The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. The more than $5 billion in financing will support agriculture, biodiversity, community development, food security, landscape restoration, job creation, resilient infrastructure, rural mobility, and access to renewable energy across 11 countries of the Sahel, Lake Chad and Horn of Africa. Many of these efforts are in line with the Great Green Wall initiative. This builds on the World Bank landscape investments in these countries over the past eight years that reached more than 19 million people and placed 1.6 million hectares under sustainable land management. “Restoring natural ecosystems in the drylands of Africa benefits both people and the planet,” said Moussa Faki Mahamat, Chairperson of the African Union Commission. Working with many partners, PROGREEN, a World Bank global fund dedicated to boosting countries’ efforts to address landscape degradation, will also invest $14.5 million in five Sahelian countries – Burkina Faso, Chad, Niger, Mali, Mauritania.
SOURCE: VENTURES AFRICA
More Stories
Lagos Rising: Meet the African Designers Who are Ushering in a New Guard of Fashion
My Life in Food: Idris Elba on African Cuisine and Cooking with his Mum
In His Imaginative Debut Feature, Walé Oyéjidé Brings Together Elements of His Life’s Work
What is Zellige Tile?
Ousmane Sembène at 100: A Tribute to Senegal’s ‘Father of African Cinema’
Inside an Ultra-exclusive Lodge on the Fringe of Etosha National Park
Tourists Flock to Nigerian Cave And Waterfall For Its ‘Healing Powers’
Morocco is Just as Worthy for a Sun Trip
African Markets Offer Unique Goods and Experiences
Get to Know East Africa’s Art Scene
Mo Ibrahim’s Index Looks at Africa’s State of Governance
France to Give Burkina Faso What It Wants