Benin - Cashew Nuts Sector and Agricultural Entrepreneurship Development Support Project (PADEFA-ENA) (AFDB-P-BJ-A00-005)

Countries
  • Benin
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 3, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTERE DE L'AGRICULTURE DE L'ELEVAGE ET DE LA PECHE
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 9.38 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported UA 13,030,000
Converted using 2019-04-03 exchange rate.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 17, 2020


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Project Description

The present intervention concerns the Cashew Nuts Sector and Agricultural Entrepreneurship Development Support Project (PADEFA-ENA). The project will help, through a sector value chain and integration approach, to create an enabling environment for developing small- and medium-sized enterprises (SMEs) in the cashew nut sector, for the employment of youths and women, and the creation of a sustainable impact on local development. The main expected outputs include: (i) re-profiling 145 km of access roads; (ii) building and equipping 5 RCN storage warehouses each with a capacity of one thousand tonnes; (iii) rehabilitating 15,000 ha of old cashew nut plantations and supporting the creation of a modern cashew orchard of 3,000 ha for an expected improved yield of 700 kg per hectare; (iv) supporting job creation, identified in the various links of the sector, for 10,000 youths and women; (v) supporting the construction and equipment of 20 satellite RCN shelling units for the benefit mainly of women and 20 walnut and cashew apple processing units; etc. The three (03) main components of the project are: (i) resilience of cashew producers and increased carbon sequestration potential; (ii) development of value chains; as well as (iii) project coordination and management.

The sector objective of the project is to contribute to poverty reduction and improvement of food and nutritional security in Benin. The specific objective is to contribute sustainably to raise the income of stakeholders and the productivity of the cashew nut chain in Agricultural Growth Pole No. 4 (AGP 4).

The direct beneficiaries are: (i) cashew nut farmers; (ii) cashew nut traders; (iii) raw cashew nut processors; (iv) exporters; and (v) the inter-professional cashew nut sector (IFA) and its regional and divisional constituents. The project will indirectly benefit the end consumers, as well as stakeholders involved or associated with the project at various levels.

Investment Description
  • African Development Bank (AFDB)
Contact Information

MANOMI Ibro

i.manomi@afdb.org

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.