Public Management

AfDB grants $75mln to improve food security in Sudan

AfDB grants $75mln to improve food security in Sudan
Wednesday, 11 March 2020 16:11

In a statement issued March 10, the African Development Bank (AfDB) announced it is giving the Sudanese government $75 million to improve food security across the country.

The operation is part of a deal signed between the pan-African body and DAL Group, Sudan’s largest food and agriculture business company. Under this agreement, DAL will provide financing for projects aiming at lowering the country’s dependency on imports and increasing its capacity to source and produce raw materials locally.

At the end of the day, Sudan is an agricultural country, and there is so much we can do. I hope this is the beginning of many projects we can do together,” said, DAL’s Chairman, Osama Daoud Abdellatif.

The financing will also support DAL Group initiatives toward creating a conducive work environment for women and promoting equal opportunities for employment, such as up-skilling and training, creating an adapted industrial working environment that accommodates the cultural needs of women, as well as family-friendly work schedules and social benefits,” according to AfDB.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The European Investment Bank and Bank of Industry signed €135 million ($156.3 million) in loans targeting healthcare manufacturing and...
Togo raises 27.5 billion CFA francs, exceeding 25 billion target Strong demand with 134.5 billion CFA francs bids, 538% coverage Total 2026...
Three African countries are negotiating over $500 million in debt-for-nature swaps Deals aim to cut debt while financing environmental...
Moniepoint acquires restaurant software platform Orda Africa Deal expands integrated services across payments, operations, analytics Targets...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
05

Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...

Hormuz Tensions Rattle Fertilizer Markets, Adding Pressure to Global Food Supply
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.