Project News Details
Title:
Multinational - Technical assistance support for portfolio companies linked to the Africa food security fund
Detail:
The Africa Food Security Fund (AFSF) is a second-generation fund administered by Zebu Investment Partners (Zebu), formerly Databank Agrifund Managers. With a target fund size of USD120 million, the AFSF was established to invest in small and medium enterprises (SMEs) in the agriculture sector in Sub-Saharan Africa (SSA). The AFSF follows a similar investment approach as the AAF in that it will make investments in food production and processing at the SME agribusiness level throughout the African continent, particularly in SSA. Technical Assistance (TA) is therefore necessary to assist with mitigating some of the key risks associated with investing in the agribusiness sector in Africa and catalysing growth in and around investee companies. The goal of the project is to amplify the AFSF’s development impact, constituted by im-proved economic development and physical access to food. This will be achieved by linking private equity investments to economic opportunities for smallholder farmers (including women and youth) and micro-enterprises; promoting uptake by AFSF investee companies of inclusive business models thereby increasing beneficiary incomes and access to food. The TAF will in addition support AFSF investee companies with their growth objectives by providing them with expertise and support that drive best practice and innovation which in turn will create jobs and thus incomes, increasing overall food security. Project Main Components are : (i) Inclusive Business Technical Assistance; (ii) Ecosystem Development Technical Assistance; and (iii) Facility Management.
Source:
African Development Bank Group
Published Date:
22.06.2020
Share:
Export requests Import requests Partnership requests Service requests