AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

Apr 21 , 2024

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said the technical support for the development of these parks is expected to facilitate the integration of the agricultural and industrial sectors, ultimately raising the performance of the manufacturing sector.