Monday, September 1, 2025
28.8 C
Lagos

Agriculture Fund Plans 17 New Agribusiness SME Projects in Nigeria, Others

The African Development Bank will launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT)  in support of agribusiness Small- and Medium-sized Enterprise (SMEs) in eight African countries – Ghana (4), Tanzania (4), Burkina Faso (2), Malawi (2), Mozambique (2), Ethiopia (1), Nigeria (1) and Senegal (1).
The AFT Fund is managed by the Agriculture and Agro-Industry Department of the African Development Bank. It supports the development of a strong pipeline of “bankable” agriculture infrastructure projects and assists African agribusiness SMEs in project preparation activities to ease their take-off.

The fund is supported by the governments of the USA (through USAID), Denmark (through DANIDA) and Sweden (through Sida).
The Fund finances the project development cost of a broad range of agriculture infrastructure, spanning the entire value chain: from production to the market. Target projects range from rural feeder roads to irrigation, agro-processing and marketing facilities, and out-grower schemes.

The emphasis is on projects that contribute to the food security, income enhancement, job creation, and livelihood of smallholder farmers.
The projects are being implemented in 10 eligible regional member countries (RMEs) of the Bank: Benin, Burkina Faso, Cote d’Ivoire, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Senegal and Tanzania.

spot_img
spot_img

Hot this week

Ecobank Nigeria @ 40: Group Unveils N60m in Cash Rewards Program for Customers

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

GOCOP 2025: Conference on Governance Challenges, Prospects Set for October 9

The Guild of Corporate Online Publishers (GOCOP) has announced...

NCC Advances Cybersecurity Framework to Safeguard Nigeria’s Telecom Infrastructure

L-R: President, International Youth Parliament, Hon. Promise Digos; Chief...

Northwest: The Lion’s Share of Tinubu’s Projects

By Tanimu Yakubu Director-General Budget Office of the Federation The Lagos Illusion The...

From Devaluation to Domination: How Tinubu’s Exchange Rate Reforms Turned the Naira into Nigeria’s Export Engine

By Tanimu Yakubu When President Bola Ahmed Tinubu’s administration...

Topics

PZ Cussons Chemistry Challenge 2018 Commences Registration

Nigeria’s number one pure science competition, PZ Cussons Chemistry...

Shareholders Lament Foreign Acquisition of Local Insurance Firms  

  L-R: Welfare Officer, Independent Shareholders Association of Nigeria (ISAN),...

Iran’s Return Poses New Questions for Oil Price

Free of international sanctions, unfettered Iranian oil exports might...

Polaris Bank: Positioning for Digital Leadership, Market Dominance-CEO

Leading digital financial institution, Polaris Bank Limited has assured...

CIIN Names Abimbola Tiamiyu as New DG

Mrs. Abimbola Tiamiyu Director-General CIIN The Chartered Insurance Institute of Nigeria (CIIN)...

Ilori Appointed DG of NIA

The Governing Council of the Nigerian Insurers Association (NIA)...

Custody of Annuity Fund: PenCom, NAICOM Fight Rough Over Fees, Commission

As the controversy over the custody of Retiree Life Annuity fund between...
spot_img

Related Articles

Popular Categories

spot_imgspot_img