Africa Development Bank to invest  US$33M in Mozambique’s poultry industry

MOZAMBIQUE – The African Development Bank (AfDB) is channeling a strategic investment of US$33M into Mozambique’s poultry sector, aiming to unlock its significant growth potential. 

This funding is part of the Inclusive Agri-food Value Chain Development Programme (PROCAVA), designed to enhance chicken farming in Mozambique, which is already the leading red meat producer in the Southern African Development Community (SADC) region with an annual production of 29,000 tonnes.

During the National Livestock Forum, AfDB representative Flávio Soares da Gama announced this initiative, highlighting that it’s more than just a financial boost. 

It symbolizes a partnership between the AfDB and the International Fund for Financing Agricultural Projects, with the Mozambican Ministry of Agriculture and Rural Development overseeing the implementation.

Soares da Gama underscored the AfDB’s dedication to providing more than financial resources. 

As a longstanding partner in Mozambique’s development, the AfDB aims to apply its expertise across the entire livestock value chain. 

“Under the pillar of financing African projects,” he stated, “the AfDB drives private sector development, and we aim to replicate this success with the poultry sector.”

Mozambique’s Minister of Agriculture, Celso Correia, welcomed the AfDB’s initiative, outlining plans to strategically allocate the funds across public and private sector projects within the poultry industry. 

The sector has already seen a 41% production increase over the past five years, and PROCAVA is expected to further accelerate this growth.

The initiative’s impact extends beyond boosting chicken production. 

By fortifying the poultry value chain, PROCAVA aims to create jobs, especially in rural areas, enhancing smallholder farmers’ access to resources, training, and market opportunities. 

This can lead to higher household incomes and support poverty reduction efforts.

Strengthening the poultry industry also promises to improve Mozambique’s food security. 

This is because increased domestic chicken production can meet the rising demand for protein as the population grows, reducing dependency on imports and stabilizing food prices and availability.

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