€73 Million for Electrification and Sustainable Agriculture in Madagascar
In Madagascar, the European Union (EU) and the French Development Agency (AFD) are pledging €73.2 million to finance electrification using solar energy and the development of sustainable agriculture through the preservation of forest ecosystems.
The financing agreements were signed recently between the Malagasy authorities and local officials from the European Union (EU) and the French Development Agency (AFD). The two institutions have pledged €40 million to implement the TalakyBe project, which aims to conserve and enhance the value of forests, as well as intensify and diversify sustainable agriculture.
Photo courtesy of Andrew Turner.
Source: Afrik21 (link opens in a new window)
- Categories
- Agriculture, Energy, Technology
- Tags
- agtech, forests, renewable energy, solar
