundreds of millions of African lives—and will continue to do so unless we act with greater purpose and urgency.”

In his Addis Ababa speech, delivered on July 5, 2004, Annan noted the vulnerability of African small-holder farmers to climate shocks and declining soil fertility, acknowledging that the scientific breakthroughs obtained in Asia could not be directly applied to Africa. Drawing on the work of the U.N Millennium Project Hunger Task Force, Annan called for a different kind of green revolution—a more holistic approach that would include small-scale irrigation, improvements in soil health, and complementary investments in infrastructure and social safety nets.

“Let us generate a uniquely African green revolution—a revolution that is long overdue, a revolution that would help the continent in its quest for dignity and peace.”

The “World Development Report 2008,” drawing on statistics up to 2004, noted that Asia’s green revolution breakthrough in cereals had not reached sub-Saharan Africa. This lagging performance was attributed to several factors including high dependence on rainfed agriculture, wide diversity of staple food crops, poor infrastructure, policy discrimination against agriculture, and low public and private investment. Fertilizer use—a key contributor to Asia’s green revolution success—was just 12 kilograms per hectare in sub-Saharan Africa in 2004, less than one-tenth of the application levels in Asia at that time.

Malawi was one of the first countries to take up Annan’s challenge. Controversially, against the advice of its most powerful donors, Malawi’s President Bingu wa Mutharika subsidized inputs through a government-funded voucher scheme known as the Farm Input Subsidy Program (FISP). Millions of small-holder farmers received fertilizer and improved seed at a fraction of the market price.

With good rains and a strong response to subsidized fertilizer and improved seeds, national maize production doubled in 2006. Critics argued Mutharika struck it lucky with the weather, and that these results could not be sustained. However, despite changes in national leadership and stop-start support from Malawi’s donors, the FISP has continued as a strategy for increasing farm productivity and national food security. The results are impressive. Since 2005, Malawi’s farmers have generated surpluses over national requirements in all but three years—2015, 2016, and 2018 (Figure 1).

Figure 1. Maize production and consumption requirements in Malawi, 1961-2021

Source: Denning (2023) Universal Food Security: How to End Hunger While Protecting the Planet. p. 188
Notes: Data from FAOSTAT.

National maize production increased by 79 percent between 2004 and 2019 (comparing averages for 2002-2004 and 2017-2019). This increase was the product of a 62 percent increase in average yield and 10 percent increase in harvested area. As a country with limited land resources and a high population density, Malawi’s increase in maize production mirrored the experience of Asia, demonstrating that it was possible to intensify existing cultivated land under rainfed conditions. And it should be recognized that productivity improvements in Asia were dependent on significant government support by way of inputs and credit subsidies, market support prices, and aggressive extension campaigns.

Since its inception in 2005, the case of input subsidies in Malawi and elsewhere in sub-Saharan Africa has been a source of heated debate. There is no doubt that FISP enabled agricultural intensification and has increased overall food availability in Malawi. Small-holders in Malawi have two basic resources to draw upon for their household food security in a tough production environment: their land and their labor. Fertilizer and improved seed increased the productivity of both. With little scope to expand the land frontier in Malawi, the only solution was intensification of existing land.

A broader comparison of sub-Saharan Africa and Asia reveals unexpected parallels (Figure 2). With the baseline of 2004—the year of Kofi Annan’s call for a “uniquely African green revolution”—cereal production in 2019 across sub-Saharan Africa had increased by 76 percent. Taking the baseline for Asia’s green revolution as 1966—the year the “miracle rice” variety IR8 was released—the comparable production increase was 62 percent. While Asia’s increase came almost entirely through yield per hectare, the increases in sub-Saharan Africa came from a combination of area expansion (53 percent) and yield (27 percent).

Figure 2. Increase in cereal production in sub-Saharan Africa and Asia during the first fifteen years of the green revolutions in each region. (2004-2019 and 1966-1981, respectively).

fig 2

Source: Denning (2023) Universal Food Security: How to End Hunger While Protecting the Planet. p. 45
Notes: Data from FAOSTAT.
Disclaimer: The author has drawn extensively on Denning (2023) Universal Food Security: How to End Hunger While Protecting the Planet (Columbia University Press).

Despite these encouraging results from Malawi and sub-Saharan Africa as a whole, it would be premature to declare “mission accomplished.” Most African countries continue to import food, a reality laid bare by the disruptions of supply chains caused by COVID-19 and the Russian invasion of Ukraine. Population growth, urbanization, and shifting diets will continue to create challenges and opportunities for small-holder farmers across the continent. Sub-Saharan Africa accounts for a fifth of the world’s human-induced land degradation, according to the Food and Agriculture Organization (FAO). There will be continued pressures to advance the land frontier through deforestation with consequent biodiversity losses and increased greenhouse gas emissions. Buoyed by the progress of the past 15 years and the need to halt land degradation, there is a compelling case for a Phase 2 of Kofi Annan’s uniquely African green revolution. And the core strategy for Phase 2 should be sustainable intensification, a strategy in aggregate whereby combinations of the following actions are implemented in national and local context.

  1. Increase output on existing farms through increased use of external inputs, such as improved seed, inorganic and organic fertilizer, and irrigation. The case of Malawi is an example of such action, noting that even with FISP, current national maize yields are just 2 tons per hectare compared with 7 tons per hectare.
  2. Maintain current farm output levels, but with a reduced environmental footprint through more efficient input use. Examples include the development and extension of more precise fertilizer recommendations, promotion of fertilizer-blending facilities, and increased use of higher-yielding locally adapted varieties that make the best use of improved soil fertility.
  3. Restore abandoned and unproductive lands through strategic use of critical external inputs such as inorganic and organic fertilizer, crop and fodder legumes as intercrops and in rotation, agroforestry, water harvesting, and well-adapted crop types and varieties.
  4. Abandon annual cropping of some unproductive lands and develop more sustainable, alternative enterprises including forestry, agroforestry, and managed grazing systems. On these lands, carbon farming should be considered as a source of income.
  5. Reduce postharvest losses in storage, transport, processing, and marketing, thereby generating more net food supply from the land.
  6. Protect remaining natural ecosystems and ensure valuation and compensation for the environmental services (e.g., biodiversity compensation, carbon retention, and water and soil conservation) that they provide.

These actions will be most effective when coupled with investments in market infrastructure and business-friendly policies to ensure that surpluses above consumption requirements can be marketed profitably to consumers. Investment in transport infrastructure, electrification, and digital information and communication systems are essential complementary investments for sustainable intensification.

The case for a uniquely African green revolution is more compelling than ever. In Asia, important lessons were learned in the first phase of its green revolution. The second phase of Asia’s green revolution was more nuanced, more inclusive, more sustainable, and more productive. The U.N. Food Systems Stocktaking Moment this July provides an important opportunity for African nations to reflect on and prepare for Phase 2 of Kofi Annan’s uniquely African green revolution.

Read More

Continue Reading

International

Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

Published

on

They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

Read More

Continue Reading

International

Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

Published

on

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


Read More

Continue Reading

International

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

Published

on

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

Read More

Continue Reading

Trending