Finance

Sudan: African Development Bank Group commits nearly $74 million to boost wheat production

Sudan: African Development Bank Group commits nearly $74 million to boost wheat production
Tuesday, 13 December 2022 16:06

The Board of Directors of the African Development Bank Group on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank’s African Emergency Food Production Facility.

Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product. It employs more than half of the country’s workforce.

Sudan, the third largest country by land area, has long suffered from extreme food insecurity due to multiple factors, including economic decline and hyperinflation, conflict-induced population displacement, and poor agricultural harvests.

This situation has worsened in the wake of the current global food and energy price hikes which also hit the country severely. Sorghum and millet prices have jumped by 150-200% since 2021while wheat prices have soared almost three-fold. This is because 60-70% of wheat consumed in Sudan is imported, mainly from Russia and Ukraine. Fertilizer prices have also tripled, as has energy, thus fuelling inflation.

The funds from the African Development Bank will help procure at large scale and deliver certified seeds of climate-adapted varieties, fertilizers, and extension services for smallholder farmers. The project is expected to more-than-double wheat́ production from 630,000 tonnes currently to 1.52 million tonnes in two years. Some 400,000 smallholder farming households, 40% of them women, will benefit from the scheme. Nearly 800,000 casual workers will also benefit from the spin-offs along the wheat́, seed, and fertilizer value chains.

“Sudan, with the largest irrigated area in sub-Saharan Africa, has enormous potential not only to become self-sufficient in wheat, but also to become an exporter," says Nnenna Nwabufo, African Development Bank's Director General for East Africa.

The project targets small-scale farmers, seasonal workers, seed producers, and agricultural traders in Sudan's main wheat-growing regions, such as Al-Jazira, New Halfa, Upper Nile, and White Nile, which have large irrigated areas and are more resilient to climate change.

The World Food Programme in Sudan will implement the project.

"The Sudan Emergency Wheat Production Project (SEWPP) will benefit from the spillovers and lessons learned from previous projects the Bank has financed in the country," said Mary Monyau, the African Development Bank's Country Manager in Sudan. Notable among the successful projects is the Technologies for African Agricultural Transformation (TAAT) Wheat initiative (2018-2021), which has revamped the Sudanese wheat́ sector and increased yields from 1.5 to 2.3 tonnes/hectare and production from less than 350,000 tonnes to 1.1 million tonnes in just five years (from 2014 to 2019).

The Bank launched the $1.5 billion African Emergency Food Facility in May 2022 to help African countries avert an imminent food crisis due to the disruption of food supplies resulting from the war in Ukraine.

The Bank currently has 19 operations in Sudan, with a total commitment of $486.2 million. The agriculture sector is the largest beneficiary, with $272.3 million in investments (56% of the portfolio).

4192 banque

On the same topic
The $11.5 million deal aims to boost Chad’s imports and food security. It brings Proparco’s total guarantees to Ecobank to €125 million...
Samb’a Assurances Gabon, the first microinsurance company in Central Africa licensed by the Inter-African Conference on Insurance Markets (CIMA), plans to...
The payment covers obligations to major lenders including AfDB, AFD, and IMF. The move helps restore credibility after recent arrears to the World...
Republic of Congo raises $670M through Eurobond issue after 20-year absence Proceeds to refinance short-term debt; 2032 bond priced at...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...

Tunisia to Build First Fully Digital Hospital in National Health Overhaul
03

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
04

Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...

Lukoil Agrees to Sell International Assets, African Included, to Swiss Commodities Trader Gunvor
05

With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...

With Costs High, IRENA Urges Global Pact to Quadruple Sustainable Fuel Production
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.