Mozambique is the largest producer of red meat in SADC, with an annual production figure of 29 thousand tons. The Ministry of Agriculture and Rural Development says that the sector has grown 41 percent in the last five years. And, to boost livestock development in the next five years, the African Development Bank has decided to invest 33 million dollars. “The bank has decided to disburse 33 million dollars to finance PROCAVA, a recently approved project with an emphasis on chicken farming. The financing is a joint effort with the International Fund for Financing Agricultural Projects and, in this case, will be implemented by the Government of Mozambique, through the Ministry of Agriculture and Rural Development”, said Flávio Soares da Gama, AfDB representative in Mozambique. As a cooperation partner of Mozambique in several projects, the African Development Bank is ready, in addition to financing, to leverage the entire value chain of the livestock sector. “Within the scope of the financing pillar for African projects, the AfDB promotes the development of the private sector and this is the same thing we intend to do by embracing this project”, he stressed. Present at the event, the Minister of Agriculture and Rural Development, Celso Correia, said on the occasion that the fund will be used to promote public and private projects, with emphasis on the private sector.
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