IFC, a member of the World Bank Group and Switzerland’s State Secretariat for Economic Affairs (SECO), launched a program aimed at addressing water scarcity in South Africa’s agribusiness sector.
The four-year program called Agri-processing Resource Efficiency will offer advisory services to selected companies in the agri-processing sector to improve energy and water use. In addition, the program will work with stakeholders to identify key water efficiency needs, address regulatory issues, and share knowledge on best practice.
Water scarcity is exacerbated by climate change, drought, and poor infrastructure maintenance resulting in substantial losses and disruptions to supply. Increasing demand for water means the gap between demand and supply is set to widen, leading to increased costs and constrain economic activity.
The agricultural sector accounts for about 60 percent of South Africa’s water demand. Estimates indicate a potential water deficit of 20 percent by 2035 if no action is taken.
Adamou Labara, IFC Country Manager said “IFC seeks to build and share knowledge and global expertise with agribusiness companies in South Africa through the Agri-processing Resource Efficiency initiative. We hope to raise awareness on resource use and mobilize the private sector to achieve sustainability and competitiveness.”
The program will build capacities of agri-processors to find solutions to save, recover and reuse water to mitigate the impact of water scarcity and climate change. The goal of the program is to boost South Africa’s agricultural productivity by encouraging the efficient use of water and energy resources.
Original source: IFC
Published on 14 May 2019
