Higher crop yields from GMOs and precision farming have helped keep South Africa’s food inflation at its lowest level in almost 16 years.
Industry leaders say stronger partnerships and wider use of fortified flour can help reduce hidden hunger across Africa and Asia.
The bank says stronger climate planning and more funding will help countries reduce the economic impact of the expected weather event.
Experts say stronger research, better seed systems and private investment can help Africa grow beyond its current share of the global seed market.
The latest investment forms part of a national plan to reduce the impact of drought on cereal production and strengthen food supplies.