AfDB and Italian Technical Cooperation Fund extend US$1.18m grant to boost agriculture value chains in Mozambique

MOZAMBIQUE – The African Development Bank (AfDB), with financing from the Italian Technical Cooperation Fund, has provided a €990,000 (US$1.18 million) grant to help smaller agro-processing enterprises in Mozambique boost production and quality control. The project will enable the businesses to better tap into national and regional markets and capitalize on the opportunities created by the African Continental Free Trade Area (AfCFTA). The Confederation of Business Associations of Mozambique is the implementing agency. “We are pleased to receive this grant from the African Development Bank and the Italian Technical Cooperation Fund,…

Read More

Kenya’s horticulture sector gets US$6m boost from EU

KENYA – The European Union (EU) has granted Kenya €5 million (US$6 million) to support Kenya’s horticultural sector achieve sanitary and phytosanitary standards (SPS) as required by the export markets. Under a four-year plan dubbed New Export Trade (NExT), EU aims at increasing the contribution of the horticultural sector to household income.  Deputy Head of Delegation, EU to Kenya, Katrin Hagemann, said this will be achieved through the generation of employment opportunities and foreign currency. She said to improve food security safety and nutrition there is need to increase the…

Read More

Ghana to launch Cassava Processing Factory under 1D1F initiative

Ghana to launch Cassava Processing Factory

GHANA – Ghana is moving ahead with its 1 District 1 Factory initiative that targets to have at least one factory in every district and has announced plans to launch a cassava processing factory in Keta District before the end of September. While delivering the development, The Municipal Chief Executive (MCE) of Keta, Mr Godwin Edudzi Yao Effah, said government was committed to deliver the project within the stipulated timelines. He further revealed that Ghana was committed to partner the investors, Hormeku Engineers and Planners (HoPE) Limited, to ensure the…

Read More

Tunisian Date Exporter VACPA secures US$12M from IFC to cushion business against COVID19 effects

TUNISIA—Tunisian Date Exporter, VACPA has secured financing amounting to US$12.41 million from the IFC as part of efforts to cushion its business from the adverse effects of the COVID19 pandemic. IFC, a member of the World Bank Group, in a press statement noted that the financing to VACPA was part of an effort to preserve jobs, especially for women, amid the COVID-19 pandemic. VACPA according to the IFC is Tunisia’s largest exporter of dates, buys its fruit from close to 1,000 farmers and employs more than 1,700 workers, 80 percent…

Read More

Ghana to domestically process 50% of cocoa produce, to use US$600m AfDB facility in enhancing processing capacity

GHANA – Ghana, the second largest producer of cocoa in the world, has reiterated its commitment towards locally processing half of the cocoa that it produces. The Chief Executive of Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo echoed the government’s stand after holding a closed-door meeting with Executive Directors of AfDB at the COCOBOD headquarters, in Accra. According to the Public Affairs Manager of Cocobod, Mr. Fiifi Boafo, the meeting was a precursor to the final processes for the disbursement of the US$600m AfDB credit facility to finance crucial projects…

Read More

AfDB to pump US$300m in the development of agro-processing zones in Nigeria

NIGERIA – The African Development Bank is planning to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with US$300m. Senior Special Adviser on Industrialisation to AfDB President, Prof. Oyebanji Oyelaran-Oyeyinka, revealed AfDB’s plans at an SAPZ Inception Workshop in Abuja on Monday. The SAPZs are designed to concentrate agro-processing activities within areas of high agricultural potential. The zones, which are also expected to create jobs, boost food security and reduce food imports, will enable agricultural producers, processors and distributors to operate in one vicinity. Oyelaran-Oyeyinka, in…

Read More

Morocco agri-food export volumes reach 3.1m tonnes for the first time in history

MOROCCO –  Exports of agri-food products reached around 3.1 million tons during the 2018-2019 campaign in terms of volume, the Moroccan Ministry of Agriculture has revealed. The ministry revealed this in a press statement adding that this was the first time that Morocco reached this volume in its history. Exports of agro-food products recorded a growth of 97% with share of about 21% compared the total exports of Morocco during the 2010-2018, The Ministry of Agriculture said. According to the statement, revenues from the export of the national agri-food products…

Read More

Ghanaian Women Cooperative gets new USAID funded Shea Processing Facility

GHANA –  The United States Ambassador to Ghana, H.E Madam Stephanie Sullivan has presided over the opening of a new shea butter processing and warehousing facility at Sorogu in the Sagnarigu Municipality of the Northern Region. The new facility, meant for Tiyumtaba Women’s Shea Cooperative, will provide the needed infrastructure to add value to the commodity in the area and will improve the incomes of 600 women, who collect and process shea nuts in the area. The United States Agency for International Development (USAID) developed the facility in partnership with…

Read More

Gambia, Senegal, Guinea-Bissau to benefit from USDA funded Cashew Value Chain Project

WEST AFRICA – The United States Department of Agriculture’s (USDA) Food For Progress (FFPr) Regional Cashew Value Chain Project is implementing a US$38 million, six-year project in The Gambia, Senegal, and Guinea-Bissau. USDA says that the project will enhance the regional cashew value chain to improve the trade of processed cashews in local and international markets.  Facilitating the processing of cashew nuts within the region will create new jobs and increase incomes. During the launch, the United States was represented by both the U.S. Ambassador to The Gambia, Richard Carlton…

Read More

Liberia, World Bank Sign US$3.7m agreement to boost fisheries sector

LIBERIA – The Government of Liberia and the World Bank have signed a US$3.7 million Project Preparatory Advance (PPA) document intended to set the pace for a bigger International Development Association’s US$40 million to support the fisheries sector. The new project which will be implemented in Montserrado and four other sites to be selected in four coastal counties will involve investments in improving the management of selected fisheries, improving the handling of fish and fish products and support for aquaculture. The World Bank Country Manager also outlined that the US$3.7…

Read More