USAID, firm sign $13m pact to boost shea mar­ket

Daily Trust - - BUSINESS - By Ab­dul­la­teef Salau

The United States Agency for In­ter­na­tional Devel­op­ment (USAID) and the Global Shea Al­liance has signed a $13 mil­lion five-year agree­ment to pro­mote shea mar­kets and im­prove sus­tain­able pro­duc­tion in Africa.

Un­der the al­liance, at least 40 ware­houses would be con­structed in Nige­ria and 40 women’s groups formed and trained to man­age the ware­houses for shea col­lec­tion and pro­cess­ing, said a state­ment by USAID.

“The part­ner­ship will match up to $6.5 mil­lion in USAID funds with $6.5 mil­lion in pri­vate sec­tor fund­ing raised by the Global Shea Al­liance to im­ple­ment pro­mo­tional and sus­tain­abil­ity ac­tiv­i­ties in Benin, Burk­ina Faso, Cote d’Ivoire, Ghana, Mali, and Nige­ria,” it added.

The al­liance would also pro­vide ca­pac­ity build­ing and train­ing for 137,500 women shea col­lec­tors and pro­ces­sors, im­prove the fi­nan­cial ben­e­fits of women by 50 per cent.

The goal of the part­ner­ship, ac­cord­ing to Moumouni Konate, pres­i­dent of Global Shea Al­liance, was to help women or­gan­ise into co­op­er­a­tives, ob­tain equip­ment and train­ing and im­prove the fi­nan­cial ben­e­fits.

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