AfDB, partners rally to raise food yield on continent, seek new grain supply routes
Lender will release up to $1.5 billion targeting 20 million farmers spread across Africa.
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Lender will release up to $1.5 billion targeting 20 million farmers spread across Africa.
AFRICAN Development Bank (AfDB) President Dr Akinwumi Adesina says he has accepted President Emmerson Mnangagwa 's request for the bank to lead the country's debt repayment strategy as Zimbabwe seeks to expunge its onerous debt overhang.
The $35 million Savannah Investment Programme Productivity Investment Project (SIP) and the Savannah Zone Agricultural Productivity Improvement Project (SAPIP) of the African Development Bank
The money will be disbursed as concessional loans for SMEs involved in agribusiness especially those founded and run by women.
According to the AfDB, Africa needs an additional US$432 billion to finance its recovery at a time when budgetary margins have been severely squeezed