African Development Fund grants $47m to Mozambique
African Development Bank headquarters. The Board of Directors of the African Development Bank (AfDB) Group has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a special zone for processing agricultural produce in the country. PHOTO | COURTESY
The Board of Directors of the African Development Bank (AfDB) Group has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a special zone for processing agricultural produce in the country.
According to the statement, the project will build on a long list of Bank interventions in northern Mozambique to provide infrastructure and unlock the agricultural potential of the host corridor.
