Parliament Approves $ 40 Million Agreements To Strengthen Agriculture

The Parliament of Sierra Leone has on Tuesday 24th May 2016, after a protracted debate, unanimously approved two agreements for the expansion and strengthening of the agricultural sector through commercialization.

The two agreements that were approved by Parliament were; financing agreement (smallholder commercialization and agri-business development project) between the Republic of Sierra Leone and the International Development Association, dated 14th March, 2016, credit number 5767-SL and Project agreement (smallholder commercialization and agri-business development project) between the International Development Association and Apex Bank Limited, dated 14th March, 2016, credit number 5767-SL

In presenting the two agreements for ratification, the Minister of Finance and Economic Development, Momodu Kargbo said among other things that “both are related agreements that should be regarded as phase II of the smallholders commercialization programme which aims at value chain addition”, noting that phase I successfully “created and fostered linkages between and among agri-businesses by bringing the producers and the processors together”.

publish - By Sheku L. TurayMay 25, 2016

see more at: http://news.sl/drwebsite/publish/article_200528734.shtml