Public Management

Côte d'Ivoire: African Development Bank mission assesses progress of Yamoussoukro agro-industrial project

Côte d'Ivoire: African Development Bank mission assesses progress of Yamoussoukro agro-industrial project
Sunday, 26 September 2021 11:31

The African Development Bank Vice President for Agriculture, Human and Social Development, Beth Dunford, led a mission to Cote d’Ivoire’s capital Yamoussoukro, on 16 September to assess progress on a Bank-supported agro-industrial cluster in Bélier.

The mission, that included Marie-Laure Akin Olugbade, Director General for West Africa and Bank Directors for Agriculture and Agroindustry as well as for Agricultural Finance and Rural Development, Martin Fregene and Atsuko Toda, respectively, was received by Adjoumani Kobenan, Côte d'Ivoire’s Minister for Agriculture and Rural Development. Also present were Kaba Nialé, who serves as Minister of Planning and Development and as an African Development Bank Governor for Côte d'Ivoire, as well as Augustin Thiam, political governor of Yamoussoukro District.

The African Development Bank has provided $121 million in financing to the Bélier agro-industrial cluster. This represents 80% of the project cost, the first agropole in Côte d'Ivoire. The project aims to revive the agricultural sector and help achieve food self-sufficiency in a region that has experienced 30 years of economic decline despite having great potential.

Project officials said Bélier has achieved 44% of its work plan and is projected to be complete by December 2022. Work is complete on 542 kilometers of a planned 700-kilometer track and officials to the mission that land preparation for rice cultivation and market gardening is also nearly complete. The project has already repaired 100 manual pumps and constructed 50 boreholes and 30 latrines. This hydraulic infrastructure will serve more than 180 villages with nearly 628,000 people, including an estimated 310,000 women.

The agriculture business is developing well. We are working to revitalize the promising sectors of rice, corn, cassava and vegetable cultivation, piggery, and fish farming,“ said project coordinator Valerie Acka. “The industrial zone is taking shape, with the installation of food and non-food industries that process livestock feed, cashew nuts and rice,” she added. She said 120 small and medium-sized businesses will be established in the zone.

After the government ministers and Bank delegation received a multimedia briefing on Bélier, Dunford said that the project’s successes could be replicated in other regions of Côte d'Ivoire and beyond. "The presentation on the project gave us a very good idea of what’s been happening and importantly, what still needs to get done,” Dunford said.

I am here to make sure that we work with the teams to provide you with what you need in order to move forward,” the Bank Vice President told project officials.

Bank Governor and Minister Nialé said the completed project will improve the income and living conditions of the target population. She noted that "it is important that we can learn from the difficulties encountered in this project so that we do not have to encounter them later in other such projects. This project must serve as a real model for others.

Minister Kobenan commended the African Development Bank for its commitment to supporting the rural areas. He called for diligence in dealing with the difficulties that have emerged to work more efficiently.

The delegation also visited the Subiakro agricultural development and the project’s industrial zone, including the premises of Southland Global agriculture. The company specializes in processing cashew nuts for domestic and international markets, and employs 1,300 people, more than half of them women. Southland Global has an annual processing capacity of 24,000 tons and aims to increase production to 45,000 tons.

fr cp visitebanqueprojetpaibelieyamoussoukro civ aa 1 edit francois review romaric clean final 1

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Republic of Congo raises $670M through Eurobond issue after 20-year absence Proceeds to refinance short-term debt; 2032 bond priced at...
EIB invests €20M in fund aiding EU SMEs' Africa expansion Amethis fund targets growth sectors to build EU-Africa business ties Investment...
COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance deadline extended to 2029 as most banks face...
(YMO)-YMO, the Guinean fintech with global reach, abolishes all transfer and withdrawal fees to Guinea. A historic first for the remittance sector,...
Most Read
01

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
02

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
03

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
04

Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify ...

Varun Beverages partners with Carlsberg to enter Africa’s beer market
05

Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...

Zambia’s Inflation Retreat Extends to Six Months as Policy Mix Gains Traction
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.