Acumen Resilient Agriculture Fund raises US$58m to invest in African agri-businesses

AFRICA – The Acumen Resilient Agriculture Fund (ARAF), an equity fund that supports African agri-businesses that assist smallholder farmers adapt to climate change, has raised US$58 million. The fund is supported by the Dutch entrepreneurial development bank (FMO), the Soros Economic Development Fund, the French development institution PROPARCO (through FISEA+, the AFD Fund advised by PROPARCO), the Children’s Investment Fund Foundation, IKEA Foundation, Global Social Impact, and other respected investors and funders. It is sponsored by Acumen and anchored by Green Climate Fund (GCF). “Smallholder farmers feed the world, but…

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