In Store in Kenya Flag
March 2nd, 2021
Honey Production in Guinea- Instore News
Africa News

AFDB Grants Republic of Guinea’s Honey Value Chain With US $642K

The African Development Bank has partnered with the Republic of Guinea to improve honey production, build the competitiveness of the value chain and increase farmer’s income.

Under the project, AfDB has issued a grant of C$ 846,360 (US$642K) through the African Trade Fund (AfTa), which represents 86.8% of the total cost of the initiative, with a counterpart of C$122,550 (US$93K) coming from the beneficiaries.

The funding, according to AfDB will be channelled through the Peanut, Shea and Honey Production Cooperative (COPRAKAM), which has 1,500 members in the honey sector.

The project will be carried out in three prefectures i.e Dabola, Kouroussa and Faranah and targets to strengthen the capacity of actors; improve honey production and processing techniques for better access to existing and new markets; preserve biodiversity and mitigate the effects of climate change.

“Growing demand for honey offers huge business benefits for Africa, and Guinea could integrate the global value chain by improving honey production and processing through compliance with safety and health protection standards.”

Africa Development Bank

Through technical support, the project intends to increase the number of actors involved in the sector to 2,450 members.

AfTa granted assistance of approximately US$ 343,000 to Rwanda for the establishment of the honey value chain and production growth in 2017.

The general objective of the project, which targeted 1,000 beneficiaries in the Rulindo district, was to increase the honey production capacities of the cooperatives so that they can access structured markets.