The World Bank Group have just approved US$60 million in financing to improve the competitiveness and resilience of its poultry and aquaculture value chains in Congo.
It aims at boosting local food production, creating jobs, and strengthening climate resilience in the country.
According to an official statement from the World Bank, the idea of unlocking the potential of poultry and aquaculture can help Congo create more jobs, improve food and nutrition security, and build a more diversified and resilient economy.
The poultry and aquaculture project in the Republic of Congo reportedly brings together public investment, private sector engagement, skills development, and climate-smart solutions to help local producers compete and grow.
“Unlocking the potential of poultry and aquaculture can help Congo create more jobs, improve food and nutrition security, and build a more diversified and resilient economy,” said the Division Director for the Republic of Congo (Brazzaville) Cheick F. Kanté.
“Unlocking the potential of poultry and aquaculture can help Congo create more jobs, improve food and nutrition security, and build a more diversified and resilient economy
Cheick F. Kanté – Division Director for the Republic of Congo
“This project brings together public investment, private sector engagement, skills development, and climate-smart solutions to help local producers compete and grow.”
This essentially a farming project will be focusing on strengthening the foundations of competitive poultry and aquaculture sectors.
It will be achieved by improving access to quality and affordable inputs, including feed, fingerlings, and day-old chicks; upgrading skills and technical capacity; and supporting productive, climate-resilient infrastructure in selected Protected Agricultural Zones.
The project will also support reforms to improve the policy and regulatory environment for private sector participation, as well as access to finance for farmers and private investors and the mobilization of private capital.
By strengthening local value chains, expanding access to productive assets, improving skills, and catalyzing private investment, it is being hoped that the project is expected to generate more and better jobs for farmers, entrepreneurs, processors, traders, and service providers, particularly women and young people.
