Yara in key role at G8 initiative
Oslo, May 18, 2012
Yara’s CEO and President Jørgen Haslestad presented the private sector on stage in Washington DC when G8 launched its new initiative for food security on 18 May 2012.
– This is a unique milestone moment. Engagement and attention at this level can create a turning point, accelerating investment in and development of African agriculture, says Haslestad.
US President Barack Obama will deliver an opening keynote speech to the Symposium on Global Agriculture and Food Security . The President’s remarks will highlight the G-8’s efforts to promote food security, improve nutrition and alleviate poverty.
For the symposium, a number of global businesses have signed Letters of Intent committing themselves to development and investments in African countries. Yara has committed to actively contribute in agricultural development in Ghana, Tanzania, Ethiopia and Burkina Faso.
– This is a new way of thinking – a shift from aid to trade. Africa can be a future bread basket for the growing global population, says Haslestad.
To support such a transformation Yara is looking into measures such as crop-specific value chain partnerships, development of country specific plant nutrition capacity and improved agronomic capacity.
Yara is also currently exploring the potential for a competitive location for a world class fertilizer production facility in Africa. If realized, this is a potential USD 1.5 – 2 billion investment, which Yara then would aim to link in to the broader regional agricultural development, catalyzing growth.
– We need a big change for the small farmers – stepping from feeding their families, to growing their business, says Haslestad.
African Leaders, business leaders, international organizations, and leading civil society participants participate at the symposium.
Letters of Intent:
Food & Climate magazine
The major global gaps – and Yara’s response to these challenges – are presented in Yara´s Food & Climate magazine.