AfDB Commits $15m for Agro-Industry

Dec 19 , 2018


The African Development Bank and Ministry of Finance signed a 15-million-dollar grant agreement aimed at financing agro-industrial activities. The project will be implemented through the integrated Agro-Industrial Parks Support Project. The agreement was signed between Ahmed Shide, minister of Finance, and Abdul Kamara (PhD), country manager of the Bank. The grant will benefit agro-industrial parks located in the four regional states of Amhara, Oromia, SNNPR and Tigray. The project will strengthen the agro-industrial linkage with producers and small and medium enterprises with strategic industrial centres, according to Ahmed. A month ago the parties signed a 123-million-dollar grant agreement for the support of basic services in health, education, water and sanitation services.


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