The OPEC Fund for International Development has signed a $40 million loan to strengthen food systems and support the livelihoods of over 600,000 farmers in Sub-Saharan Africa.

Dr. Abdulhamid Alkhalifa, Director-General of the OPEC Fund, stated that this loan marks the fund’s commitment to promoting sustainable development through innovative financing.

He highlighted the importance of addressing food security, enhancing agricultural value chains, and improving the livelihoods of small farmers in the region.