The African Development Bank (AfDB) has approved two grants worth a total of US$ 1.223 million dollars for preparation of projects in the agricultural sector in Mozambique, the bank said in a statement.
Approved as part of the Agricultural Fast Track Fund, the two grant recipients are Odebrecht and EcoFarm Moçambique, private sector entities that work in the areas of infrastructure and agriculture, respectively.
According to the statement sent to Macauhub, the purpose of the grants is to fund project preparation activities, including feasibility studies and environmental and social impact assessment.
The grant provided to Odebrecht Mozambique will be used to fund investments related to development of a value chain for chicken production, including designing an aviary, as well as processing and distribution of chicken meat in Mozambique.
This project will be carried out in the districts of Lugela and Mocuba, Zambezia province, in an area of 6,000 hectares.
For the case of Mozambique Ecofarm, the donation will fund preparation of a sugar cane production project, including an environmental recovery plan and a social impact assessment, design of an irrigation system and an electrification project for the sugar cane processing plant.
This project will be carried out in Chemba, in Mozambique’s Sofala province, in an area of 3,500 hectares. (macauhub/MZ)