Browsing: Livestock in Sudan

Livestock

African Development Bank has approved $60 million loan to support Elnefeidi Group’s agricultural expansion in Sudan’s livestock value chain.

In a statement, AfDB noted that the loan is expected to contribute significantly to food security, food import substitution, and household incomes by creating jobs and increasing local productivity and distribution

The loan to Elnefeidi Group Holding Company is expected to help finance its long-term agriculture and food expansion programme. The planned expansion includes increasing agricultural productivity, enhancing related infrastructure, food processing and distribution. It will directly contribute in developing Sudan’s livestock value chain (poultry and beef) by increasing the country’s export capacity for value-added livestock products. This will help reduce the economic value that the country loses by exporting millions of live animals each year.

“Agricultural transformation is one of the Bank’s top five strategic priorities and the Bank is delighted to have identified a viable private sector actor like …