Category “Financing”

Africa: New Climate Innovation Center Launched to Jumpstart Clean-Tech and Climate-Smart Agriculture Ventures in Ethiopia

Addis Ababaethiopia, — World Bank-supported business hub, the Ethiopia Climate Innovation Center (ECIC), was launched today in Addis Ababa to support pioneering clean technology enterprises that address climate change while creating jobs and improving livelihoods. First of its kind in the country, the center will help over 3.1 million Ethiopians increase resilience to climate change and is expected to create more than 12,000 jobs in the next ten years.

Ethiopia’s agriculture, which is highly sensitive to fluctuations in rainfall, represents the basis of the national economy. It accounts for approximately 46% of the GDP and 80% of the jobs of the working population. According to the World Bank report ‘Economics of Adaptation to Climate Change,’ without a proper green growth strategy, the total climate adaptation costs for Ethiopia could range from US$1.22 billion to $5.84 billion per year.

Read the full article HERE

Leave a Comment

Rwanda: World Bank Mobilizes Funds to Enhance Crop Productivity, Improve Roads, and Boost Incomes in Rural Rwanda

Washington — The World Bank’s Board of Executive Directors has approved US$60.9 million in funds from the International Development Association (IDA)* to help the Rwanda Government to upgrade road conditions and intensify farmers’ agricultural productivity as part of the strategy to reduce poverty and boost shared prosperity throughout the country.

“The Rwandan Government has implemented several ambitious programs designed to improve and diversify the country’s agriculture sector as a key strategy to fight poverty,” said Carolyn Turk, World Bank Country Manager for Rwanda. “Today’s financing provides additional support to continue this success while helping to ensure food security, improve health, and reduce poverty for the country’s large rural population.”

The first US$45 million IDA credit supports the Feeder Roads Development Project (FRDP), designed to improve conditions on all-season roads that connect to major agricultural market centers.

Read the full article HERE

Leave a Comment

Rwanda: World Bank Approves U.S.$60 Million for Agriculture, Infrastructure

Part of the funds will be used to intensify farmer’s agricultural productivity as part of the strategy to reduce poverty and boost shared prosperity throughout the country

The World Bank, through International Development Association (IDA) has approved US$60.9Million (Over Rwf41billion) to improve Rwanda’s agriculture and infrastructure sectors.

The funds will be used to upgrade road conditions in the country and intensify farmer’s agricultural productivity as part of the strategy to reduce poverty and boost shared prosperity throughout the country.

Read the full article HERE

Leave a Comment

Africa: Agriculture Cornerstone of Southern Africa’s Economy

Livingstone — Although southern Africa’s growth has been driven by minerals and other natural resources, agriculture offers the greatest potential for transforming the Southern Africa’s economy.

Speaking at the official opening of the 20th Session of the Intergovernmnetal Committee of Experts (ICE) in Livingstone, Zambia, Secretary to the Treasury, Fredson Yamba, representing Minister for Finance, Republic of Zambia, Alexander Chikwanda said that agriculture remains one of the most important source of revenues and foreign exchange earnings for governments in the region contributing an average of 30 percent gross domestic product and about 70 percent of employment in Southern Africa.

Read the full article HERE

Leave a Comment

Nigeria: Gates Foundation to Boost Healthcare, Agriculture in North-East

The Bill and Melinda Gates Foundation has agreed to boost primary healthcare and agriculture in Borno State and other states in the North-east area of the country, it was revealed Monday.

A statement issued by the Special Adviser on Communications to the state Governor Kashim Shettima, Alhaji Isa Gusau, disclosed that the foundation established by the world’s richest man, Mr. Bill Gates, on Sunday, after a special appeal made by the state, agreed to accord accelerated support to the state and other parts of North-east area on primary healthcare and agriculture.

Read the full article HERE

Leave a Comment

Tanzania: Partners Keen to Empower Millions of Farmers

GROWERS associations have signed a Memorandum of Understanding (MoU) to strengthen farmers’ participation in the design and implementation of the Southern Agriculture Growth Corridor of Tanzania (SAGCOT).

The growers associations included Agriculture Council of Tanzania (ACT), Agricultural Non-State Actors Forum (ANSAF), the SAGCOT Centre Ltd and Tanzania Horticulture Association (TAHA).

According to SAGCOT Centre Ltd, Chief Executive Officer Mr Geoffrey Kirenga, the agreement symbolises the partnership approach that is required to ensure that investments in the corridor were inclusive, engage and benefit farmers.

Read the full article HERE

Leave a Comment

Nigeria: UK Set to Offer Technical Support to Kwara’s Agriculture Revolution

The United Kingdom Trade and Investment has concluded arrangements to offer technical support on agriculture to Kwara State to enable the state meet best practices for entry into the international market.

The Senior Trade Development Manger of UK Trade and Investment, Miss Judy Melifonwu, disclosed this in Ilorin on Monday during an interaction with the State Governor, Alhaji Abdulfatah Ahmed.

She described Kwara State as the agriculture hub of Nigeria. According to her: “The UK Trade Investment would ensure good agricultural practices to reduce waste of agriculture produce.”

Read the full article HERE

Leave a Comment