The Transitional Government of Guinea and the African Development Bank Group (AfDB) have signed a loan agreement for approximately US$28 million to finance the implementation of the Development Support Project agropastoral, digitalization and access to markets in Guinea, reports an AfDB press release published Thursday, August 10.
The agreement was signed on August 3 in Conakry by the Bank’s country manager in Guinea, Léandre Bassolé and the Guinean Minister of Economy and Finance, Moussa Cissé, in the presence of the Minister of Planning and International Cooperation, Rose Pola Pricemou as well as the Minister of Agriculture and Livestock, Mamoudou Nagnalen Barry.
“We would like to express the full gratitude of the Guinean government to the Bank for its support to Guinea’s development efforts. We are pleased with the quality of the cooperation and are delighted with the impact that the project will have on the Guinean populations by improving food and nutritional security but also the incomes of agricultural producers and breeders”, indicated Minister Moussa. Cissé, quoted in the press release.
He also welcomed the innovation brought by the project, in particular digitalization and financial inclusion which will guarantee better access to information and secure income for producers; and urged the actors and especially the Project Management Unit to show diligence and dexterity in the implementation of the project.
For his part, Léandre Bassolé expressed “all the gratitude of the senior management of the Bank Group to the Guinean Government for the permanent support to the pan-African development financing institution”.
The Bank’s country manager also praised the frank collaboration and mutual understanding that prevailed during the project’s appraisal, before rejoicing at its impact on the living conditions of the Guinean people.
In addition, he invited decision-makers and actors in the field to make better use of the resources mobilized, in particular through an effective and efficient implementation of the project whose transformative impact is expected by the Guinean populations.
According to the Bank, the project should make a lasting contribution to the resilience of food and nutritional security, improved incomes and financial inclusion of rural populations in its area of intervention.
More specifically, she explains, the project aims, on the one hand, to encourage the promotion of the production of maize and soybeans with a view to their transformation into poultry and livestock feed and the improvement of infrastructure production, processing and marketing of the two target sectors as well as pastoral infrastructure.
On the other hand, it must contribute to strengthening the climate resilience of agro-pastoralists, empowering women and reducing vulnerabilities and inequalities between men and women in the agricultural sector.
According to the same source, the project will also bring innovation and technology transfer, stimulate the financial inclusion of actors in the agricultural sector and place particular emphasis on the digitalization of the entire value chain.
By OMA Newsletter N° 1287 of 08/11/2023
Article published under the direction of Dr. Najib Kettani
The OMA, NGO with an Intercontinental vocation
For the development of cultural exchanges
Valuing human potential
The promotion and consolidation of Africa’s development, and
Inter-African integration
