Ethiopia and Germany signed a 25 million euros grant agreement today to support the improvement of critical rural value chains in the agricultural sector.
State Minister of Finance Semereta Sewasew and Director for Eastern Africa and African Union KfW Group KfW Development Bank, Christoph Tiskens signed the agreement.
The Project namely “Strengthening Rural Value Chains in Ethiopia” is aimed to support the improvement of critical rural value chains in the agricultural sector in East Gojjam and Arsi Zones in Amhara and Oromia Regional States, respectively.
The purpose of the project is to implement climate smart and ecologically sustainable increase of agricultural productivity and market access for high potential rainfed farming systems in the targeted project areas, according to Finance Ministry.
The project targets the improvement of the agro-ecological potential for rainfed agriculture, especially cereal and legume production: access of farmers to inputs and improved capacities of Project Executing Agency (PEA) and Project Implementing Units (PIU).
Source: Ethiopian News Agency