Morocco: African Development Bank approves €100 Million to empower women and youth entrepreneurs in building inclusive and sustainable agriculture
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €100 million loan to support Morocco’s inclusive solidarity-based agriculture program, focused on empowering women and young people.
The project aims to generate sustainable economic opportunities for women and youth, boost food security, and strengthen the resilience of small-scale farming against climate change. It will stimulate entrepreneurship through tailored financing and incentive mechanisms and by bolstering technical and financial support systems.
The program will also facilitate the deployment of new agricultural production and service infrastructure, helping to anchor women in local value chains, strengthen their skills, and boost their productivity. These actions will encourage the emergence of women entrepreneurs across agriculture, agro-processing and digital technologies. It will support the new roadmap for employment by promoting rural entrepreneurship.
“Women who have the ambition to undertake and succeed in agriculture are our priority,” said Achraf Tarsim, head of the African Development Bank country office in Morocco. “Through this new operation, we will support them step by step to build a modern, inclusive and resilient agriculture, capable of revealing the full potential of those who aspire to innovate and create value and employment in their territories.”
Aligned with Morocco’s priorities, the program will support the implementation of the Green Generation 2020-2030 Strategy, Morocco’s plan for transforming agriculture into a more inclusive, sustainable and efficient sector; the National Solidarity Agriculture Program, and the National Youth Entrepreneurship Program.
For more than 50 years, the African Development Bank Group has supported the Kingdom in a partnership based on a shared and integrated vision of development. Over the period, the Bank invested nearly €15 billion in more than 150 high-impact projects in strategic sectors such as transport, water, energy, agriculture, social protection, governance and finance.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Media contact:
Fahd Belbachir
Principal Communication and External Relations Officer
media@afdb.org
About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org
