AfDB approves $60m loan to support Elnefeidi Group’s agricultural expansion

The African Development has approved a $60 million loan to Sudan's Elnefeidi Group Holding Company to help finance its long-term agriculture and food expansion programme. 

The planned expansion includes increasing agricultural productivity, enhancing related infrastructure, food processing and distribution. It will directly contribute in developing Sudan’s livestock value chain - poultry and beef - by increasing the country’s export capacity for value-added livestock products. 

The loan is expected to contribute significantly to food security, food import substitution, and household incomes by creating jobs and increasing local productivity and distribution by over half a million metric tonnes each year across several countries.