USAID funded Trade Hub supports Senegalese Agro Boye, Guinea’s La Petite Damba to increase capacity

WEST AFRICA – Senegal-based agribusiness firm Agro Boye, has received a US$1.1 million co-investment grant from the USAID-funded West Africa Trade & Investment Hub (Trade Hub), to increase its production capacity of horticultural products, helping to reduce food insecurity and import-dependency in the country. The investment comes three years after its partnership with the Trade Hub on building a successful pilot project that the agribusiness implemented in 2019 to boost its potato cultivation using 30 hectares of land. At that time, Agro Boye first invested around US$260,000 and produced 900…

Read More

IFAD supports Guinea’s agriculture sector recover from COVID-19 pandemic by issuing a grant

GUINEA – The International Fund for Agricultural Development (IFAD), is seeking to provide the Republic of Guinea with a grant worth US$530,840, to improve the resilience of more than 2,123 poor farming households trying to cope with the COVID-19 pandemic. The support, channelled from IFAD’s Rural Poor Stimulus Facility (RPSF), is aimed to ensure rapid access to inputs, information, markets and cash by the rural producers. The project will provide beneficiaries with basic agricultural equipment for food production and processing, technical assistance and training for increased productivity. The target beneficiaries…

Read More

African Development Bank supports Guinea’s honey value chain with US$642K grant

GUINEA – The African Development Bank has partnered with the Republic of Guinea to improve honey production, build the competitiveness of the value chain and increase farmer’s income. Under the project AfDB has issued a grant of C$ 846,360 (US$642K) through the African Trade Fund (AfTa), which represents 86.8% of the total cost of the initiative, with a counterpart of C$122,550 (US$93K) coming from the beneficiaries. The funding, according to AfDB will be channelled through the Peanut, Shea and Honey Production Cooperative (COPRAKAM), which has 1,500 members in the honey…

Read More