The financing will improve agricultural productivity and resilience to climate change, strengthen agricultural value chains, and enhance access to markets and financial services for farmers, among others. Madagascar’s agricultural sector is particularly vulnerable, as it relies heavily on rain-fed crops.
The financing from the World Bank and the AFD will help the country to implement climate-smart agriculture practices, such as using drought-resistant crops and planting trees to protect soil and water resources. This will help to boost agricultural productivity and resilience to climate change, and it will also help to improve food security and livelihoods in Madagascar.
The financing is part of the World Bank’s $1.2 billion Country Partnership Strategy for Madagascar, which aims to support the country’s development goals in agriculture, energy, health, education, and governance.
Canadian pre-seed venture fund Panache Ventures has joined forces with Kora, a pan-African fintech company.
Thirty African Heads of State and Government have endorsed the Dar es Salaam Energy Declaration, a landmark commitment to increasing access to reliable, affordable, and sustainable electricity across the continent.
French digital library YouScribe, owned by telecom giant Orange, has launched its services in Ghana, marking its second foray into an English-speaking African market.
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