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 the Pembaritinga Integrated Development Corridor, Special Agricultural Processing Zone in Mozambique.
Grants from the African Development Fund help improve agricultural productivity and agribusiness development in Niassa by improving institutional capacity, skills, and entrepreneurship to drive growth in the agricultural value chain. It will help.
This project will pilot improved policy and development coordination between the Niassa and national sectors, especially the Ministry of Commerce and Industry and the Ministry of Agriculture and Rural Development.
The Special Agricultural Processing Zone is an integrated development initiative designed to focus agricultural processing activities in areas with high agricultural potential in order to increase productivity and integrate the production, processing and marketing of selected products. is. These zones allow agricultural producers, processors, aggregates, and distributors to operate in the same area, reduce transaction costs, and share business development services to increase productivity and competitiveness. .. SAPZ is a private agricultural industry to contribute to the economic and social development of rural areas, coupled with providing appropriate infrastructure (energy, water, roads, ICT, etc.) to rural areas with high agricultural potential. Attract investment from homes / entrepreneurs.
This initiative is in line with the Mozambique National Development Strategy 2015-2035, which aims to improve the living conditions of the population through structural transformation of the economy and expansion and diversification of production bases. This is in line with the coordinated efforts of the international community to help Mozambique promote inclusive economic growth and peacebuilding in the north.
The project is also in line with the African Development Bank’s Country Strategy Paper 2018-2022 on Mozambique, which focuses on the northern states, and the African Development Bank’s Feed Africa Strategy for Agricultural Transformation.
For board approval, Mozambique’s Minister of Industry and Trade Carlos Mezquita has transformed the project into social inclusion by addressing key industries such as infrastructure for development. Described as a “game changer” that promotes and promotes peace.
Cesar Augusto Mba Abogo, Country Manager, African Development Bank, Mozambique, is special as a shared facility that allows farmers, processors, aggregators and distributors to work in the same neighborhood to reduce transaction costs and share. We will provide business development services that emphasize the importance of agricultural industry processing zones, and increase productivity and competitiveness. “SAPZ can promote the participation of small producers in the value chain and added value and provide a comprehensive development model,” he said.
The project builds on a long list of World Bank interventions in northern Mozambique, providing infrastructure and unleashing the agricultural potential of the host corridor. The latest of these World Bank-sponsored projects are the N13 Cuamba-Muita Road and the N14 Montepuez-Ruaka Road, which connect the provinces of Cabodelgado and Niassa.
Distributed by the APO Group on behalf of the African Development Bank Group (AfDB).
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African Development Bank
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About the African Development Bank Group:
The African Development Bank Group is Africa’s leading development finance institution. It consists of three different organizations: the African Development Bank (AfDB), the African Development Bank (ADF) and the Nigerian Trust Fund (NTF). With offices in 41 African countries with representative offices in Japan, the Bank contributes to the economic and social progress of 54 regional member countries. For more information: www.AfDB.org
Mozambique: $ 47.09 million grant from the African Development Fund for a special agricultural processing zone
Source link Mozambique: $ 47.09 million grant from the African Development Fund for a special agricultural processing zone