Tag: World Bank

World Bank issues US$375m financing to revitalize pastoralism in the Sahel region

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AFRICA – The Board of World Bank’s Executive Directors have approved the new US$375 million IDA financing, to support the implementation of the second Regional Sahel Pastoralism Support Project, known by its French acronym PRAPS-2 (Projet regional d’appui au pastoralisme au Sahel-Phase 2). The project is aimed to improve the productivity and resilience of pastoral production systems in the Sahel region including in Burkina Faso, Chad, Mali, Mauritania, Niger and Senegal. Building on the successes of its predecessor (PRAPS-1), PRAPS-2 will pursue investments to establish more robust animal health systems,…

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World Bank issues US$60m to strengthen resilience of agricultural sector in Africa

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AFRICA – The World Bank has granted CGIAR US$60 million to help advance agricultural research efforts for the benefit of rural households that rely on agriculture as a major livelihood source, and to increase food security. CGIAR is a global partnership that unites international organizations engaged in research about food security. The grant issued through World Bank’s International Development Association (IDA) is aimed to help African countries strengthen the resilience of their agricultural sectors to the threat posed by climate change. “Knowledge generation and technology transfer are deserving of IDA…

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IFAD injects US$62m in Lesotho to boost food security through SADP II

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LESOTHO – The United Nations International Fund for Agricultural Development (IFAD) has announced US$62m in funding to boost food security and nutrition, mitigate the impact of climate change and strengthen livelihoods for 160,000 poor rural households in Lesotho. According to IFAD, the funding will provide the means for a six-year extension of the successful Smallholder Agriculture Development Project (SADP I). The agreement for the SADP II was signed by Gilbert F. Houngbo, the president of IFAD, and Thabo Sophonea, minister of finance. The total project financing comprises of US$50 million…

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World Bank injects additional US$80m into Ethiopia’s Agricultural Growth Project II

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ETHIOPIA – Ethiopia has received US$80 million grant from World Bank’s fund, International Development Association (IDA) to bolster agricultural productivity and enhance market access for smallholder farmers. IDA provides grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. According to the World Bank the funding will be injected into the second Agricultural Growth Project (AGPII) which was approved in 2015 and expected to close in 2022, aimed to further increase the economic potential of Ethiopia’s agricultural sector. “AGPII…

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Kenya to modernize coffee pulping factories with US$52.5m financing from World Bank

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KENYA – Kenya is seeking Ksh.5.7 billion (US$52.5m) financing from the World Bank for the rehabilitation of about 800 coffee pulping factories. This is in addition to the Ksh 1.5 billion (US$13.9m) coffee revitalization project launched by the government in partnership with the World Bank targeting eight counties to increase coffee production. The programme covers Kiambu, Murang’a, Nyeri, Kirinyaga, Machakos, Embu, Tharaka Nithi and Meru Counties. According to the Agriculture Cabinet Secretary Peter Munya, the new financing sourced is expected to be available in the next three months. The funding…

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

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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 injects US$40.3m to restore livelihoods of Kenyan farmers affected by the locust invasion

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KENYA – The World Bank has injected ksh.4.3 billion (US$40.3m) to finance the Emergency Locust Response Program (ELRP) in Kenya targeting to restore the livelihood of farmers in the Arid and Semi-Arid Lands (ASAL) areas that have been affected by the locust invasion. The project will be implemented in the next three years and the financing will also incorporate surveillance control and long term sustainability. The restoration programme is further designed to strengthen farmer producer organizations to facilitate access to inputs, services and output markets for sustainable restoration of their…

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World Bank funds projects to promote climate smart agriculture in Kenya

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KENYA – The Kenya Climate Smart Agriculture Project (KCSAP), a World Bank funded project has issued grants worth ksh.18.9million (US$177,500) in inputs and equipment to facilitate climate smart agricultural projects in Kakamega Country, West of Kenya. KCSAP aims to mitigating the effects of climate change by up scaling Climate Smart Agriculture (CSA) practices and supporting smallholder farming and pastoral communities in the country. According to the County Coordinator of Kenya Climate Smart Agriculture Project (KCSAP), Merina Adhiaya, the micro projects to be supported by the ksh.18.9m (US$177,500) fund are in…

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Kenyan government promotes marine fishing with US$93.65m investment

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KENYA – The Kenyan government has received a Ksh10 billion (US$93.65m) concessional loan from the World Bank aimed to improve governance and management of marine fisheries and aquatic resources as well as promote investment in the sector. The funding comes fortnight after a partnership with the international fund for agricultural development (IFAD), raising Ksh. 14 billion (US$131.11m) in a bid to increase fish production in the country. The Ksh.10 billion (US$93.65m) investments targets five beneficiary coastal counties i.e. Kwale, Mombasa, Kilifi, Tana River and Lamu through the Kenya Marine Fisheries…

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

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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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