World Bank to finance smallholder farmers and agri-enterprises in Liberia, Côte d’Ivoire

WEST AFRICA – The World Bank has approved new financing through the International Development Association (IDA), to increase productivity and market access for smallholder farmers and agri-enterprises in Liberia and Côte d’Ivoire. In Liberia, the bank is injecting US$55 million credit financing into the Rural Economic Transformation Project (RETRAP), focusing on improved production of cassava, rubber, poultry, and pigs. This new financing targets 60,000 persons, 50 percent of whom are women, mainly smallholder farmers and agri-entrepreneurs (private agribusiness investors, cooperatives, and SME processing or providing other services to agri-food systems)…

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Liberia secures US$9.6m from CCAF to support climate resilient agriculture

LIBERIA – The Government of Liberia has secured US$9.6 million (about L$2 billion) from the Climate Change Adaptation Fund (CCAF) for a project aimed at developing a climate resilient agriculture in the country. The project “Building Climate Resilience in Liberia’s Cocoa and Rice Sectors” is an initative of the Environmental Protection Agency of Liberia. The project’s main aim is developing programmes to help developing the country adapt to the adverse effects of climate change. According to CCAF, Liberia is one of the African countries affected by climate change resulting to…

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Liberian government contracts farmers to produce rice, cassava with US$5.5m funding from World Bank

LIBERIA – The Ministry of Agriculture (MOA)of Liberia has awarded contracts to 10 small holders’ farmers and food processors to undertake rice and cassava production in a bid to mitigate the impact of COVID-19 on the agriculture sector and boost food security. The project is spear-headed under the Smallholder Agriculture Transformation Agribusinesses Revitalization Project (STAR-P) with funding US$10.5m from the World Bank According to reports by Front Page Africa, of the amount US$5 million was given to the World Food Program (WFP) for food distribution, while the remaining fund was…

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World Bank approves US$10.5m funding to support Liberia’s agriculture sector

LIBERIA – The World Bank has approved US$10.5 million funding to support Liberia’s Ministry of Agriculture COVID-19 Food Security, Nutrition and Livelihood plan. The funding is drawn from the Contingency Emergency Response Component (CERC) within the World Bank’s funded Smallholder Agriculture Transformation and Agribusiness Revitalization Project (STAR-P) in Liberia which kicked off in 2019. STAR-P is directed and supervised by the Ministry of Agriculture (MoA) and aims to increase agricultural productivity and commercialization of smallholder farmers for selected value chains in selected counties of the country. According to a report…

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Liberia sets up competent fisheries laboratory promoting exports

LIBERIA – Liberia is soon set to start operating its state-of-the-art fisheries competent laboratory for post-harvest and quality assurance that will enable the country to export fish produce to international markets. The Director-General of the National Fisheries and Aquaculture Authority (NaFAA), Mrs. Emma Metieh Glassco disclosed that the laboratory equipment had arrived in Monrovia from Iceland. Mrs Glassco assured that the sophisticated equipment will be installed, managed and operated for couple of months by Icelandic consultants (after the COVID 19 pandemic subsides) recruited for the purpose of this project. She…

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Liberian government provides funds to enhance local rice production, processing

LIBERIA – Liberia’s Minister of Finance and Development Planning (MFDP), Samuel D. Tweah Jr., and Agriculture Minister, Madam Jeanine Cooper have signed a Cash Collateral Guarantee agreement with the Afriland Bank to enhance rice production and processing in the Country. Under the agreement, the MFDP will provide an initial amount of US$700,000 to the Afriland Bank as cash collateral for utilization by three rice processing companies, i.e. the Fabrar, Agriculture Infrastructure Investment Company and Selma Agriculture Company. The agriculture loan will capacitate these rice processing companies to purchase more paddy…

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Liberia, World Bank Sign US$3.7m agreement to boost fisheries sector

LIBERIA – The Government of Liberia and the World Bank have signed a US$3.7 million Project Preparatory Advance (PPA) document intended to set the pace for a bigger International Development Association’s US$40 million to support the fisheries sector. Liberia’s Minister of Finance & Development Planning, Samuel Tweah signed on behalf of the Government, while World Bank Liberia Country Manager, Dr. Khwima Nthana signed on behalf of his institution. The new project will involve investments in improving the management of selected fisheries, improving the handling of fish and fish products and…

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LIBA to invest US$157.9m to boost food production on commercial scale

LIBERIA – The Liberia Business Association (LIBA), the umbrella Association for all indigenous Liberian business owners has announced that it will invest U.S.$157.9 Million in collaboration with other Liberian institutions in the food production sector to support its commercialization through the Liberia Food Production Program. A press release signed by LIBA president, Mr. James M. Strother, said that after extensive consultation with a wide range of stakeholders in the national economy, it would pursue measures to encourage and stimulate greater interest in the food production business in the country. The…

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Sime Darby Plantation offloads its Liberian oil palm business unit

LIBERIA – Sime Darby Plantation (SDP), a Malaysian oil palm planation company has completed the sale of its entire 100% equity interest in its palm oil concession in Liberia, Sime Darby Plantation Liberia Inc. (SDPL) to Mano Palm Oil Industries Limited (MPOI). MPOI is a subsidiary of Liberia’s largest manufacturer of household, health and cleaning products Mano Manufacturing Company (MANCO) who was a principal buyer of Sime Darby’s palm oil since 2015. The Bursa Malaysia filing follows an earlier press statement in December 2019 that a Sale & Purchase Agreement…

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Solidaridad, EU sign US$4m partnership agreement to develop Liberia’s cocoa value chain

LIBERIA – Solidaridad West Africa in partnership with the European Union, has penned a memorandum of understanding for the implementation of the US$4M Cocoa Value Chain Development Program (COVADEP) in Liberia which Solidaridad is expected to provide US$1million. The agreement is a 4-year intervention that seeks to reduce poverty by increasing incomes, improving livelihoods and the resilience and competitiveness of the Liberia Cocoa sector. The COVADEP program comes on the heels of about two years of implementation of the Liberia Cocoa Sector Improvement Program (LICSIP) by Solidaridad to create a…

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