Wednesday
January 12
2022

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.

Source: Social News XYZ (link opens in a new window)

Categories
Agriculture
Tags
agribusiness, agriculture, economic development, entrepreneurship, infrastructure, social impact