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

Countries
  • Sierra Leone
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
Jul 17, 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
Government of Sierra Leone
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 Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.07 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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

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
  • African Development Bank (AFDB)
Contact Information

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/