Business
AfDB Approves £25m To Boost Agriculture
African Development Bank (AfDB) has approved a grant of 25 million pounds (CFA 16.4 billion) to Côte d’Ivoire to finance its agricultural infrastructure support project, a statement said.
The statement issued by the Bank in Abidjan said the projects would be executed in Indénié-Djuablin region.
“The project expected to last five years, has as its goals sustainable growth in major crop production and improved marketing.
“The support project has two major elements – infrastructure development and capacity building in a rural area of Côte d’Ivoire,’’ the statement said.
It said that the project was revised to take into account the new strategic directions of the AfDB and the Ivorian government, focussing on these two elements.
“The Indénié-Djuablin project is part of the common aim of the AFDB and Côte d’Ivoire to develop the rural sector,’’ he said.
According to the statement, the main deliverables of the project are: rehabilitation of 923 hectares of irrigated lowland areas and 620 km of rural roads.
Others are the completion of 40 boreholes, the improvement of seven rural water supply systems, and the installation of 100 manual pumps.
The statement also said two agricultural product consolidation centres, eight collection centres and ten food markets would be built.
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