Sierra Leone - Agribusiness and Rice Value Chain Support Project (SLARiS) (AFDB-P-SL-AA0-019)

Countries
  • Sierra Leone
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 17, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Sierra Leone
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 11.07 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Sep 11, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank documents, the Sierra Leone Agribusiness and Rice Value Chain Support Project (SLARiS) is designed to stimulate a viable upstream agribusiness sector in Sierra Leone. This aims to promote economic diversification, food security, sustainable employment opportunities and improved livelihoods. The project will primarily focus on the rice value chain which is the staple food in Sierra - Leone. It will also support the emergence of maize and livestock as secondary value chains which have the strong potential of meeting domestic food demands, import substitution, improving nutrition and farmers' income. The SLARiS project which will be executed in the identified high potential agro-ecological zones in the country (specifically Kambia, Kenema and Moyamba) will be implemented over a period of five (5) years (2019 -2024). It comprises three (3) components namely: a) Support to Enhancement of Agricultural Input Production & Distribution Systems; b) Support to Agribusiness Development; and c) Institutional capacity development and Project Management.

The overall goal of the project is to stimulate a viable upstream agribusiness sector in Sierra Leone in order to promote economic diversification, food security, sustainable employment opportunities and improved livelihoods. The specific project objective is to transform the agricultural input supply sub-sector as a viable and inclusive business opportunity, in order to promote enhanced production and productivity required to improve the livelihoods of beneficiaries along priority value chains (rice and maize).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

TUCKER Christian Aboidun Darlar
c.tucker@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/ 

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