Business & Economy

World Bank Approves $400m Loan For China’s Food Safety

The World Bank has granted a loan of $400 million for a food safety improvement project to aid China to reduce food safety risks.

Brandnewsday gathers that there are multiple measures built into the project to assist farms and food enterprises to improve compliance with food safety regulations and achieve food safety certification standards, World Bank said.

Good agriculture practices would be promoted, and using biodegradable plastic mulch, eco-friendly food packaging and plastics, the bank said.

Advertisement

READ: China’s Approach To Milking African Countries By Providing Aids

Efforts would go into upgrading public infrastructure for improved water quality and waste management.

World Bank Approves $400m Loan For China’s Food Safety

Risk-based preventive controls for maintaining a safe food environment from “farm to plate’’ would also be carried out under the project, it said. The project would support about 7,500 family farms, cooperatives, small and medium-sized enterprises as well as large-scale operations in the agriculture and food sector. It would also improve food safety risk management and serve to run sustainable businesses, said the bank.

Advertisement

(Xinhua/NAN).

READ: World Bank To Pump $5bn In Africa’s Drylands For 5 Years

Facebook Comments
Advertisement
Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

Recent Posts

Stanbic IBTC Pension Managers Concludes Retirement Education Drive Across 5 Cities

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has successfully concluded its 2026…

2 weeks ago

FG Launches FreeTV With Over 100 Channels Ahead Of 2028 Analogue Switch-Off

The Federal Government has unveiled FreeTV, a new free-to-air digital television platform designed to provide…

2 weeks ago

Car Dealers Deception Continues Despite FTC Warnings, Citations- CarEdge

The FTC warned car dealer groups across America about hidden fees & misleading pricing. New…

2 weeks ago

Ukiyo Launches Global Student Support Platform To Connect South Africa’s Youth To Education, Work

Johannesburg, South Africa. 17 June 2026 – Ukiyo, a South African edutech and youth development…

2 weeks ago

Polaris Bank Deepens Youth Financial Literacy Drive, Trains Students In Katsina

Lagos, Nigeria — As part of its ongoing commitment to youth empowerment, financial inclusion, and…

2 weeks ago

Kenya Layer Farmers Hit With Rising Losses As Egg Production Drops

Kenya layer farmers are experiencing lower-than-expected egg production, with industry experts attributing the decline largely to…

2 weeks ago

This website uses cookies.