EIB-Backed Financing Set To Transform The Gambia's Agricultural Sector
Poultry and Dairy Production Poised for Major Expansion in The Gambia
The European Investment Bank (EIB), through its partnership with the ECOWAS Development Bank Group (EBID), is providing $10.04 million in financing to G Farms Ltd, a leading agricultural producer in The Gambia. This investment will fuel a comprehensive expansion of the company’s poultry and dairy operations, aiming to significantly boost domestic food production and create new economic opportunities.
The project targets ambitious growth metrics by 2035: increasing laying hens from 120,000 to 500,000, scaling broiler production from 651,146 to over 3.2 million birds annually, and raising day-old chick production from 3.3 million to 5.5 million units. Dairy operations will also see substantial improvements with a planned increase in the cattle herd from 110 to 2,500 animals and expanded feed production capacity to 10 tonnes per hour.
“This investment reflects our commitment to strengthening food security and supporting private sector growth across West Africa,” said Dr George Agyekum Donkor, President of EBID. “We’re confident that G Farms’ expansion will generate significant benefits for The Gambia’s economy.” Ms Zuzana Zatkova from the EIB added that the partnership demonstrates how strategic financing can unlock agricultural potential and deliver tangible improvements to local communities.
G Farms Managing Director Muhammad Sanyang hailed the financing as a “major milestone” that would enable the company to meet growing market demand for quality poultry and dairy products. The project aligns with national food security objectives and rural development initiatives, promising increased domestic production and reduced reliance on imports.
Written with the assistance of AI. Reviewed and edited by the AfricanCEO editorial team.
Source: african.business