Tag: World Bank

Kenyan government promotes marine fishing with US$93.65m investment

Editor

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…

Read More

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

Editor

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…

Read More

Locust Invasion Update: World Bank joins fight to combat locust invasion with US$500m facility

Editor

AFRICA – The World Bank Group has approved US$500 million financing for the Emergency Locust Response Program (ELRP), to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people. The ELRP will focus on providing immediate assistance to help poor and vulnerable farmers, herders, and rural households overcome one of the worst locust upsurges in decades. The program will provide immediate support to affected households through targeted social safety nets like cash transfers, while investing in…

Read More

Kenya launches US$13.9m coffee revitalization project in partnership with the World Bank

Editor

KENYA – The Kenyan government in partnership with the World Bank has launched phase one of coffee revitalization project to a tune of Ksh 1.5 billion (US$13.9m) concessional loan in two years that will focus on increasing coffee production in 8 growing areas. The programme will cover Kiambu, Murang’a, Nyeri, Kirinyaga, Machakos, Embu, Tharaka Nithi and Meru Counties. Speaking during the launch of the project, Agriculture livestock, Fisheries and Cooperative Cabinet Secretary, Peter Munya said the programme will not only increase coffee production but will improve efficiency of farmer cooperatives,…

Read More

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

Editor

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…

Read More

World Bank backs Kenyan Climate Smart Agriculture project with funding

Editor

KENYA – The World Bank has issued over ksh. 40 million (US$ 396, 738) financing to Laikipia County, North-West of Kenya to facilitate the Climate Smart Agriculture programme aimed at empowering rural farmers on climate change mitigation. Laikipia Governor Ndiritu Muriithi says farmers ought to embrace new technologies if they are to improve yields and practice sustainable agriculture. He called on the farmers to improve their rainwater harvesting systems to compliment what the Kenya Climate-Smart Agriculture Project is doing in building larger dams for fruit farmers. He noted that countries…

Read More

Kenya to receive US$98.5m from the World Bank to develop sustainable fisheries sector

Clement M.

KENYA – Five coastal counties in Kenya are set to benefit from a Sh10 billion (US$98.5m) funding from the World Bank to develop fisheries sector and harness opportunities in the blue economy. Mombasa, Kwale, Kilifi, Tana River and Lamu counties have been listed as beneficiaries of the fund secured by the national government through the State Department of Fisheries and the Blue Economy programme. The funding is meant to support the Kenya Marine Fisheries and Socio-Economic Development (Kemfsed) project which will be rolled out this year, so as to attain…

Read More

Malawi receives US$4.4m boost from Norway to strengthen agricultural research

Editor

MALAWI – The Norwegian Government acting through the Ministry of Foreign Affairs has injected an additional US$4.4 million (about K3.2 billion) towards the Malawi Second Agriculture Sector Wide Approach Support Project (ASWAp SP II). The funds administered by the World Bank Multi-Donor Trust Fund is aimed to strengthen extension and research services of Malawi’s Agriculture sector. Norwegian Ambassador to Malawi, Steinar Hagen said, “It is Important to strengthen the government system, including sectors related to policy, extension and research, and at the same time, reach out to the small-scale farmers…

Read More

World Bank, AFD to pump US$230m into Angola’s agriculture sector

Editor

ANGOLA – The World Bank in collaboration with the French Development Agency, AFD (Agence Française de Développement) will avail an overall US$230 million in November, for the financing of projects to boost local production and foster Angola’s commercial agriculture. The project to be conducted by the Ministry of Agriculture and Forest will have an initial six-year implementation in the provinces of Malanje, Cuanza Norte and Cuanza Sul according to the project’s coordinator, Pedro Dozi. The World Bank will make available US$130 million, while AFD is to release US$100 million to…

Read More

India to boost food processing sector through US$417m value addition program

Editor

INDIA – India has partnered with the World Bank in a US$417million (INR$30 billion) collaborative program that seeks to revolutionize the country’s food manufacturing sector. According to an Economic Times report, the programme will receive INR15 billion (US$209 million) from the World Bank, INR10bn (US$139mn) from the central government and INR5 billion (US$69.5million) from the state governments. The program, dubbed ‘India Food Processing and Value Addition Program’ (IFPVAP), will focus on five major food categories including and packaged foods. IFPVAP will also focus on dairy products, fruits and vegetables, grains…

Read More