South Africa launches US$340m fund to support black farmers

SOUTH AFRICA – The government of South Africa has set up a US$340 million fund to help black farmers gain access to capital and boost their role in commercial agriculture, state-owned Industrial Development Corporation (IDC) and the government has revealed. The joint Agri-Industrial Fund is aimed at easing the funding constraints and entry barriers to commercial agriculture facing Black farmers, the IDC and the agricultural and land ministries said. “The broader agricultural sector is central to the recovery of the local economy, but most importantly, this Fund’s objectives are consistent…

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IFAD debuts investment in impact fund helping rural SMEs

GLOBAL – The International Fund for Agricultural Development (IFAD) has announced an investment of US$9 million (€8.4 million) into the Agri-Business Capital (ABC) Fund, a blended capital impact fund, in a continuation of its efforts to help small-scale farmers and micro-, small and medium size rural enterprises in developing countries create jobs and increase incomes,   The Swiss Agency for Development and Cooperation also contributed to the investment. It is the first time that IFAD, a specialized United Nations agency and international financial institution, is investing directly into a private sector…

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Agri-Business Capital Fund invests in Côte D’Ivoire’s Socak Katana Cocoa Cooperative

COTE D’IVORE – The ABC Fund, managed by Bamboo Capital Partners, in partnership with Injaro Investments, has invested in a cocoa cooperative based in Côte d’Ivoire – Socak Katana. Although ABC did not disclose the financial details of the transaction, it noted that this investment will help the cocoa farmers secure market access and revenue. Jean-Philippe de Schrevel, Founder and Managing Partner of Bamboo Capital Partners commented: “This first investment is a symbolic moment for the ABC Fund. This is the first step on our journey to transform small-scale farming…

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