The African Development Bank (AfDB) has approved funding of US$22 million for two agricultural projects in Mozambique, according to a statement released on Tuesday.
The first project involves the recovery of the Massingir Dam in Gaza province with funding of US$7 million, an initiative expected to benefit some 78,000 small farmers who have crops around the facility.
The second project, which will benefit about 20,000 young farmers, is aimed at increasing the production of horticultural crops in the provinces of Maputo and Gaza, with an amount of US$15.4 million.
The statement added that the AfDB Board of Directors decided to convert the funds to be allocated to Mozambique under the African Development Fund from loans to donations.
In Angola’s case, the World Bank provided US$8 million to support the 2018/2019 agricultural campaign, which is due to start soon in the country, according to statements by Aniceto Bula, a World Bank project manager, when he visited farmers who are already being supported in Huambo province.
The US$8 million, according to Bula, is intended to support 120,000 rural families in the provinces of Huambo, Bié and Malanje, to increase production in those regions, according to the Angop news agency. (macauhub)