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(Agence Ecofin) – The Islamic Development Bank (IDB) has allocated 170 billion FCFA for the rice sector in 10 African countries. This was revealed, in APS Sidy Mohamed Ould Taleb, director of the regional hub of the financial institution.
" The program aims to substantially increase the production, rice productivity and the development of national and regional enterprises along the value chain with strong private sector participation "he said.
The project will focus, in its phase one, on Sierra Leone, Gambia, Guinea, Niger and Senegal. The second stage of the initiative will involve Cote d'Ivoire, Benin, Mali, Burkina Faso and Sudan.
According to the 2016-2025 agricultural outlook, published jointly by OECD and FAO, sub-Saharan Africa produces less than 3% of world rice.
Nigeria, Mali, Madagascar Tanzania and Guinea are expected to be the main carriers of output growth by 2025.
Hope Olodo
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