https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / African News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Embed Video

Agriculture Fast Track Fund awards $1.35m to Moz projects

Agriculture Fast Track Fund awards $1.35m to Moz projects

30th May 2014

By: Leandi Kolver
Creamer Media Deputy Editor

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The Agriculture Fast Track Fund (AFT) has awarded grants valued at $1.35-million for the development of two high-value agriculture projects in Mozambique.

The projects – EcoFarm Sugar Cane Production and Odebrecht Integrated Poultry Production – were selected owing to their strong impact on local communities in Mozambique and would be receiving funding to finance their market analyses, site surveys and other preparation costs, the AFT said earlier this week. 

Advertisement

Odebrecht, which would offer chicken products, would receive $555 000 to complete its final feasibility studies and market research, while EcoFarm would receive $797 500 towards the environmental- and social-impact assessment of its development in the town of Chemba, in Sofala, Mozambique.

“The positive local impact pursued by both granted projects in Mozambique falls in line with the AFT’s mandate to boost agriculture infrastructure in Africa,” the fund said.

Advertisement

Odebrecht had already trained 2 300 Mozambicans in health, safety, environmental quality and psychology at work, and was aiming to create more than 4 000 local jobs.

EcoFarm currently worked with 1 150 farmers who owned 50% of the sugarcane estate and hoped to create 1 000 jobs, while also adding $1.2-million of disposable income to the area.

“Respectively, [Odebrecht and EcoFarm will employ] 60% and 50% of women. Both companies are committed to pay specific attention to [these women’s] professional progression within the[ir] firms,” the AFT added.

Mozambique was one of the six pilot countries, which included Côte d’Ivoire, Ghana, Burkina Faso, Tanzania and Ethiopia, chosen to trial the support of the AFT.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za