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The Board of Directors of the African Development Bank has approved a $50 million trust fund to end hunger and malnutrition amongst school age-children in targeted schools in Africa.
According to the bank, the fund tagged ‘End School-Age Hunger Fund (ESAH)’ was approved on March 20 to bolster school meal programmes in targeted African countries.
The Bank said the implementation of the Fund will run in conjunction with the African Development Fund, the concessional window of the African Development Bank Group, which includes the participation of the Children’s Investment Fund Foundation, which has already demonstrated its commitment by signing a $50 million letter of commitment.
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According to the bank, in September 2024, Children’s Investment Fund Foundation and the Bank signed a letter of intent in which the CIFF undertook to provide up to $50 million for the creation of the End School-Age Hunger Fund, witnessed by African Leaders for Nutrition Champion and African Union Nutrition Champion, His Majesty King Letsie III of Lesotho.
In addition, the Foundation indicated that it was fully prepared to contribute a further $50 million to the Fund once the Bank had made its initial contribution. The Foundation is committed to supporting broader resource-leveraging efforts to attract more donors to the Fund.
At the same time, the African Development Bank is seeking to engage other philanthropic organisations, such as the Aliko Dangote Foundation, to strengthen the Fund’s donor base, the statement added
The End School-Age Hunger Fund will support activities that contribute directly to school food initiatives within the continent, ensuring the provision of nutritious meals to children while promoting the development of small and medium-sized enterprises that provide services related to these programs. Where appropriate, it is expected to provide essential technical assistance to governments, encouraging them to prioritise nutritious school feeding programs as a vital mechanism for enhancing socio-economic development, ensuring student retention in schools, and improving learning outcomes and social protection.
Beth Dunford, AfDB’s vice president for Agriculture, Human and Social Development in his remarks, said “The End School-Age Hunger Fund will work to secure a five-year commitment from the targeted countries, which is the standard implementation period for the Bank’s investment projects.”
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He added that “The implementation period is long enough to establish a solid proof of concept to ensure the continuation of the initiative beyond the initial funding phase.”
“The Children’s Investment Fund Foundation is the world’s largest philanthropic organisation dedicated specifically to improving the lives of children. Since 2004, the Foundation has received voluntary contributions and donations totaling over $2.4 billion,” the bank said.
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