Public Management

Malawi secures $4.4 mln Norwegian agricultural financing

Malawi secures $4.4 mln Norwegian agricultural financing
Friday, 15 November 2019 17:29

Norway has just allocated 40 million Norwegian Kroners ($4.4 million) to Malawi for the second phase of the Agriculture Sector Wide Approach Support Project (ASWAp SPII). Funds will be channeled through the Multi-Donor Trust Fund (MDTF) managed by the World Bank.

This framework program aims to increase and diversify the country’s agricultural production with the promotion of climate-resilient technologies, new agricultural varieties and improved agricultural practices. It runs from 2018 to 2021 and is expected to benefit 350,000 people in 12 districts across the country.

“The collective effort of development partners in supporting ASWAp SPII in Malawi continues to show impact and good outcomes in nutrition and women empowerment, leading to more inclusive economic growth and increased resilience in Agriculture,” said Greg Toulmin, World Bank’s Country Manager for Malawi.

In Malawi, the agricultural sector provides nearly one-third of GDP according to the AfDB.

Espoir Olodo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
EU, EBRD launch €26.5 million financing facility in Côte d’Ivoire Program targets SMEs with loans, co-financing and technical support Initiative...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, interoperable real-time payments All financial...
Okoumé Capital licensed as fund manager by regional regulator Approval enables expansion across Central African financial markets Firm aims to boost...
GIMAC, Visa sign deal to modernize CEMAC payments ecosystem Partnership targets digital payments, interoperability and financial inclusion Move...
Most Read
01

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
02

Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...

Weekly Health Update | ECOWAS Launches Health Reform; Africa Expands Emergency Capacity
03

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
04

Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...

Ethio Telecom Turns to Green Power to Secure Network Expansion
05

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
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.