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    World Bank alleviates post-cyclone crisis

    New World Bank Group Strategy for Mozambique: Greener, Resilient, and Inclusive Development

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

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    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

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    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

  • Africa
    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

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    Agrilevante to exhibit robotics for agriculture

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    EIMA International 2022, a Global Event Returns

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    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

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    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

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    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

  • Equipment
    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

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    Agricultural machinery: High demand on the world market

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    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

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  • News
    • All
    • Crops
    • Diary
    • Fresh Produce
    • Game & Wildlife
    • Livestock
    World Bank alleviates post-cyclone crisis

    New World Bank Group Strategy for Mozambique: Greener, Resilient, and Inclusive Development

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    SADC, WFP commit to strengthening early warning systems to improve food and nutrition security and end hunger

    ACCELERATION OF THE AFRICAN CONTINENTAL FREE TRADE AREA IMPLEMENTATION: Mozambique, SA sign collaborative agreement

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

  • Africa
    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    GLENCORE AFFIRMS COMMITMENT TO BIODIVERSITY PROTECTION AT ITS DRC INDUSTRIAL ASSETS IN RECOGNITION OF UN INTERNATIONAL DAY FOR BIOLOGICAL DIVERSITY

    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    Diversified urban agriculture can help cities address the twin challenges of food security and climate change-Researcher

    Diversified urban agriculture can help cities address the twin challenges of food security and climate change-Researcher

    AfDB commits $10 billion to fight food insecurity

    AfDB commits $10 billion to fight food insecurity

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s Vast Arable Land Underutilised for Cash and Food Crops

    Africa’s new agriculture pledge on the cards

    Africa’s new agriculture pledge on the cards

  • Company
    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Norway pledges to build resilience of small aquaculture farmers in East and Southern Africa

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Tropical Cyclone Ana: WFP ready to provide food and logistics support for rescue and relief operations

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    Mozambique authorities seek to combat biodiversity devastation by clamping on illicit fishing

    World Bank, UN launch programme to help Mozambique improve forestry management

    World Bank, UN launch programme to help Mozambique improve forestry management

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Basis of the Nampula economy calls for a re-orientation of efforts towards the most profitable cash crops, Says Nyusi

    Sporadic rains worry Zambezi farmers

    UN announces US$1.2mln animal health programme for Mozambique

  • International
    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Australia’s Leading Global Producer of blueberries to Participate at Macfrut 2023

    Macfrut 2023,Turkey to participate in International Blueberry Days

    Macfrut 2023,Turkey to participate in International Blueberry Days

    First Special Agriculture Industrial Zone launched in Mozambique

    EIMA 2022: Unlocking the growth potential of Africa’s Agribusiness

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    Italian industry Growing Turnover despite the Economic Situation

    Italian industry Growing Turnover despite the Economic Situation

    EIMA International 2022, a Global Event Returns

    EIMA International 2022, a Global Event Returns

  • Markets
    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    Zoetis Holds First A.L.P.H.A. Plus Initiative Meeting in Kenya

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    It is through collective efforts and pursuit of mutual agreements and regional approaches and strategies that SADC can fully address national and intercountry investments on agriculture

    Africa’s local ownership drive must balance foreign investment

    President Nyusi reminds investors of the agricultural opportunities available in Mocuba District

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Russia-Ukraine war poses upsides risks on African agriculture: Economist

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Mozambique Fisheries on high vigilance following outbreak of fish disease in Malawi

    Govt’s initiative to boost cotton and cashew income

    Govt’s initiative to boost cotton and cashew income

  • Equipment
    Agrilevante to exhibit robotics for agriculture

    Agrilevante to exhibit robotics for agriculture

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    IMPROVING WATER QUALITY TO ENSURE SUCCESS OF BROILER BUSINESS

    AWARD targets to improve African smallholders’ livelihoods

    AWARD targets to improve African smallholders’ livelihoods

    Agricultural machinery: High demand on the world market

    Agricultural machinery: High demand on the world market

    African women playing a critical role in local economic development

    Lusophone countries benefit from Africa Investment Forum

    President Nyusi excited about the prospects the new vegetable oil factory brings

    President Nyusi excited about the prospects the new vegetable oil factory brings

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New rural finance project helps boost rural sector in Mozambique

Ian by Ian
July 26, 2019
in Business, Editor picks, Equipment, News
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Novo projecto de finanças rurais ajuda a impulsionar o sector rural em Moçambique
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A new Rural Enterprise Financing Project (REFP) will cover more than 287,700 beneficiaries from 10 provinces involved in agriculture, fisheries and small and medium-sized enterprises in rural areas. This initiative, which aims to improve access to national and regional markets, was launched on July 15 in Maputo, capital of Mozambique.

The project, funded by the International Fund for Agricultural Development (IFAD) and the Mozambican government, was launched at a workshop that marked the beginning of its activities, involving project team members, government officials and IFAD officials, including Adriano Ubisse , National Treasury Director, and Robson Mutandi, IFAD Director for Mozambique.

Despite the opportunities created by the increasing demand for food, the rural population is often confronted with a lack of resources, services and access to markets. In addition, the main constraint is credit and banking services.

“IFAD is a historic and strategic partner of the Government of Mozambique, with interventions in agriculture, fisheries, rural finance and rural development,” Ubisse said. “REFP is a new intervention with an innovative implementation approach that will add value to all IFAD-supported projects in the country.”

The total budget for the project is US $ 72.5 million, including an IFAD grant of US $ 62.1 million. The project will be co-financed by the Mozambican Government ($ 4.3 million), the beneficiaries themselves ($ 1.1 million) and the private sector ($ 5 million).

In Mozambique, lack of access to financial services and technical resources is becoming an increasingly critical constraint for small farmers seeking to expand and intensify their activities. The REFP aims to increase the availability and use of adequate, affordable and innovative financial and technical support services, but also to help raise very poor rural populations to a bankable level, thereby improving education and financial capacity.

“The target group for this new IFAD-supported project is the poorest and most disadvantaged population and aims to ensure that rural financial services reach poor communities and financially excluded groups,” Mutandi said. “We are here to stay and work with the Government of Mozambique on the strategy of financial inclusion, without leaving anyone behind.”

Digital financial services for agricultural and rural finance products will be developed, while training will be provided to rural agricultural and non-agricultural entrepreneurs and support to institutions working with the rural population.

Since 1983, IFAD has funded 15 rural development programs and projects in Mozambique, with a total cost of US $ 664.3 million, with IFAD investment of US $ 428.0 million. These projects directly benefited more than 2 million rural families.

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