https://en.sputniknews.africa/20230606/this-african-nation-got-712-mln-from-african-development-bank-for-food-security-1059739155.html
This African Nation Got $7.12 Mln From African Development Bank For Food Security
This African Nation Got $7.12 Mln From African Development Bank For Food Security
Sputnik Africa
The African Development Bank's main goal is to promote social and economic advancement in its regional member nations (RMCs), which will help combat poverty... 06.06.2023, Sputnik Africa
2023-06-06T14:45+0200
2023-06-06T14:45+0200
2023-06-06T14:45+0200
north africa
south sudan
food security
african development bank (afdb)
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The African Development Bank (AfDB) gave South Sudan subsidies to the tune of $7.12 million on Monday in order to assist the nation in enhancing its food security. The first project, which addresses food and nutrition security resiliency, is worth $5.84 million, while the second grant, costing $1.28 million, will assist in training and offer seed capital to enable refugees and host communities to develop their entrepreneurial ability.According to Dier Tong Ngor, South Sudan's minister of finance and planning, the funds provided under the Africa Disaster Risk Financing Program would also assist refugees and host communities in the country's northern state of Upper Nile in starting small companies. It will allow South Sudan to try out a farmer insurance program, according to Meshack Malo, the organization's national representative there. Over 310,000 refugees presently reside in South Sudan, with more than 90,000 having fled neighboring war-torn Sudan subsequently pouring into the country since April 15, reports say. According to Themba Bhebhe, the AfDB's coordinator in South Sudan, the projects would help the government of South Sudan to reach its objective in fostering national growth.According to the World Food Programme, large portions of South Sudan have been hit by flooding, while other areas are weathering a severe drought, all due to climate change. As a result, over 7.7 million people, or two-thirds of the population, are suffering from severe hunger.
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north africa, south sudan, food security , african development bank (afdb), support
north africa, south sudan, food security , african development bank (afdb), support
This African Nation Got $7.12 Mln From African Development Bank For Food Security
The African Development Bank's main goal is to promote social and economic advancement in its regional member nations (RMCs), which will help combat poverty. The bank accomplishes this goal by offering technical help and policy guidance to support development activities, as well as organizing and distributing resources for investment in RMCs.
The African Development Bank (AfDB) gave South Sudan subsidies to the tune of $7.12 million on Monday in order to assist the nation in enhancing its food security.
The first project, which addresses food and nutrition security resiliency, is worth $5.84 million, while the second grant, costing $1.28 million, will assist in training and offer seed capital to enable refugees and host communities to develop their entrepreneurial ability.
According to Dier Tong Ngor, South Sudan's minister of finance and planning, the funds provided under the Africa Disaster Risk Financing Program would also assist refugees and host communities in the country's northern state of Upper Nile in starting small companies.
It will allow South Sudan to try out a farmer insurance program, according to Meshack Malo, the organization's national representative there.
Over 310,000 refugees presently reside in South Sudan, with more than 90,000 having fled neighboring war-torn
Sudan subsequently pouring into the country since April 15, reports say.
According to Themba Bhebhe, the AfDB's coordinator in South Sudan, the projects would help the government of South Sudan to reach its objective in fostering national growth.
"These investments will result in enhanced production of climate services for agriculture, livestock, climate insurance and early warning, and enhanced sustainable protection against climate shocks in South Sudan," the manager stated.
According to the World Food Programme, large portions of South Sudan have been hit by flooding, while other areas are weathering a severe drought, all due to climate change. As a result, over 7.7 million people, or two-thirds of the population, are suffering from
severe hunger.
