(Ecofin Agency) - The Ivorian government partners with Afriland First Bank to set up a guarantee fund for the poultry industry (FGSA), the Ivorian daily news imatin reports.

The partnership agreement was signed on Feb. 15 by Kobenan Adjoumani (photo), the minister of animal and fisheries resources and Olivier Kengne, the bank’s managing director.

The fund which is intended to improve the competitiveness and professionalization of poultry farmers should provide them with up to $50 million (maximum amount) loan.

“The agreement will help finance poultry projects through the establishment of a joint and effective mechanism to monitor beneficiaries and recover the loans,” Kengue said.

Let’s note that Côte d’Ivoire’s poultry industry employs around 30,000 people and generates nearly CFA40 billion annually.

Espoir Olodo