The management and board of directors of the ADB has approved a €100 million investment into Morocco’s agricultural space to enhance and promote a community-driven as well as inclusive engagement in the agricultural sector for women and youth entrepreneurs in Morocco.
This initiative seeks to create sustainable economic opportunities, improve food security and enhance a lively farming sector against other odds like climate change. This initiative is also aimed at promoting entrepreneurship through financial incentives, accessed funding and technical support for particularly, marginalized populations.
The program seeks to empower women-led enterprises, agro-processing and agro-digital technologies in the agricultural sector. It will promote the development of new infrastructure for increased productivity, ensuring that women’s active participation and leadership in agriculture. This initiative aligns with Morocco’s Green Generation 2020-2030 strategy and national youth entrepreneurship program.
According to Achraf Tarsim, head of the African Development Bank in the country’s office, “women who have the ambition to undertake and succeed in agriculture are our priority. 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.”
This initiative showcases the AfDB’S dedication to fostering inclusive growth across Africa and sets an adaptable model that could be considered by policymakers and development partners to promote development in other African countries.
