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Economic development

African Development Bank Approves US$10 Million Grant to Strengthen Rural Communities

Strategic Insights

— 1 min read

The African Development Bank has approved a US$10 million grant to boost sustainable agricultural production and strengthen resilience in rural communities in Zimbabwe, particularly in drought-prone regions. The grant is part of the bank's commitment to supporting the country's efforts to mitigate the impact of climate change and promote food security. The project aims to directly benefit 7,000 livestock farmers and 42,000 smallholder/crop farmers, with a strong emphasis on the inclusion of women and the youth.

Key Takeaways:

  • The African Development Bank has approved a US$10 million grant to support sustainable agricultural production and strengthen resilience in rural communities in Zimbabwe.
  • The project aims to directly benefit 7,000 livestock farmers and 42,000 smallholder/crop farmers, with a focus on women and youth empowerment.
  • The project will be implemented in three provinces: Matabeleland South, Masvingo, and Bulawayo, targeting areas with high livestock populations vulnerable to harsh weather patterns.
  • The project will focus on climate-smart agricultural productivity and value chain enhancement, including rehabilitating dip tanks, developing solar-powered boreholes, and supporting crop/livestock value chains.
  • The project is also designed to build rural communities' livelihoods and resilience to climate change, promoting integrated land use planning, landscape restoration, and catchment management.
  • The project is expected to create 2,000 full-time and 2,800 seasonal jobs along the crop and livestock value chains, with average monthly household income projected to increase from US$85 to US$120.

Statistics:

  • The project will directly benefit 7,000 livestock-keeping farmers and 42,000 smallholder/crop farmers.
  • 90,000 community members will indirectly benefit from improved water supply, veterinary services, and livelihood programs.
  • The project is expected to create 2,000 full-time and 2,800 seasonal jobs along the crop and livestock value chains.
  • Average monthly household income is projected to increase from US$85 to US$120.
  • The project has a strong emphasis on women (50%) and youth (20%) participation.

Sources:

  • African Development Bank
  • Zimbabwe Farmers Union
  • Seed Co Limited
  • Green Climate Fund
  • United Nations Development Programme

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