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Benin: 18.6 million dollars for the development of the cashew nut industry and agricultural entrepreneurship

02/04/2021
Source : ORISHAS FINANCE
Categories: Sectors

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The work of the project to support the development of the cashew nut sector and agricultural entrepreneurship financed by the African Development Bank (AfDB) is now effective. The Minister of Agriculture, Livestock and Fisheries (MAEP) of Benin, Gaston Cossi Dossouhoui, launched the activities last March 19 in Dassa

.

Financed at 18.6 million US dollars by the ADB, the Project to Support the Development of the Cashew Tree Sector and Agricultural Entrepreneurship aims to support the installation of 3,000 hectares of new cashew orchards based on high-performance plants, to rehabilitate 10,000 hectares of old plantations through a facilitation and improvement approach by the National Agricultural Development Fund of Benin, and to produce and use plants. cashew grafts on 15 hectares of nurseries. It also aims to strengthen and modernise ten existing cashew apple juice production units and ten existing cashew nut processing units.
“This is a project that will contribute to improving the performance of the cashew nut industry to enable it to ensure, in a sustainable manner, the food and nutritional security of the population and contribute to the economic and social development of Benin,” said the Minister in charge of Agriculture.
According to the resident representative of the African Development Bank in Benin, John Andrianarisata, the launch of the project confirms the institution's commitment to support the efforts of the Beninese authorities in the implementation of the Government's Action Programme (PAG 2016-2021) -Agriculture component, in favor of sustainable and inclusive growth through a structural transformation of

the national economy.
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