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Browsing: The African Development Bank
- AfDB grant aims to enhance Burundi’s productivity by four to five times and bolster agro-processing for increased domestic and export food availability.
- It also promises significant economic diversification, creating jobs, improving food security and nutrition, and strengthening regional trade.
- This investment can help safeguard the livelihoods of countless farmers against the increasing unpredictability of weather patterns due to climate change.
The African Development Bank (AfDB) has announced $80 million grant to bolster Burundi’s agricultural sector and transform the nation’s agricultural industry.
AfDB’s Director General for East Africa, Nnenna Nwabufo, revealed this financial pledge after meeting with Burundian Prime Minister Gervais Ndirakobuca in Bujumbura. This funding is poised to multiply the sector’s productivity by four to five times, with a keen focus on enhancing agro-processing capabilities to not only increase the availability of food within Burundi but also boost its export potential.
The collaboration between the AfDB and the Burundian government …
The African Development Bank (www.AfDB.org) hosted its first virtual business opportunities seminar (BOS) of 2021 on 6 and 7 April.
The BOS seminars offer a one-stop shop for companies, civil contractors, manufacturers, consultants, and suppliers from the Bank Group’s regional and non-regional members seeking to provide goods and services to projects or to the Bank.
Held virtually as a result of the ongoing Covid-19 pandemic, delegates were informed about the Bank’s strategy for supporting economic growth, its priority areas, rules and procedures for project and corporate procurement, and ongoing public and private sector operations.
During the sessions staff discussed the sectors that offer opportunities for partners and suppliers: climate change; infrastructure, cities and urban development; industries and trade; finance and SMEs; agriculture; health, human capital, youth, and skills development.
“The Bank’s 2021 Business Opportunities Seminar was an impressive learning experience and an open door to interact virtually with …