AfDB supports Mozambican farmers, counsel on economy

Two days ago, the Bank signed grant agreement with the government of Mozambique for two operations amounting USD 29 million.

AfDB supports Mozambican farmers, counsel on economy

Two days ago, the Bank signed grant agreement with the government of Mozambique for two operations amounting USD 29 million.

24 February 2018 Saturday 15:28
AfDB supports Mozambican farmers, counsel on economy

By Azania Post Reporter

AGRICULTURAL production in Mozambique is likely to increase in near future , thanks to new initiatives taken by the African Development Bank(AfDB) to support the sector.

Two days ago, the Bank signed grant agreement with the government of Mozambique for two operations amounting USD 29 million.

According to the AfDB, the first intervention will support the uptake of agricultural technologies and techniques, as well as small scale irrigation equipment to increase climate resilience of small agricultural producers in southern Mozambique.

Another operation will strengthen the curricula and teaching facilities at the University of Lurio, in the north of the country, focusing on creating skills for agriculture and engineering.

Speaking at the signing ceremony on behalf of the Bank’s President, Akinwumi Adesina, and the Country Manager for Mozambique, Pietro Toigo, said: “The gas discoveries in Northern Mozambique are likely to transform its economy, but to make these resources improve lives; Mozambique needs to invest now in economic diversification.

He added that that was the reason for the Bank is investing in agriculture and skills to ensure the country has a solid economic base.

On his part, the Minister of Finance and the governor for Mozambique at the Bank, Adriano Maleiane, underscored the close alignment of the Bank’s High 5s with the Government of Mozambique’s priorities.

He said the two operations support two pillars of the Government strategy, enhancing agricultural resilience and improving skills for young people to compete in the market place.

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