Saturday, August 13, 2022
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

AfDB to raise $50m to pilot Ivorian cocoa farmers’ yields 

Ehime Alex by Ehime Alex
January 29, 2021
in BUSINESS & ECONOMY
0
AfDB to raise $50m to pilot Ivorian cocoa farmers yields 
0
SHARES
59
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The African Development Bank will mobilise at least $50m by 2023 to pilot its ‘Adaptation Benefits Mechanism’ initiative and operationalise it for global use.

The initiative will climate-proof Ivorian smallholder farms’ cocoa yields, according to the bank’s statement.

READ ALSO

Air cargo performance dips as Russia-Ukraine war rages

Another look at tech-driven customer service

“The current levels of climate finance for Africa are only a fraction of what is needed to ensure a smooth transition to a sustainable, low carbon and resilient continent.

Read Also:

  • Air cargo performance dips as Russia-Ukraine war rages
    Air cargo performance dips as Russia-Ukraine war rages
  • Entrepreneurship is rugby, not tennis
    Entrepreneurship is rugby, not tennis
  • Dealing with the ATM nightmare
    Dealing with the ATM nightmare

“The African Development Bank aims to mobilise at least $50 million by 2023 to pilot the ABM and operationalise it for global use,” the statement quoted the Director for Climate Change and Green Growth at the AfDB, Anthony Nyong, to have said.

It added, “The ABM promises to be a game-changer in better engaging the private sector, non-profit organizations, and local governments to address the huge adaptation deficit.”

The bank stressed that without help, some 800,000 Ivorian smallholder farmers, who produce the largest share of the world’s cocoa supply, could suffer heavy production losses due to production and supply chain disruption.

According to the bank, a new project by it and the International Agroforestry Agency will bring relief to two Ivorian smallholder cocoa farmers’ communities in Soubre and Vavoua currently grappling with declining yields caused by climate change and worsened by the COVID-19 pandemic.

Speaking on the development, the ICRAF Director for Central and West Africa, Christophe Kouame, said, “Our experience has proven that agroforestry practices, knowledge, and skills transfer enhance the sustainability of cocoa plantations and improve the resilience of smallholder farmers’ communities, particularly of women and youth.”

The ABM initiative would be used to mobilise new finance to replicate the successful practices in other Ivorian cocoa farmer communities and in at least three other cocoa-growing countries in the region, the statement noted.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: Adaptation Benefits MechanismAfDBIvorian Cocoa farmers

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

air cargo performance dips as russian-ukraine war rages
Aviation

Air cargo performance dips as Russia-Ukraine war rages

August 8, 2022
Another look at tech-driven customer service
CONSUMER PERSPECTIVE

Another look at tech-driven customer service

July 30, 2022
Africa Prudential records N1.16bn PBT in H1
BUSINESS & ECONOMY

Africa Prudential records N1.16bn PBT in H1

July 26, 2022
Unregulated online investment schemes in Nigeria
BUSINESS & ECONOMY

Unregulated online investment schemes in Nigeria: The risks, the buffers

July 25, 2022
Stakeholders raise concern over Nigeria’s tech industry
Technology

Stakeholders raise concern over Nigeria’s tech industry

July 23, 2022
digital currencies
BUSINESS & ECONOMY

Impact of digital currencies on global economy

July 18, 2022
Next Post
Improving children's future by tackling parasitic worms

Improving children's future by tackling parasitic worms


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Entrepreneurship is rugby, not tennis

Entrepreneurship is rugby, not tennis

August 12, 2022
air cargo performance dips as russian-ukraine war rages

Air cargo performance dips as Russia-Ukraine war rages

August 8, 2022
inflation

Financial prudence amid inflation, rising transport costs

August 8, 2022
Nigerian Exchange Limited

NGX ASI, market cap go north, close at N27.358tn

August 8, 2022
Dealing with the ATM nightmare

Dealing with the ATM nightmare

August 6, 2022
African workplace

Dealing with entitled employees in African workplace

August 1, 2022
Nigerian Exchange Limited

NGX ASI, Market Cap depreciates by 3.10%

August 1, 2022

TRENDING

  • air cargo performance dips as russian-ukraine war rages

    Air cargo performance dips as Russia-Ukraine war rages

    2 shares
    Share 0 Tweet 0
  • NGX ASI, market cap go north, close at N27.358tn

    2 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
  • Dealing with the ATM nightmare

    0 shares
    Share 0 Tweet 0
  • Dissecting Nigerians’ savings culture amid socio-economic headwinds

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS