The Matching Grant Facility of the Cashew Infrastructure Development Project has received 725 applications from citizens wishing to undertake investment projects and feasibility studies associated with Cashew nuts in Western Province.
Citizens Economic Empowerment Commission Public Relations Officer Michelo Mukata has revealed that recipients of the grants will help contribute to economic growth as well as help increase food and nutrition security in the country.
Mr. Mukata said the Commission is elated by the high number of applications received and assured the applicants that selection will be done on merit.
“As CEEC, our priority lies high in Value Addition, therefore significant investment will also be made towards cashew processing and marketing projects that will contribute to the steady growth of the Cashew sub-sector in the target districts of Western Province”, he said.
Mr. Mukata added that all successful applicants will receive 50 percent matching grants to undertake various businesses along the value chain.
“We want to encourage private sector participation in agro-processing of cashew, and we are confident that through these investments, Western Province will emerge and transform itself economically in line with the country’s Vision 2030”, Mr. Mukata said.
The Ministry of Agriculture with support from the African Development Bank is implementing the Cashew Infrastructure Development Project in Western Province, which is aimed at reviving the cashew subsector, and is one of the Government’s priority projects.
Financed by the African Development Bank, the Project is being implemented in 10 districts of Western Province and will create 100, 000 direct jobs by supporting 60,000 small holder farmers to develop and own cashew plantations.