AfDB signs US$41mn deal to develop Sudan’s agribusiness

AfDB sudan 2AfDB’s initiative is set to boost Sudan’s development agenda. (Image source: UNAMID/Flickr)The African Development Bank (AfDB) has signed a US$41mn agreement with Republic of Sudan to finance a public sector agriculture value chain development project in the country

The project was identified under Sudan’s National Agriculture Investment Plan (SNAIP), which seeks to increase agricultural production through the modernisation of agricultural systems, value chains and market access, said Mohamed Osman Elrikabi, minister of finance and economic planning at the signing ceremony.

The project is set to improve household incomes, food security and climate resilience for the country, through the development of infrastructure and measures to facilitate trade and market access for produce.

Sudan’s Economic Reform Programme (ERP) 2015-2019 aims to achieve sustainable and inclusive economic growth through the expansion of the country’s production base and optimisation of its resources.

Elrikabi said that he appreciated the tremendous support provided by the AfDB to Sudan during its difficult periods.

Representing the Bank, country Manager Raubil Durowoju said that the grant aligned with AfDB’s strategic regional and national initiatives such as its 10 Year Strategy (2013-22), the High 5s Feed Africa priority and other flagship programmes.

He further urged the government to support the project and other bank-funded initiatives in the country, cumulatively valued at US$350mn.

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