Africa needs to be looked at differently due to issues such as terrorism, climate change
Deputy President Rigathi Gachagua on Monday during the UN Food Summit in Italy urged for changes in the current financial structure which currently leaves Africa in a disadvantaged position.
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00:00 Over and above, the government has put aside funds for subsidized fertilizer to enable
00:11 the farmers lower the cost of production and increase their yields.
00:15 We have a very serious engagement with our international friends and partners because
00:21 we have a budget deficit and we cannot, as a country, be in a position to single-handedly
00:28 finance our requirements.
00:30 We continue to engage with our international friends and partners.
00:36 And President William Ruto in Paris called for a review of the financial architecture.
00:43 The present financial architecture has been very disadvantageous to the African continent
00:48 that faces huge challenges.
00:50 Like my brother here, my neighbor from Somalia, has explained.
00:55 The African continent needs to be looked at differently because of the various challenges,
01:01 the issue of armed conflict, the issue of terrorism, and of course, coping with the
01:09 challenges of the negative effects of climate change.
01:14 We have just come out of the worst drought in 40 years after five subsequent failed seasons.
01:24 And therefore, we are calling upon the world, we are calling upon our partners all over
01:30 the world to look at the issues of the African continent from a different perspective and
01:37 apply a very aggressive way of putting funds aside to enable the African continent to produce
01:49 enough food and have surplus for export.
01:52 Thank you.
01:53 [END]