ADB approves 27.8 million dollars for Cabo Delgado reconstruction

Maputo, 9 Mar (AIM) – The African Development Bank (ADB) has approved 27.8 million US dollars to fund the reconstruction of infrastructures destroyed by Islamist terrorists in the northern Mozambican province of Cao Delgado, as part of a project named “Strengthening Resilience and Promoting Stability in the North”.

The project, which was launched on Friday in Maputo by the Integrated Development Agency of the Northern Region (ADIN), is also aimed at supporting sustainable development and creating economic opportunities for populations most affected by socio-economic challenges and insecurity

The project – which aims to directly create 24,000 jobs, with 60 percent of the opportunities destined for young people between 18 and 35 years old – will be carried out by ADIN, in partnership with the United Nations Development Programme (UNDP). It is expected that over 100,000 people will benefit from the initiative.

According to the Minister of Planning and Development, Salim Valá, speaking during the project launch, the programme will promote innovation, entrepreneurship, and business development in local economies.

“We hope to be able to look at this project and affirm that, through this partnership between the government, ADIN, AfDB, and UNDP, we have managed to generate new economic opportunities, strengthen local entrepreneurship, and contribute to consolidating the foundations for peace, trust, and shared development”, he said.

For his part, the Cabo Delgado Provincial Governor, Valige Tauabo, said that the initiative unequivocally contributes to addressing the great pressures faced by the population, particularly the young people as they face scarcity of economic opportunities.

“Young people need simplified access to financial resources to fund their businesses, technical and vocational training, and the possibility of linking businesses to the value chain of major ongoing projects in the province”, he said.
(AIM)
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