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Add to Preferred SourcesThe US$ 2.3 million project financed by the Fund for Africa Private Sector Assistance (FAPA), the Transitional Support Facility (TSF) and the Japan International Finance Cooperation (JICA), aims to catalyze economic growth in pilot areas in Zimbabwe through supporting the growth of the beef and leather sub-sectors with emphasis on value addition resulting in creation of employment, income growth and poverty reduction.
In his remarks, the Charge d’Affaires, Embassy of Japan in Zimbabwe, Dabide Tsunakake who represented donors at the event said that the private sector has played an important role in Africa’s economic growth. These important roles were acknowledged at both TICAD V held in Yokohama in 2013 and TICAD VI in Nairobi in 2016, Tsunakake said, noting that the Government of Japan pledged to extend necessary assistance to the private sector in Africa through FAPA.The resolutions adopted at TICAD V and VI, especially the Nairobi declaration adopted last August in Kenya, are now coming to fruition, with the Bank deciding to implement this project to provide technical assistance to the private sector beef and leather industries in Zimbabwe, he said.
In his key note address, Zimbabwe’s the Minister of Industry and Commerce, Michael Bimha said that “the successful implementation of the project will help in increasing output and contribution of the sub-sector to the growth of the manufacturing sector.”
The Government has, in the interim, put measures to complement and accelerate the pace and depth of the project’s implementation with several initiatives aimed at increasing livestock herds being implemented to support farmers’ incomes and create new market opportunities for livestock derived products, including hides and skins.
Source: AfDB. Read full information.
23 June, 2017