Ethiopia's quest to enhance wheat production and uplift the well-being of its farmers has received a significant boost through a generous grant from the African Development Bank Group (AfDB). Valued at $84.3 million, this funding aims to bolster wheat cultivation while contributing to the improvement of farmers' livelihoods. The critical agreement that paves the way for the execution of the Climate Resilient Wheat Value Chain Development Project (CREW) found its signatories in Ethiopia's Finance Minister, Ahmed Shide, and AfDB Deputy Director General for East Africa, Abdul Kamara.
•$54 million from the African Development Fund, which is the Bank Group's concessional lending window for low-income countries.
Read More:https://www.investingport.com/afdb-...rant-to-enhance-wheat-production-in-ethiopia/
Grant Composition and Funding Sources
The grant is composed of various funding sources, including:•$54 million from the African Development Fund, which is the Bank Group's concessional lending window for low-income countries.
Read More:https://www.investingport.com/afdb-...rant-to-enhance-wheat-production-in-ethiopia/