West AfricaInvestingNews
Senegal gets US$123 million loan for emergency food production
The African Development Bank loaned Senegal US$123 million to implement an emergency agricultural program.
The funds will help 850,000 small-scale farmers grow a targeted 38 million tons of additional wheat, corn, rice, soybeans and other crops over the next two years, the Abidjan-based lender said in a statement. The loan is the first approved under the bank’s US$1.5 billion African Emergency Food Production Facility, which seeks to avert a looming food crisis exacerbated by the war in Ukraine.
