(Ecofin Agency) - The African Development bank (AfDB) announced June 6, it has approved a $42 million financing to the Sudanese agricultural sector. The amount granted as concessional loans will be used to implement the Agricultural Value Chain Development Project in the country.
Estimated at $47.5 million, this 5-year project focuses on the improvement of agricultural production and productivity, household incomes as well as food security. It is expected to commence next July-August and targets the regions of Northern Kordofan, Western Kordofan and Khartoum.
Groundnuts, sesame, potatoes and gum Arabic are the main products selected for the project. AfDB says it will directly reach about 236,457 farmers in 13 communities of Khartoum, while about two million people in South and North Kordofan will indirectly benefit from it.