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    $73.81Million Endorsed by the AfDB Board of Directors Group to subsidize the Sudan Emergency Wheat Production Project

    Posted On 15 Dec 2022
    By : New Africa Business News, Staff Correspondent
    Comments: 10

    By Abdul Rahman Bangura-

    Photo Credit: Foodista.com

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– …the AfDB’s African Emergency Food Production Facility, Sudan has got windfall from the Bank to improve wheat production.

    Reckoning for 60% of total nationwide exports and producing a third of its gross domestic product, Agriculture is the grit of the Sudan’s economy. It utilizes also half of the nation’s workforce.

    Sudan begets long hardship from severe diet insecurity as thus, considerable circumstances, which but not limited to financial deterioration and hyperinflation, conflict-induced population exile, and poor agricultural harvests. This
    crisis has exacerbated in the path of the recent transnational food and energy price strolls which similarly strike the nation harshly.

    Sorghum and millet prices have plummeted by 150-200% since 2021while wheat prices have risen virtually three-fold. This is as a result of 60-70% of wheat eaten in Sudan is imported, primarily from Russia and Ukraine. Fertilizer prices have moreover tripled, as energy, consequently fueling inflation.

    The budgets from the African Development Bank will assist to procure enormous scale and provide certified seeds of climate-adapted variations, fertilizers, and addition assistance for smallholder farmers. The project is anticipated to more-than-double wheat production from 630,000 tones presently to 1.52 million tones in two years. Few 400,000 smallholder farming households, 40% of them women, will profit from the scheme. Approximately, 800,000 irregular employees will moreover benefit from the byproducts along the wheat, seed, and fertilizer value chains. ́

    “Sudan, with the largest irrigated area in sub-Saharan Africa, has enormous potential not only to become self-sufficient in wheat, but also to become an exporter,” says Nnenna Nwabufo, African Development Bank’s Director General for East Africa.

    The project marks small-scale farmers, seasonal workers, seed producers, and agrarian traders in Sudan’s main wheat-growing regions, such as Al-Jazira, New Halfa, Upper Nile, and White Nile, that has large wetted areas and are better resilient to climate change.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
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    10 Comments

    1. Emmanuel December 15, 2022 at 7:18 am Reply

      Thank you for the news. Wheat production from 630,000 tones presently to 1.52 million tones in two years. Going to be good for our Continent. Benin City in Nigeria. Emmanuel

      • New Africa Business News, Staff Correspondent December 15, 2022 at 7:38 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Abraham December 15, 2022 at 7:24 am Reply

      Thank you for the timely reports. Journalist Bangura hope you win the journalist of the year award again. You deserve it. Abraham in Nairobi, Kenya

      • New Africa Business News, Staff Correspondent December 15, 2022 at 7:38 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Angelina December 15, 2022 at 7:27 am Reply

      South Sudan alone can feed the whole of Africa, if money invested in agriculture. Wau in South Sudan. Angelina

      • New Africa Business News, Staff Correspondent December 15, 2022 at 7:37 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Elizabeth December 15, 2022 at 7:30 am Reply

      Thank you always for your daily newsletters. Elizabeth in Cape town, South Africa

      • New Africa Business News, Staff Correspondent December 15, 2022 at 7:37 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Paul December 15, 2022 at 7:35 am Reply

      Way to go Africa’s bank. Let’s us depend on our Countries wheats. Paul in Malakal SOUTH SUDAN

      • New Africa Business News, Staff Correspondent December 15, 2022 at 7:37 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

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    • Nigeria Launches National Domestic Payments Card Program
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