twitter RSS Feed linkedin acp contact

OPEC Fund signs US$20mn development loan to improve sustainable agriculture in Malawi

The OPEC Fund for International Development (OPEC Fund) has signed a US$20mn development loan agreement with Malawi to improve the livelihoods of around 1.3 million people living in rural areas

E41 Malawi Rural DevThe programme supports Malawi’s National Agriculture Policy (NAP). (Image source: OPEC)

The funding will support the ‘Transforming Agriculture through Diversification and Entrepreneurship’ programme, aligning it with Sustainable Development Goal 2 on food security, improved nutrition and sustainable agriculture.

The objective is to strengthen the value chains and improve the resilience and capacity of smallholder farmers and rural organisations in Malawi.

The programme will provide better infrastructure (including new roads) and access to rural financial solutions and enhanced partnerships with the private sector and inclusive business development services. Climate smart interventions will help to combat land degradation and improve agricultural productivity.

The programme supports Malawi’s National Agriculture Policy (NAP), which aims to achieve sustainable agricultural transformation to boost growth in the agricultural sector, increase income for farm households, and improve food and nutrition security for all Malawi and boost agricultural exports.

The OPEC Fund is co-financing the programme with the International Fund for Agricultural Development as well as private sector enterprises, beneficiaries and the government of Malawi. To date, the OPEC Fund has approved 22 loans in Malawi for a total of more than US$207mn. The approved finance relates to operations in the health, agriculture, transport, education, and water and sanitation sectors.


LATEST NEWS IN Agriculture

African food imports bill predicted to double by 2030

African food imports bill predicted to d…

Experts have warned that the cost of Africa’s yearly food imports could increase from US$50bn to US$110bn by 2030 if immediate measures aren’t taken to increase food production

Wildlife and forestry sector in the spotlight

Wildlife and forestry sector in the spot…

On August 22, the 23rd session of the African Forestry and Wildlife Commission, hosted by the Government of the Democratic Republic of the Congo opened in Kinshasa, putting the future...

Boosting investment for Africa-made cotton

Boosting investment for Africa-made cott…

At a partner’s conference on cotton, jointly organised with the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD), donors were urged to mobilise resources for new partnerships.   

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

Boosting soil nutrient mapping in sub-Saharan Africa

Boosting soil nutrient mapping in sub-Sa…

The Food and Agriculture Organization of the United Nations (FAO) is set to fast track an impact-oriented project in sub-Saharan Africa and Central America for digital soil nutrient mapping, after...

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

Prev Next

OTHER RELATED ARTICLES - Agriculture

Nigeria set to see US$11.6bn economic output from biotechnology

Nigeria set to see US$11.6bn economic ou…

Nigerian economy is projected to have an economic output of around US$11.6bn if the country embraces biotechnology in its agricultural practices, said a report from Monsanto

First grain warehouse receipts issued in Ghana

First grain warehouse receipts issued in…

The recent issuance of the first grain warehouse receipts for Ghanaian grain farmers and traders aims to ease the process of receiving a loan, storing crops and increasing revenue from...

Bayer CropScience launches new pesticide to battle nematodes

Bayer CropScience launches new pesticide…

Bayer CropScience has recently launched its new nematicide that is based on the active fungicide fluopyram, marketed under the brand names Velum and Verango

Ghana Cocoa Board encourages youth to venture into cocoa farming

Ghana Cocoa Board encourages youth to ve…

At the 2016 National Chocolate Day held at Krodua, Ghana, the deputy CEO of the Ghana Cocoa Board Dr Francis Oppong appealed to the custodians of traditional lands to release...

Kenyan scientists discover cause of coffee berry pest

Kenyan scientists discover cause of coff…

Researchers at the Kenya-based International Center for Insect Physiology and Ecology (ICIPE), in collaboration with colleagues from Germany, have for the first time decoded the chemical signals that attract the...

AfDB to train 250,000 ‘Agripreneurs’ in Nigeria

AfDB to train 250,000 ‘Agripreneurs’ in …

Africa Development Bank (AfDB) president Akinwumi Adeshina has announced that the bank has earmarked US$12.5bn for the training of the next generation of agriculture entrepreneurs (agripreneurs) in Nigeria and 24...

Angola starts coffee export to the USA

Angola starts coffee export to the USA

Angola has started exporting coffee to the USA with the first load of coffee from Angola arriving at New York this week

Kenyan farmers reap rewards of switching to maize

Kenyan farmers reap rewards of switching…

The Kano Plains, in Kenya's western Nyanza Province, are well known for rice production, but after years of poor prices and competition from imports, farmers are gradually switching to more profitable crops such as maize

Nigeria distributes fertilisers to empower female farmers

Nigeria distributes fertilisers to empow…

The Nigerian government, in collaboration with Millennium Development Goals (MDGs), has announced that it will distribute 8,000 bags of fertilisers to female farmers as part of a UN empowerment programme...

Cummins QSK19 powers largest John Deere forage harvester

Cummins QSK19 powers largest John Deere …

THE CUMMINS QSK19 ENGINE will power the largest self-propelled forage harvester ever built by John Deere. The new 7950 SPFH utilises the 597kW (800-hp) rated output of the 19-litre engine...

Tanzanian initiative boosts tractor sales for Indian manufacturer

Tanzanian initiative boosts tractor sale…

India-based Escorts Group have sold more than 800 tractors in less than three years following the roll out of the Kilimo Kwanza initiative in Tanzania

UNECA-GPSDD’s Data for Now to revolutionise Africa's agriculture

UNECA-GPSDD’s Data for Now to revolution…

Agriculture is an industry which is already feeling the impact of COVID-19, including in Africa, which runs the risk of losing its per capita unit production in multiple markets, if...

Prev Next