Sudan: Signatory of Agreement for Finance and Sharing Rick

Khartoum — Ministry of agriculture and Forests signed five years agreement on Thursday starting from 2019 up to 2025 with AL Daman for Microfinance Agency. The agreement based on microfinance and risk sharing.

Caretaker Undersecretary of Ministry of Agriculture and Forests Eng. Babikir Othman signed for the ministry whilst, the General Manager Egbal Jaafar Hussein, signed for the Agency.

Othman said during signatory ceremony that the agreement targeted financing youth projects in agriculture field saying funding represented a key factor in successful agricultural activities.

He pointed out that the cooperation between his ministry and the agency aimed to empowering youth operated their incubators by using modern technology.

For her part Egbal confirmed to empower youth through availing funds mechanism and sharing risks. That she said would maintain big benefit for the youth.

The Coordinator of Youth Empowerment Program at the Agency Salih Khar Allah said the agreement estimated to cost $18m as a grant from African Development Bank.

See What Everyone is Watching

More From: SNA

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 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.