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