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Agrotech Africa Media

AFDB Awards the Sum of $80M Loan to Congo to Set up Agric value chain.

The African Development Bank (AFDB) lends the sum of $80 Million dollars to Congo to enable them establish agricultural financing mechanism that will empower about 350,000 persons in agricultural value chain. The project is expected to contribute to the establishment of a suitable agricultural financing mechanism, as this will boost agricultural productivity over the long term through access to factors of production, soil fertility management and improvement of rural infrastructures among others.

“The project will focus on a limited number of value chains, including cassava, poultry, maize, aquaculture and fish farming”, Ali Eyeghe , head of the Agriculture , Human and Social Development for Central Africa Division (RDGC2) at the bank .

 According to him, this Integrated Agricultural Value Chain Development Project in Congo (PROVIDAC)  will target the major marketing centres in the country such as Brazzaville ,Pointe Noire, Plateaux department , Pool, Bouenza , Cuvette and Niari as the project life cycle is six years.

“Some 355,000 people, 40 per cent of whom are women and 40 per cent of whom are young people in the various links of the targeted agricultural value chains, are concerned by the interventions of PROVIDAC,” added Ali Eyeghe.

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