Sierra Leone News & Information

State House | Press Union | Lumley Beach | AllAfrica | SL-Web

  Giving Knowledge to the People
welcome to sierra leone's premier news source
Last Updated: Mar 17th, 2016 - 18:01:43 
Front Page 
 Breaking News
 Local News
 Photo News
 Video News
 Moiie's Column
 Afsatu Kabba
 Role Models
 Awareness Lady
 Common Man
 Special Messages
 Legal Matters

Published online by
Sylvia Blyden Dot Com

17 Garrison Street,
Sierra Leone.
Tel: +232-77-772001
Tel: +232-88-321000
Tel: +232-76-350077
Tel: +232-30-321001


Sierra Leone and World Bank Sign Agreement for New Project to Link Farmers to Agribusiness
By Moses A. Kargbo
Mar 17, 2016, 17:10
Email this article
 Printer friendly page

The Government of Sierra Leone and the World Bank have on March 14, 2016 signed a US$40 million credit agreement to support smallholder commercialization and agribusiness development in Sierra Leone. The project is co-financed by the UK’s Department for International Development (DFID) with an additional US$15 million making the total project funding of US$55 million. The project was approved by the World Bank Board of Executive Directors on February 18, 2016 and will run until May 31, 2021.

The Smallholder Commercialization and Agribusiness Development project will promote smallholder commercialization by fostering productive business linkages between smallholder farmers and selected agribusiness firms and other commodity off-takers in Sierra Leone. It will help improve agricultural productivity and access to markets, as well as develop inclusive smallholder farmer-agribusiness linkages in order to help smallholder farmers access markets and improve their incomes.

This project will help the country to recover from the effects of the Ebola Virus Disease (EVD) and to contribute towards higher medium to long-term agricultural growth required to reduce extreme levels of poverty among smallholder farmers and promote shared growth,” said Henry Kerali, World Bank Country Director for Sierra Leone.

Before the Ebola virus disease (EVD) epidemic which hit the country in May 2014, Sierra Leone had been making commendable progress since the end of the civil war in 2002. The Ebola crisis has taken a heavy economic toll on the country, with much of the economic impact still unfolding.

There is an urgent need to strengthen post-Ebola growth prospects by investing in key sectors such as agriculture, and this project will support Government’s efforts in this area” said Parminder Brar, World Bank Country Manager for Sierra Leone.

The project will also set up an agribusiness development fund to leverage private sector investment in agriculture to foster smallholder participation. It will establish a smallholder credit scheme implemented by the APEX Bank LTD, and rehabilitate feeder roads to link smallholder farmers to markets. Finally, it will provide technical advisory services and build state and non-state institutions capacity, including farmers groups that provide essential services for agribusiness development.

We believe this operation presents innovative aspects addressing the key challenges affecting smallholder productivity and growth,” says Simeon Ehui, World Bank Manager, West Africa Agriculture Global Practice.

The Smallholder Commercialization and Agribusiness Developmentproject will benefit 50,000 smallholder farmers, of which 40%will be women and youth farmers. It is consistent with Sierra Leone’s goal of achieving inclusive growth, which is one of the key pillars of the country’s longer term development strategy – the Agenda for Prosperity.

The project will be implemented in all regions of the country.

© Copyright by Awareness Times Newspaper in Freetown, Sierra Leone.

Top of Page

Latest Headlines
Sierra Leone News : Chinese Ambassador Assures Commitmentto Koroma’s Priorities
Sierra Leone News : VP Foh Launches ACTB Savings and Loans Accounts
Sierra Leone News : Charliesco Donates 85 bags of rice & Money to 58 Mosques
Sierra Leone: Why Always Port Loko? Why? Why?
$200,000 AFCOM Scandal: Why VP Foh Must Be Very Careful
Front Page Editorial Advise... Tiffy Tiffy AFCOM's $200,000 Fake VSAT Contract & Hon VP Foh
Sierra Leone: Unwrapping Yasmin Jusu Sheriff
Madam Zainab Sheriff Bangura For Lunsar Constituency
Sierra Leoneans still shamefully abusing social media to mislead public and tarnish the names of Government and country
7-storey APC/ CPC building and the hue and cry by detractors: The points being missed by the rabble-rousers
Sierra Leone Cabinet Minister Calls On Police to Investigate Conspiracy to Defraud Donor Funds
The Renaissance of Sierra Leone through the lenses of Attitudinal and Behavioural Change
Towards a modernised education system which can meet the challenges and opportunities of our future
Sierra Leone Social Welfare Deputy Calls Up Bizarre Press Conference
No articles available.
OJU Wilson - Your contribution to the Human Rights Struggle and the Rule of Law will never be forgotten
Sierra Leone Politics : Alhaji Osman Foday Yansaneh, a Muslim Steering an all-inclusive APC Secretariat
No articles available.
President Koroma Leaves for Germany
Standard Chartered Regional Head of Compliance, Africa & Middle East Visits Sierra Leone
First Lady Sia Nyama Koroma Visits Sierra Leonean Patients At Apollo Hospital In New Delhi, India
No articles available.
No articles available.
SATIRE: Question: What is this rabbit laughing hysterically about???

Copyright © 2005 - 2010, Awareness Times Sierra Leone; All Rights Reserved.
Hosted & Designed by West Africa Dot Net