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UK supports Mozambique’s agriculture sector with £40mln

Thursday, 23 January 2020 13:05
UK supports Mozambique’s agriculture sector with £40mln

(Ecofin Agency) - The United Kingdom approves £40 million to support the agriculture sector in Mozambique over the next five years, the British High Commission in the country informed.

The funding will improve the involvement of the private sector in selected areas of agriculture to promote greater climate resistance, in addition to stimulating growth in this sector and the transformation of the economy of Mozambique,” the British High Commission said in a statement.

The amount is part of a total £64 million granted by the UK, during the summit held on January 20 in London, to support various projects in the country. It comes as a relief for Mozambique, which has been suffering a long drought period exposing many people to food insecurity.

Agriculture contributes about a quarter of the country’s GDP and sustains about 80% of the population.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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