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Malawi to receive a loan to fund rural agriculture

Malawi to receive a loan to fund rural agriculture

Malawi’s Ministry of Agriculture is set to receive for the first time 10 million dollars in loan from OPEC Fund for International Development (OFID) for a rural livelihood and economic enhancement project set to benefit 24,000 rural farming households.

OPEC approves new funds to boost socio-economic development in Africa

OPEC approves new funds to boost socio-economic development in Africa

The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 138th Session, has approved over US$46 million in new loans and one grant to pursue socio-economic development in African countries.