Millions for Mozambican climate change resilience project

The African Development Bank (AfDB) has signed an agreement to provide the government of Mozambique with a US$29 million to support the uptake of agricultural technologies, techniques and small-scale irrigation equipment to increase climate resilience among smallholder farmers. In a statement, the AfDB said a significant chunk of the funding…

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US$101 million to finance agricultural projects in Angola

The African Development Bank (AfDB) and the government of Angola have signed an agreement for a US$101 million loan that will be invested in the development of agricultural value chains in Cabinda Province. The financing deal for the Cabinda Province Agriculture Value Chains Development Project was signed between Joseph Ribeiro,…

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African agricultural economists see structural transformation challenges

Agricultural economists have identified climate change, lack of access to technology and markets, affordable finance, investment policy uncertainties, as well as gender inequality among the key factors against improved agricultural productivity on the African continent. In a statement, the African Development Bank (AfDB) said these factors were discussed during the…

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African investment fund gets green light from AfDB

Phatisa, an African investment company and fund manager, received US$10 million in equity investment from the African Development Bank Group (AfDB) to invest in African agriculture. The Phatisa Food Fund 2 (PFF2) aims to boost agriculture and nutrition across the continent. “Following the AfDB approval, existing approval from Overseas Private Investment…

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