FINAGRO: Funding program for Mozambique’s agribusiness private sector now open

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FINAGRO: Funding program for Mozambique’s agribusiness private sector now open

8:29 CAT | 15 Feb 2016

BNI (File)

The third public grant application window for the U.S.-Mozambique government Finagro agribusiness promotion program is now open.

The Finagro program supports small and medium-sized companies, associations, cooperatives and individual entrepreneurs in the agriculture, agriprocessing, marketing and export fields.

Launched in May 2013 by the U.S. Agency for International Development (USAID) and the government of Mozambique and implemented by TechnoServe, an NGO operating in Mozambique since 1998, and with support from the Zambezi Valley Development Agency, the Finagro program has 166 million meticais of project finance available.

The Finagro program finances projects which promote partnerships between commercial, small and emerging farmers; increase access to inputs and equipment in specific areas; rectify gender imbalance and encourage female entrepreneurship; and generate new jobs or increase the value or volume of exports.

Sixty-three projects with a total value of 115 million meticais have been approved to date.

The program is directed particularly at activities in the legume, tropical fruit, oilseed and cashew nut value chains and covers the Beira, the Zambezi Valley and Nacala corridors.

Several information sessions have been organized to clarify the geographical areas covered by the program and other details The locations, dates and times of the sessions can be found on the http://www.finagro.org.mz/ web page and include sessions in the Chiuta district government conference room on February 17 at 9.00 a.m. and the Ribaué Resource Centre on February 19 at the same time.

The deadline for applications is March 3. More information and applications forms are available on the http://www.finagro.org.mz/ web page.

Source: Finagro