African Development Bank provides $200 million to support Special Agro-Industrial Processing Zones Program
Nigeria, Dec. 4 -- The Board of Directors of the African Development Bank Group has approved $200 million for the first tranche of the Multi?Tranche Financing Facility under Phase II of Nigeria's Special Agro?Industrial Processing Zones (SAPZ) Program.The approval, made on December 1st, will enable Phase II to provide three tranches to support an additional 27 Nigerian states, while the approved first tranche will cover 10 states.The objectives of the project are to develop an inclusive agriculture value-chain by providing food processing infrastructure through 10 Agro-Industrial Hubs while mobilizing private sector investments. The project also supports youth and women by providing dedicated training and vocational programs and providing b...
To read the full article or to get the complete feed from this publication, please
Contact Us.