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Development of an agro-industrial transformation zone: the AfDB grants 57 billion FCFA to Senegal

27/11/2023
Source : ORISHAS FINANCE
Categories: Sectors Companies

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The African Development Bank (AfDB) said in a press release that it had granted 57 billion FCFA to the Senegalese government. This amount will promote the development of an agro-industrial processing zone in the north of the country

.

The project financed by the AfDB in Senegal aims to improve the capacities of industrial processing of agro-sylvo-pastoral and fishery products and related services. According to the document published by the banking institution, the project also aims to “sustainably” increase household incomes and food security. According to the AfDB country representative in Senegal, Mohamed Chérif, “the project will promote the emergence of three agro-industrial development clusters and facilitate the networking of value chain actors

”.
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