twitter RSS Feed linkedin acp contact

AfDB lends US$80mn to Congo to set up agricultural value chains

The African Development Bank (AfDB) has granted a US$80mn loan to Congo to set up agricultural value chains to benefit more than 350,000 people

7848725250 d1e90cc850 cThe project is expected to contribute to the establishment of a suitable agricultural financing mechanism. (Image source: WorldFish/Flickr)

“The project will focus on a limited number of value chains, including cassava (flour and other products), poultry (broilers and eggs), maize (animal feed, human and brewery), aquaculture and fish farming (fresh fish and salted fish, smoked),” said Ali Eyeghe, head of the Agriculture, Human and Social Development for Central Africa Division (RDGC2) at the Bank.

The Integrated Agricultural Value Chain Development Project in Congo (PROVIDAC), which will be implemented for six years, must cover the corridors of the major marketing centres of Brazzaville and Pointe Noire as well as the production basins in the Plateaux departments, Pool, Bouenza, Cuvette and Niari.

“Some 355,000 people, 40 per cent of whom are women and 40 per cent of whom are young people in the various links of the targeted agricultural value chains, are concerned by the interventions of PROVIDAC,” added Ali Eyeghe.

In addition to supporting women’s economic empowerment, entrepreneurship and skills development for young people, the project is expected to contribute to the establishment of a suitable agricultural financing mechanism.

In this way, agricultural productivity will be improved over the long term through access to factors of production (improved and resilient inputs, machinery, ploughing, capital, land), soil fertility management and improvement of rural infrastructures, in particular, the opening up of basins.


LATEST NEWS IN Agriculture

Norway promises top-up contribution of urgently needed climate finance

Norway promises top-up contribution of u…

On 9 November 2022, Norway, as part of a commitment to triple its support to climate adaptation by 2026, has pledged an additional US$9.5mn contribution of urgently needed climate finance...

Better Cotton signs partnership agreement with IDH and CotonChad

Better Cotton signs partnership agreemen…

Better Cotton recently signed a multi-stakeholder Letter of Intent to participate in the landscape approach, developed with local stakeholders in Chad in conjunction with IDH, intending to work towards improving...

NFU president Minette Batters appointed as ambassador of Farm Africa

NFU president Minette Batters appointed …

Farm Africa, a charity that promotes sustainable agricultural practices, strengthens markets and protects the environment in rural eastern Africa, has announced the appointment of NFU president Minette Batters as an...

AfDB grants US$63.38mn loan to implement agro-processing project in Senegal

AfDB grants US$63.38mn loan to implement…

The board of directors of the African Development Bank (AfDB) Group in Abidjan has approved a loan of US$63.38mn to Senegal to implement the Agropole-Centre agro-industrial processing zone project

Farming innovations which help conserve nature and create jobs

Farming innovations which help conserve …

On World Food Day, farmers in the UK and globally showed how innovative farming methods and techniques can improve lives, help meet global climate targets and produce food without harming...

US$20.5mn renewable energy agriculture project launched in Ethiopia

US$20.5mn renewable energy agriculture p…

On 12 October, the Distributed Renewable Energy - Agriculture Modalities (DREAM) initiative began with the launch of nine renewable energy mini-grids and irrigation systems across Ethiopia

Prev Next

OTHER RELATED ARTICLES - Agriculture

Agribusinesses and African smallholders Seize US$1 trillion food market: AASR

Agribusinesses and African smallholders …

The recent Africa Agriculture Status Report (AASR) has demonstrated that the power of entrepreneurs and the free market is driving Africa’s economic growth from food production, with the food production...

Ensuring crop nutrition

Ensuring crop nutrition

Uralchem and Uralkali provide farmers with a complete range of fertilisers, essential for plant growth

Encouraging seed systems

Encouraging seed systems

AT A TIME when failing harvests are once again threatening the lives and livelihoods of millions across Africa, 300 agriculture scientists, entrepreneurs, farmers’ organisations and governments from across the continent...

Kenyan rice farmers yet to embrace Nerica variety

Kenyan rice farmers yet to embrace Neric…

The new rice for Africa (Nerica) variety is poised to reduce rice importation costs in Africa with annual savings of more than US$90mn

Task Force on COVID-19 impacts on Africa’s food security begins work

Task Force on COVID-19 impacts on Africa…

Ensuring people have access to food by keeping borders open for trade is critical during COVID-19, FAO director-general QU Dongyu said during the first meeting of the Task Force on...

World Food Programme and Sudan hold second forum to curb post-harvest losses

World Food Programme and Sudan hold seco…

The United Nations World Food Programme (WFP) in Sudan hosted a three-day event on post-harvest losses, to explore ways of reducing food losses through approaches such as hermetic storage bags...

South Africa hosts African Farmers Workshop and Expo 2014

South Africa hosts African Farmers Works…

The African Farmers Workshop and Expo (AFWE) will take place from 12-14 August 2014 at the Johannesburg Expo Centre

Future Food Institute and FAO to tackle food and climate crisis

Future Food Institute and FAO to tackle …

Future Food Institute and the Food and Agriculture Organization of the United Nations (FAO) have launched a partnership to promote food innovation in the agribusiness sector

Rwandan farmers participate in crop insurance scheme

Rwandan farmers participate in crop insu…

Up to 50,000 farmers have so far participated in Rwanda’s government-backed Hinga Urishingiwe crop insurance scheme, the country’s Ministry of Agriculture and Animal Resources has revealed

Minister visits youth farms in Gambia and makes donation to local farmers

Minister visits youth farms in Gambia an…

Gambia's minister of youth and sports, Alieu Jammeh, continued his recent tour of the country sector by paying a visit to a 2.5ha sesame and a 1.3-ha groundnut farms

Agriculture flourishes in Africa

Agriculture flourishes in Africa

Modern farming methods are helping farmers buffer themselves from the harsh consequences of adverse weather and unfavourable market conditions with a new philosophy; high-yield seeds

Kenya purchases tractors for Kwale food production

Kenya purchases tractors for Kwale food …

The Kwale county government has spent more than US$900,000 in buying tractors, motorcycles and ambulances for use in emergency services offered to Kwale residents

Prev Next