By Ahamefula Ogbu
The President and CEO of United States African Development Foundation (USADF), and the Governor of Kebbi State have signed a $10 million Memorandum of Understanding (MOU) to develop and expand local agricultural enterprises in the state.
The two parties entered into a five-year $10m agreement, each contributing $5 million over the five years to provide seed capital and technical assistance to local agribusinesses.
A statement from the United States Media hub said USADF, the U.S. Government’s African enterprise development agency, was uniquely positioned to leverage funds from African governments and directly invest them into community enterprises.
“USADF will provide $1 million a year in seed capital funding as well as technical assistance and oversight through their local partner, Diamond Development Initiative (DDI).
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