twitter RSS Feed linkedin acp contact

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

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

AfDB sudan 2AfDB’s initiative is set to boost Sudan’s development agenda. (Image source: UNAMID/Flickr)

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.


LATEST NEWS IN Agriculture

African food imports bill predicted to double by 2030

African food imports bill predicted to d…

Experts have warned that the cost of Africa’s yearly food imports could increase from US$50bn to US$110bn by 2030 if immediate measures aren’t taken to increase food production

Wildlife and forestry sector in the spotlight

Wildlife and forestry sector in the spot…

On August 22, the 23rd session of the African Forestry and Wildlife Commission, hosted by the Government of the Democratic Republic of the Congo opened in Kinshasa, putting the future...

Boosting investment for Africa-made cotton

Boosting investment for Africa-made cott…

At a partner’s conference on cotton, jointly organised with the World Trade Organization (WTO) and the UN Conference on Trade and Development (UNCTAD), donors were urged to mobilise resources for new partnerships.   

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

Boosting soil nutrient mapping in sub-Saharan Africa

Boosting soil nutrient mapping in sub-Sa…

The Food and Agriculture Organization of the United Nations (FAO) is set to fast track an impact-oriented project in sub-Saharan Africa and Central America for digital soil nutrient mapping, after...

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

Prev Next

OTHER RELATED ARTICLES - Agriculture

AfDB approves US$10mn equity investment in Phatisa Food Fund

AfDB approves US$10mn equity investment …

The AfDB has approved US$10mn equity investment in Phatisa Food Fund2 (PFF2) to boost agriculture and nutrition across Africa

IFC, WFP collaborate to finance smallholder farmers in Rwanda and Tanzania

IFC, WFP collaborate to finance smallhol…

The International Finance Corporation (IFC) and the Global Agriculture and Food Security Program (GAFSP) are collaborating with the United Nations World Food Programme (WFP) to launch smallholder farmer financing programs...

Reports claim fruit, vegetables, protein remain out of reach for most Africans

Reports claim fruit, vegetables, protein…

Africa's agri-food systems must be transformed to make healthy diets more affordable for Africans, according to a report launched by the Food and Agriculture Organization of the United Nations (FAO), the...

Flash Appeal launched as 2.5 million face dire situation in Kenya

Flash Appeal launched as 2.5 million fac…

People in Kenya’s arid and semi-arid lands (ASAL) are facing a dire situation and immediate action is needed to respond to the severe drought, said UN resident coordinator for Kenya...

West Africa is all prepped up for desertification COP15

West Africa is all prepped up for desert…

West African representatives from the ministries of planning and finance, environment, and other stakeholders had gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation...

Agriculture flourishes in Africa

Agriculture flourishes in Africa

Modern farming methods are helping farmers buffer themselves from the harsh consequences of adverse weather and unfavourable market conditions with a new philosophy; high-yield seeds

Provivi receives regulatory approval for Pherogen SPOFR in Kenya

Provivi receives regulatory approval for…

Provivi, an emerging crop protection company using pheromones to protect crops from major damaging insects, has announced regulatory approval of Pherogen SPOFR in Kenya

Getting fertiliser into farmer’s hands

Getting fertiliser into farmer’s hands

To facilitate access to subsidized fertilizer for smallholder farmers, IFDC has developed a fertiliser voucher programme that relies on a public-private partnership

Young farmers in Zimbabwe blaze a trail in agriculture

Young farmers in Zimbabwe blaze a trail …

As President Emerson Mnangagwahas adopted policies to attract the young and educated to farming, Zimbabwe's structural economic transformation is now expanded to the agricultural sector, catching the attention of young farmers

Sweden partners with TechnoServe to support Zambia’s food Processors

Sweden partners with TechnoServe to supp…

International nonprofit TechnoServe has accepted funds worth US$36mn from Swedish International Development Cooperation Agency (SIDA) to support the implementation of the Food Enterprises for a Developed (FED) Zambia programme from...

Nigeria targets cashew nuts export worth US$2bn by 2017

Nigeria targets cashew nuts export worth…

Nigeria is looking at exporting cashew nuts worth US$2bn in next two years as part of its measures to diversify the economy and move away from over-dependency on oil, according...

New Holland Agriculture wins three medals at 2001 SIMA Innovation and Edison Awards

New Holland Agriculture wins three medal…

New Holland Agriculture’s innovation in combine harvesting has been recognised with silver and a bronze medal at the SIMA Innovation awards

Prev Next