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AFDB injects $10billion to cushion COVID-19 impact on agriculture

AFDB injects $10billion to cushion COVID-19 impact on agriculture

Agriculture
The African Development Bank (AFDB), has provided about $10billion to implement strategic roadmap of projects and programmes of immediate and longer term measures to tackle nutrition and food crisis situation in the Continent. This is part of the measures to assist Nigeria and other African countries mitigate impacts of COVID-19 pandemic on the agriculture sector. The AFDB Feed Africa Response to COVID-19 (FAREC), is part of the banks comprehensive intervention to build resilience, sustainability and regional self-sufficiency in Africa’s food systems and help farmers cope with coronavirus-related disruptions to the agricultural value chain. The Bank’s Vice President for Agriculture, Human and Social Development, Dr. Jennifer Blanke, said the Bank’s response is in effort to add...