Mozambique: $47.09 Million Grant From African Development Fund for Special Agro-Industrial Processing Zone
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a Special Agro-Industrial Processing Zone.
The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness development in the Niassa province by advancing institutional capacity, skills, and entrepreneurship to spur agricultural value chain growth.
The project will pilot improved policy and development coordination between the Niassa province and national departments, especially with the Ministry of Industry and Commerce and the Ministry of Agriculture and Rural Development.
Photo courtesy of Mozambique – Massaca Reservoir Water Collection Agric – John Hogg.