Sierra Leone: African Development Fund extends additional $12 million grant to boost drive for rice self-sufficiency | African Development Bank
Diplomat.Today
The African Development Bank
2022-12-12 00:00:00
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The African Development Fund Board of Directors has approved $12.16 million in additional grant funding for the Rice Agro-Industrial Cluster Project in Sierra Leone.
The project was first approved in November 2021. The new tranche, coming from the 2022 performance-based allocation, will fill a funding gap in the total cost of the project of nearly $37 million.
In addition to making the country self-sufficient in rice, the project improves the livelihoods of rural households by extending quality inputs, land and water management, mechanization and extension services to farmers to increase rice production. The project also improves the rice processing value chain and promotes the consumption and marketing of locally processed rice.
In July 2022, the African Development Bank approved a $1.92 million grant to boost food production in Sierra Leone under its African Emergency Food Production Facility, a response to a looming global food crisis caused by the conflict between Russia and Ukraine.
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