(AFRICAN EXAMINER) - The European Investment Bank (EIB) has approved a new €20 million loan to boost food production by empowering farmers and fishers in Madagascar. EIB is the biggest multilateral financial institution in the world and one of the largest providers of climate finance. Since 1970, the EIB has made long-term investments of €904
Madagascar: Boost for farmers, fishers and food security with €20 million European Investment Bank (EIB) loan for Sahanala initiative zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Smallholder farmers, fishers and the Malagasy population as a whole stand to benefit from a €40 million Sahanala project, supported by a €20 million investment from the European Investment Bank (EIB), signed today in Antananarivo. The loan will promote agricultural mechanisation alongside traditional farming practices in western Madagascar (Maintirano). It…