https://www.miningweekly.com
Infrastructure|Paper|Projects|rail|Resources|Road|Sanitation|transport|Water|Products|Infrastructure
Infrastructure|Paper|Projects|rail|Resources|Road|Sanitation|transport|Water|Products|Infrastructure
infrastructure|paper|projects|rail|resources|road|sanitation|transport|water|products|infrastructure

AfDB approves strategy paper

COUNTRY BOOST The aim of this new Zambia Country Strategy Paper is to support Zambia’s vision of speeding up its socioeconomic transformation to improve livelihoods

COUNTRY BOOST The aim of this new Zambia Country Strategy Paper is to support Zambia’s vision of speeding up its socioeconomic transformation to improve livelihoods

17th May 2024

     

Font size: - +

Earlier last month, the board of directors of the African Development Bank (AfDB) Group approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas, including boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain.

“The aim of this new CSP is to support Zambia’s vision of speeding up its socioeconomic transformation to improve livelihoods,” says AfDB Zambia country office head Raubil Durowoju.

He adds that the first area emphasises infrastructure development with the aim of increasing productivity, strengthening commercial competitiveness, diversifying the economy and improving people’s lives.

“The second supports value addition and job creation and is targeted at women and young people,” says Durowoju.

The AfDB’s interventions will be designed to help expand the road and rail network, to make access easier and to unblock the development opportunities envisaged in other sectors of the economy.

They will also support the creation of climate-resilient infrastructure and the development of transport resources to further strengthen regional trade, especially along the regional transport and trading corridors.

Further, the AfDB’s actions in the water and sanitation sector will help to improve access to high-quality water and the use of sanitation facilities. This, according to the AfDB, should translate into an improved quality of life for the Zambian population, and a reduction in the costs of medical care for waterborne diseases.

Moreover, the AfDB Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity.

The AfDB will also work with the Zambian government and the private sector to improve the value chains of agricultural products by drawing on synergies with support for technological and digital startups in the agricultural sector.

As of February 29, 2024, the AfDB’s active portfolio in Zambia comprised 23 projects, with a total commitment of almost $1-billion.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
12th June 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.189 0.226s - 96pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: