Mozambique to receive financial package for agricultural development in the centre of the country

26 August 2010

Maputo, Mozambique, 26 Aug – Mozambique is to receive a financial package of an unspecified amount from the Alliance for a Green Revolution in Africa (Aliança para a Revolução Verde em África) to fund development of agriculture in the Beira Corridor region in the centre of the country, the Agriculture Minister said.

Cited by Mozambican newspaper Notícias, Soares Nhaca also said that in September a credit line would be launched to the value of 120 million meticals (US$3.2 million) to fund agricultural production, processing and commercialisation in the provinces of Manica, Sofala and Zambézia.

The minsiter also said that a tender ahd been launched as part of the Catalyst Fund (a fund managed by the World Bank that receives regular contributions from several donor countries) in the value of US$20 million donated by Norway to fund agricultural activities in the country’s central region.

In relation to the project to fund agricultural production in the Beira Corridor Soares Nhaca said that the government was currently finalising the documents needed to submit it to the initiative’s financiers.

The Alliance for a Green Revolution in Africa (AGRA) is an organisation led by the former secretary-general of the United Nations, Koffi Annan, and was set up to help African smallholders out of poverty by increasing productivity using modern methods.

The capital of Ghana, Accra from 2 to 4 September will host a forum on the green revolution in Africa, an event that will assess the progress made by the programme. (macauhub)