ADB will make 33 million dollars available to develop livestock sector in Mozambique

Published 2024년 7월 4일

Tridge summary

The African Development Bank (ADB) has announced a $33 million funding for the livestock sector in Mozambique over the next five years. This announcement was made during the 3rd National Livestock Forum in Maputo province. The funding aims to support the value chain of the livestock sector and boost private sector involvement. Mozambique, a key producer of red meat in the region, expects to grow its livestock production by an average of 6% in 2024, with significant increases expected in cattle, pig, goat, small ruminant, and poultry populations, and meat production.

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Original content

The African Development Bank (ADB), the largest financing entity in Africa, guaranteed this Wednesday, July 3, that it will make available 33 million dollars (2 billion meticais) to support the livestock sector in the country for the next five years. Speaking during the 3rd National Livestock Forum, which took place in the Moamba district, Maputo province, Flávio Soares da Gama, ADB representative in the country, recalled that Mozambique is one of the largest producers of red meat in the African region Austral, with an annual production figure of 29 thousand tons, having grown 41% in recent years. “The financing arises from joint work, carried out in partnership with several institutions, which are focused on developing projects in the area of agriculture and poultry farming. Along this path, we also count on the support of the Government, through the Ministry of Agriculture and Rural Development”, he maintained. According to him, the ADB is available to provide assistance ...

Source: Diarioeconomico