22.3 MLN USD GRANT FROM AFDB TO MOZAMBIQUE TO BE USED FOR TWO PRIORITY PROJECTS

MAPUTO– The Mozambican government and the African Development Bank (AFDB) have signed a grant agreement under which the Bank will donate 22.3 million US dollars two projects which the government regards as priorities.

The agreements, signed here Monday by Economy and Finance Minister Adriano Maleiane, and by the AfDB resident representative, Pietro Toigo, cover the emergency rehabilitation of the Massingir Dam, in the southern province of Gaza, and a project on the agricultural value chain and youth empowerment.

The Massingir Dam, on the Elephants River, the main tributary of the Limpopo, has long suffered serious structural problems, particularly with its bottom dischargers, so that it has never fulfilled the expected irrigation potential.

media reports here quoted Maleiane as saying that the AfDB funding will allow the dam to function at its maximum capacity, allowing an increase in agricultural production and productivity in the Limpopo Valley.

Once working properly, the dam will also play a key role in flood control for the Limpopo basin. Maleiane believes that improving the management of water resources will reduce the impact of climate change on the lower Limpopo.

Most of the grant (15.4 million USD) will be spent on the Agricultural Value Chain and Youth Empowerment project. Maleiane said this will help implement the government’s vision of making agri-businesses more competitive and inclusive.

It will be implemented in the Moamba and Namaacha districts of Maputo province, and on Chokwe and Chonguene districts in Gaza Province and well strengthen the value chains for the production of vegetables and red meat.

With this initiative, we are sure that we will contribute to stimulating agricultural and livestock production, and in creating an environment conducive to improved functioning of the market, and an increase in income from agricultural activities,” said Maleiane. This will boost economic activity in rural areas, with job opportunities for women and for young people.”

Source: NAM NEWS NETWORK