Agriculture Fast Track Fund to Launch 17 New Projects in Support of Agribusiness SMEs in Ghana and Seven Other African Countries

10 April 2019
Content from a Premium Partner
African Development Bank (Abidjan)

African Development Bank, Ghana Country Office, Ridge, Accra — Who: The African Development Bank

What: Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT)

Date: Wednesday, 17 April 2019, from 9:00 - 11:00am

Venue: African Development Bank, Ghana Country Office, Ridge, Accra.

The African Development Bank will launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) in support of agribusiness Small- and Medium-sized Enterprise (SMEs) in eight African countries - Ghana (4), Tanzania (4), Burkina Faso (2), Malawi (2), Mozambique (2), Ethiopia (1), Nigeria (1) and Senegal (1).

The AFT Fund is managed by the Agriculture and Agro-Industry Department of the African Development Bank. It supports the development of a strong pipeline of "bankable" agriculture infrastructure projects and assists African agribusiness SMEs in project preparation activities to ease their take-off. The fund is supported by the governments of the USA (through USAID), Denmark (through DANIDA) and Sweden (through Sida).

The Fund finances the project development cost of a broad range of agriculture infrastructure, spanning the entire value chain: from production to the market. Target projects range from rural feeder roads to irrigation, agro-processing and marketing facilities, and out-grower schemes. The emphasis is on projects that contribute to the food security, income enhancement, job creation, and livelihood of smallholder farmers.

The projects are being implemented in 10 eligible regional member countries (RMEs) of the Bank: Benin, Burkina Faso, Cote d'Ivoire, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Senegal and Tanzania.

Media are invited to the opening ceremony which will take place from 09.00 am - 11.00 am on Wednesday, 17 April 2019.

Contacts:

Media: Emeka Anuforo, Media Relations Officer,Communication and External Relations Department, African Development Bank, email: e.anuforo@afdb.org

Technical: Tabi Karikari, Agric & Natural Resource Mgt. Officer, African Development Bank

Read the original article on African Development Bank (AfDB).

Tagged:
Copyright © 2019 African Development Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.