Gambia: IDB to Allocate U.S.$3 Million Loan to Gambia Livestock Farmers

20 January 2020

Coordinator of the Central Projects Coordination Unit (CPCU) under the ministry of agriculture has disclosed that Islamic Development Bank (IDB), through the small ruminant production and enhancement project will allocate and deposit three million dollars to the microfinance department of the central bank of The Gambia as loan to Gambia livestock farmers.

Abdoulie Touray said the loan, with a minimal Shari'ah interest will enable the livestock owners in the rearing of their small ruminants.

He said plans are under way to hire a Shari'ah expert as consultant to identify how the loan will be given to the livestock farmers with minimal interest. He said once that is done, everything will start, saying the small ruminant which project will be house at Yorro Beli Kunda in the Central River Region, where the majority of the farmers are based.

Mr Touray said the project will embark on various activities such as construction of laboratory, training centre, construction of meat stalls and storages countrywide, establishment of pharmacies and capacity building for livestock farmers.

According to him, the project is expected to last for four years and will cover thirty-nine districts. He said the objectives of the project is to improve the rearing of small ruminants and discourage the importation of small ruminants from neighbouring countries like Senegal and Mali.

He added that the aim to boost Gambia's agriculture production and productivity is to change the livelihood of farmers, saying CPCU has no doubt that with the composition of the project management and with support from the farmers, the project will be the leading success in the country.

He said the project will be providing capacity building training for farmers to empower them with the requisite knowledge in the management of their businesses through the value added chain.

See What Everyone is Watching

More From: The Point

Don't Miss

AllAfrica publishes around 800 reports a day from more than 140 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 as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.