{"id":266382,"date":"2016-11-08T17:30:15","date_gmt":"2016-11-08T17:30:15","guid":{"rendered":"http:\/\/citifmonline.com\/?p=266382"},"modified":"2016-11-08T17:30:15","modified_gmt":"2016-11-08T17:30:15","slug":"usaidgsa-injects-us13m-capital-into-shea-industry","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/11\/usaidgsa-injects-us13m-capital-into-shea-industry\/","title":{"rendered":"USAID\/GSA injects US$13M capital into shea industry"},"content":{"rendered":"
The United States Agency for International Development (USAID) in partnership with the Global Shea Alliance (GSA), a network of local and international actors in the shea industry, has injected a US$13 million to boost the sector.<\/p>\n
The package is meant for the implementation of a five-year project, dubbed: \u201cGSA Sustainable Shea Initiative\u201d which is expected to increase the income of shea collectors by over US$3.5 million.<\/p>\n
Benin, Burkina Faso, Cote d\u2019Ivoire, Ghana, Mali and Nigeria, are the six beneficiary countries in Africa.<\/p>\n
<\/a><\/p>\n By the project, the annual export value of shea is projected to hit US$132 million, which would be geared towards facilitating 440 thousand tons of shea products.<\/p>\n The USAID\/West Africa Regional Economic Growth Office Director, Dr. Mary Hobbs, and the GSA President, Konate Moumouni, jointly launched the project in Tamale.<\/p>\n Dr. Hobbs said under the project, the GSA will liaise with 25 private sector partners and about 250 women shea cooperatives in the beneficiary countries.<\/p>\n