AWARENESS TIMES
Sierra Leone News & Information

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

www.awarenesstimes.com

  Giving Knowledge to the People
welcome to sierra leone's premier news source
Last Updated: Mar 17th, 2016 - 18:01:43 
Front Page 
 
 NEWS
 Breaking News
 Local News
 Politics
 Photo News
 Video News
 
 EDITORIALS
 
 FROM OUR TEAM
 
 COMMENTS & OPINIONS
 Moiie's Column
 
 SPECIAL REPORTS
 Afsatu Kabba
 
 FEATURES
 
 ENTERTAINMENT
 
 PROFILES
 Role Models
 Awareness Lady
 Common Man
 
 THE ECONOMY
 
 NOTICES & DOCUMENTS
 Special Messages
 Legal Matters
 Obituaries
 
 PAID SUPPLEMENTS
 
 ADVERTISEMENTS
 
 SATIRE
Search


Published online by
Sylvia Blyden Dot Com

17 Garrison Street,
Freetown,
Sierra Leone.
Tel: +232-77-772001
Tel: +232-88-321000
Tel: +232-76-350077
Tel: +232-30-321001
Email:
editor@news.sl
Website:
www.awarenesstimes.com

NEWS  

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
NEWS
SLPP Factions in Disarray as PAOPA AAA Fight Deepens
Sierra Leone Ebola Survivors to become Entrepreneurs
Sierra Leone News : 300 Volunteers Needed to Test ‘top secret’ Ebola Vaccine
EDITORIALS
$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
Giving Ernest Bai Koroma What He Genuinely Deserves
FROM OUR TEAM
APOLOGY FOR DELAY IN WEBSITE NEWS UPDATES
Rogue Judiciary Catalysed Civil War - Sierra Leone Citizens
Sierra Leone News: Awareness Times Newspaper is back after Holiday Break
COMMENTS & OPINIONS
She's called SMARTEST - For A Reason; She's Very Smart
For Exemplary Leadership And Commitment To The Health Of The Nation, Health And Sanitation Minister Honoured By Harvard University
DECENTRALISATION SECRETARIAT – TURNING SIERRA LEONE’S WHEELS OF DEVELOPMENT
SPECIAL REPORTS
Sierra Leone President’s Wife Denies being Infected by Ebola
Mr. Edward Babatunde Blyden Located: We Give God the Glory!
QUOTABLE QUOTE ON NEGATIVE SIERRA LEONE POLITICKING
FEATURES
Quotable Quote: Kamarainba on Dr. Sylvia Blyden
WHEN PRESIDENT KOROMA PROMISES HE DELIVERS-HEALTH MINISTER TELLS WATERLOO PEOPLE
Sierra Leone Politics: Emergency, SLPP, Sections 77(1)(k) & 77(1)(L)
ENTERTAINMENT
ALONZO : TALK ABOUT SALONE
PROFILES
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
TRIBUTE TO DR. V R WILLOUGHBY
THE ECONOMY
Sierra Leone Investment: Hon. Turay Cajoles UNESCO Investors
NOTICES & DOCUMENTS
NEWS RELEASE SCP/GAFSP COMMENCES DATA COLLECTION FOR ABCs ASSESSMENT
GOVERNMENT OF SIERRA LEONE PRESS RELEASE
Speech by His Excellency, Dr Ernest Bai Koroma, President of the Republic of Sierra Leone at the Launch of the President’s Recovery Priorities in Magburaka, Tonkolili District today June 20, 2016
PAID SUPPLEMENTS
Sierra Leone Health Ministry Hails International Insurance Company
Sierra Rutile in Advertorial on its activities
ADVERTISEMENTS
EBOLA Breaking ‘NEWS’ - Do you seek good for Kenema & Kailahun?
SATIRE
SPECIAL POEM : A Tale of 2 Women
SLPP, be Grateful to Lt. Maada Bio

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