Norway gives Malawi K3.2 billion

Post was last updated: November 15, 2019

The Norwegian Ministry of Foreign Affairs through the World Bank has provided $4.4 million (about K3.2 billion) to Malawi targeting farmers in 12 districts under the Malawi Second Agriculture Sector Wide Approach Support Project (ASWAp SPII).

The funding will be channeled towards implementation of climate resilience technologies, introduction of new crop varieties and improving agronomic practices.

A press release issued by the World Bank says an agreement between the three entities was signed in Lilongwe on Wednesday.

World Bank Country Manager, Greg Toulmin expressed satisfaction with ASWAp SPII implementation “The collective effort of development partners in supporting ASWAp SPII in Malawi continues to show impact and good outcomes in nutrition and women’s empowerment, leading to more inclusive economic growth and increased resilience in Agriculture” said Toulmin.

Investments under the project will include road rehabilitation to ensure access to markets, capacity building of Ministry of Agriculture personnel, and establishment of model villages as demonstration hubs for good agricultural practices which will be led and managed by the beneficiaries.

Toulmin said these areas are demonstrating a significant impact of ASWAp SPII in the agriculture sector.

Norwegian Ambassador to Malawi, Steinar Hagen, said It is important to strengthen government system including sectors related to policy, extension and research while at the same time reaching out to small-scale farmers with “concrete” support.

Hagen said: “These areas of support align fully with the Norwegian priorities.”

The second phase of the ASWAp multi donor trust fund, supported by United States Agency for International Development, European Union, the Government of Flanders, the Norwegian Government and the Government of Ireland, started in 2018 and is expected to reach more than 350,000 people by December 2021.

Let us know what you think of this update and remember to add us on our facebook and follow us on our twitter. Make sure to come back daily for more Malawi business news updates.

Quick Links: Malawi Banking News | Malawi Technology News | Download Business eBooks | Ten Signs You Are An Entrepreneur | What is a Managing Director?

Today’s top business story: Top Commercial Banks In Malawi

Source link