Monday, September 9, 2024
HomeBusinessComoros: African Development Bank provides nearly €6 million to boost food production

Comoros: African Development Bank provides nearly €6 million to boost food production

The Board of Directors of the African Development Bank Group has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system.  The move comes as the country has experienced rising food prices due to the war in Ukraine.

The grant funds will come from the African Development Bank’s Transition Support Facility, a mechanism to help fragile African states consolidate peace, build resilient institutions, stabilize their economies, and lay the foundations for inclusive growth.

Under the Emergency Agricultural Production Support Project, the grant will support intensified production of maize, potatoes, and sweet potatoes through the use of climate resilient certified seeds and varieties.  The funding will also help boost poultry production and the supply of eggs and chicken for consumption.

Agricultural producers in the country will receive 270 tons of maize and potato seeds and 300,000 sweet potato vines. They will also receive 75 tons each of DAP binary fertilizer, NPK (nitrogen, phosphorus, and potassium) fertilizer and urea fertilizer, as well as phytosanitary products.

Under the project, farmers will also take delivery of four tractors and 20 power tillers. Sixteen laying and broiler houses will be built to house 160,000 day-old chicks (broiler and laying). About 10,780 producers will receive training in the production, processing and conservation of maize, potatoes, and sweet potatoes. Further, 3,220 poultry farmers will be trained in breeding techniques and poultry management. Lastly, the project will establish a guarantee fund for producers of agricultural inputs and feed importers.

More than 14,000 households, about 70,000 people, living on the country’s three islands—Grande-Comoros, Anjouan and Mohéli – will benefit from the project. Beneficiaries are covered by a dozen rural economic development centres and 400 professional agricultural organizations, 55% of which are owned by women.

To address the impact of rising food prices resulting from the war in Ukraine, the Board of Directors of the African Development Bank Group on 20 May 2022 approved a $1.5 billion African Emergency Food Production Facility. It has begun providing quality seeds (wheat, rice, maize, and soybean), fertilizers and other support services to 20 million farmers across Africa. The goal is to produce an additional 38 million tons of food over the next two years, with an estimated $12 billion value.
Source African Development Bank Group

Maravi Post Reporter
Maravi Post Reporterhttps://www.maravipost.com/
Op-Ed Columnists, Opinion contributors and one submissions are posted under this Author. In our By-lines we still give Credit to the right Author. However we stand by all reports posted by Maravi Post Reporter.
RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments

Sylvester Movette zunda on Mali wedding attack kills 21
James Hastings Chidule on Malawi’ fistula recovery at 86%
WELLINGTON WITMAN MOSELIJAH LUNDUKA on The history of Ngoni Maseko in Malawi
Lisa Frank on Home
azw3 on Home
Define Regtech on Home
Tobias Kunkumbira on Malawi to roll out Typhoid vaccine
arena plus nba standings 2022 to 2023 ph on Home
David on Home
마산출장 on Home
Cristina Thomas on Home
Alicia Alvarado on Home
The History of online Casinos – Agora Poker – hao029 on The History of online Casinos
Five factors that will determine #NigeriaDecides2023 - NEWSCABAL on Leadership Is Difficult Because Governance Is Very Stubborn, By Owei Lakemfa
Asal Usul Texas Holdem Poker – Agora Poker – hao029 on The Origins of Texas Holdem Poker
Malawi has asked Mike Tyson to be its cannabis ambassador - Techio on Malawi lawmaker Chomanika against Mike Tyson’s appointment as Cannabis Brand Ambassador over sex offence
Finley Mbella on Brand Chakwera leaks Part 1
Maria Eduarda Bernardo on The 2021 Guide to Trading Forex Online
Atsogo Kemso, Political Foot Soldier on Why MCP and UTM Alliance Will Fail
Em. Prof. Willem Van Cotthem - Ghent University, Belgium on Malawi army, National bank cover Chilumba barrack with trees
Christopher Murdock on Why dating older woman is dangerous?
Samantha The Hammer on Why dating older woman is dangerous?
Timothy Ralph Nyirenda on