World Bank approves credit to Mozambique, Malawi and Zambia

18 March 2013

The World Bank has approved a loan worth US$89.4 million to fund a programme to increase agricultural productivity in Mozambique, Malawi and Zambia, the World Bank said in a statement issued Thursday in Washington.

Under the terms of the Programme for Agricultural Productivity in Southern Africa the World Bank will also donate US$600,000 to the Centre for Coordination of Agricultural Research and Development for Southern Africa (Ccardesa), a regional organisation based in Gaborone, Botswana.

The programme is intended to increase the availability of improved agricultural technology in countries in the Southern Africa Development Community (SADC) by boosting regional cooperation in agricultural research, dissemination of agricultural technology, and training and sharing of agricultural information amongst participating countries.

Agriculture is the most important sector for the Mozambican, Malawian and Zambian economies and is the livelihood of around 277 million people in southern Africa, and therefore increasing productivity is essential to combat poverty, achieve food safety and to protect the environment.

The World Bank funds will help to set up Regional Leadership centres for important foodstuffs such as maize (Malawi), rice (Mozambique) and legumes (Zambia) and will increase agricultural research capacity, support regional cooperation in spreading technology, increase training and to boost knowledge transfer activities. (macauhub)