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The African Development Bank Group has recently signed an agreement with the transitional government in Guinea for a $28 million loan to support the development of agriculture, digitisation and market access in the West African country.
The Banks Country Manager in Guinea, Leandre Bassole and the Guinean Minister of the Economy and Finance, Moussa Cisse, signed the agreement in Conakry on 3 August 2023.
The project to support agropastoral development, digitisation and market access in Guinea was approved on 14 July 2023 by the Bank Groups Board of Directors.
It aims to improve the contribution of agriculture to Guineas economic development while ensuring food and nutritional security for rural households and enhancing their incomes, financial inclusion and resilience to climate change.
Specifically, the project promotes the production of maize and soya for processing into poultry and livestock feed, and the development of processing and marketing infrastructure for the two target sectors, including grazing facilities.
Strengthening climate resilience among agriculture producers
It will help strengthen resilience to climate change among agricultural producers and livestock farmers, support womens empowerment, and reduce vulnerabilities and inequalities between men and women in agriculture.
Cisse highlighted the projects innovative nature, particularly in digitisation and financial inclusion, saying it will guarantee better access to information and a more secure income for producers.
He urged the key actors involved, including the project management unit, to act diligently and show dexterity in implementing the project. |
