• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, June 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Transformative $3bn Investment for Africa’s Agriculture through New Alliance

November 11, 2023
Stephen M.Cby Stephen M.C
in Africa
0
Transformative $3bn Investment for Africa’s Agriculture through New Alliance

The African Development Bank Group, Afreximbank, Arise Integrated Industrial Platforms, the Islamic Development Bank Group, and the United Nations Industrial Development Organisation have launched a new alliance to support agro-industrial development in Africa. The founding members have committed $3 billion to support the initiative.

During the launch session, founding members discussed how the SAPZ model could impact Africa’s agro-industrialisation process.

The Alliance for Special Agro-Industrial Processing Zones (SAPZ), is made up of development financial institutions, private sector partners, and development-oriented technical partners,and will streamline the development and delivery of SAPZ projects.

RelatedPosts

Sudan Opposition Seeks African Backing For Ceasefire

ECOWAS Council Charts Path Toward Regional Resilience

Rwandan Opposition Leader Detained Over New Charges

It aims to transform Africa’s rural areas into agro-industrial hubs of prosperity by providing much-needed financing and support for the development of agro-industrial processing zones across the continent.

Financial commitments include $1.1 billion from the African Development Bank Group, $1 billion from Afreximbank, $300 million from the Islamic Development Bank Group, and $600 million from Arise IIP and its partners.

The United Nations Industrial Development Organization (UNIDO) brings to the Alliance its extensive technical assistance knowledge, practical experience, tools, and methodologies.

Special Agro-Industrial Processing Zones stimulate structural transformation in agriculture by connecting rural and urban development through the zone’s ecosystem. The zones integrate smallholder farmers into value chains through logistics and infrastructure, connecting them to agro-industrial processors and consumer markets.

Meeting the Financing Goal

According to the alliance members, meeting the financing goal will allow for the delivery of an additional 15 to 20 SAPZ projects in various countries across Africa, as well as the improvement of administrative, policy, and investment incentives.

The African ’evelopment Bank has committed more than $853 million to the development of over two dozen Special Agro-Industrial Processing Zones in 11 countries across the continent. This investment has attracted $661 million in co-financing from the bank’s partners.

Akinwumi Adesina, President of the African Development Bank Group, said that the Alliance will raise funds through various investment windows to support project preparation, development, and construction, as well as financing for tenant companies.

This, according to Adesina, will bridge the critical financing gap and complement existing initiatives to mobilize resources towards enhancing agricultural value addition in Africa.

Beth Dunford, African Development Bank’s vice president for agriculture, human and social development, commented on the beauty of the alliance in bringing together diverse players from different backgrounds, and expressed hope that more would join in the future.

Benedict Oramah, president and chairman of the board of directors of Afreximbank, welcomed the establishment of the alliance and suggested the creation of continental regulatory bodies that countries could adhere to in order to attract private sector investment. He highlighted the visibility of such projects and their importance in sustainable development.

Hani Sonbol, CEO of the International Islamic Trade Finance Corporation and acting CEO of the Islamic Corporation for the Development of the Private Sector, echoed this sentiment, stressing the need for a new approach to investment that emphasises self-sufficiency, climate change adaptation, and private sector involvement in Africa’s food sovereignty.

Gagan Gupta,Arise IIP CEO, stressed the need for infrastructure around the zones that meets the needs of the communities in which they are located, such as housing, transportation, health care, and extension services.

UNIDO’s Gunther Beger explained that the organisation has a wealth of experience in the development, planning, and implementation of industrial parks and special economic zones. He described the alliance as a groundbreaking approach to transforming Africa’s agro-food system, highlighting the importance of a partnership between financial institutions, public and private sector players.

READ ALSO: UBA, Saudi EXIM Bank Join Forces to Boost Economic Ties

Tags: AfreximbankAfrican Development Bank GroupAlliance for Special Agro-Industrial Processing Zones (SAPZ)New AllianceTransformative $3bn Investment for Africa’s Agriculture through New Alliance
Please login to join discussion
Previous Post

Minority Accuses President Akufo-Addo Of Packing Supreme Court

Next Post

Digitalization In Ghana Cannot Be Credited To DMB

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Police Intensify Anti-Galamsey Crackdown, Arrest 26 Suspects Nationwide, Police, Mining
General News

Police Intensify Anti-Galamsey Crackdown, Arrest 26 Suspects Nationwide

June 22, 2025
Hon. Haruna Iddrsu, Ghana's Minister for Education
General News

Government Earmarks GH¢40 M to Cushion Nascent Public Universities 

June 22, 2025
Starmer Backs Trump’s Strikes On Iran
UK

Starmer Backs Trump’s Strikes On Iran

June 22, 2025
NPA Boss Commends Fuel Levy Postponement After Stakeholder Engagement 
Extractives/Energy

Ghana Has Over Two Months of Fuel Reserves — NPA Boss

June 22, 2025
Mahama Hands Ambassador Role To Actress Kalsoume Sinare
Entertainment

Mahama Hands Ambassador Role To Actress Kalsoume Sinare

June 22, 2025
Ghana’s $2 Billion Food Import Bill: Agric Minister Calls for Urgent Reform
Agribusiness

Ghana’s $2 Billion Food Import Bill: Agric Minister Calls for Urgent Reform

June 22, 2025
Police Intensify Anti-Galamsey Crackdown, Arrest 26 Suspects Nationwide, Police, Mining
General News

Police Intensify Anti-Galamsey Crackdown, Arrest 26 Suspects Nationwide

by Silas Kafui AssemJune 22, 2025
Hon. Haruna Iddrsu, Ghana's Minister for Education
General News

Government Earmarks GH¢40 M to Cushion Nascent Public Universities 

by Evans Junior OwuJune 22, 2025
Starmer Backs Trump’s Strikes On Iran
UK

Starmer Backs Trump’s Strikes On Iran

by Lawrence AnkutseJune 22, 2025
NPA Boss Commends Fuel Levy Postponement After Stakeholder Engagement 
Extractives/Energy

Ghana Has Over Two Months of Fuel Reserves — NPA Boss

by Prince AgyapongJune 22, 2025
Mahama Hands Ambassador Role To Actress Kalsoume Sinare
Entertainment

Mahama Hands Ambassador Role To Actress Kalsoume Sinare

by Esther Korantemaa OffeiJune 22, 2025
Ghana’s $2 Billion Food Import Bill: Agric Minister Calls for Urgent Reform
Agribusiness

Ghana’s $2 Billion Food Import Bill: Agric Minister Calls for Urgent Reform

by Stephen M.CJune 22, 2025
Police Intensify Anti-Galamsey Crackdown, Arrest 26 Suspects Nationwide, Police, Mining
Hon. Haruna Iddrsu, Ghana's Minister for Education
Starmer Backs Trump’s Strikes On Iran
NPA Boss Commends Fuel Levy Postponement After Stakeholder Engagement 
Mahama Hands Ambassador Role To Actress Kalsoume Sinare
Ghana’s $2 Billion Food Import Bill: Agric Minister Calls for Urgent Reform
[/vc_row_inner]

Recent News

  • Police Intensify Anti-Galamsey Crackdown, Arrest 26 Suspects Nationwide
  • Government Earmarks GH¢40 M to Cushion Nascent Public Universities 
  • Starmer Backs Trump’s Strikes On Iran
  • Ghana Has Over Two Months of Fuel Reserves — NPA Boss
  • Mahama Hands Ambassador Role To Actress Kalsoume Sinare
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.