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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The OPEC Fund boosts sustainable agriculture in Malawi with US$20m development loan

MALAWI – The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million development loan agreement with Malawi to improve the livelihoods of around 1.3 million people living in rural areas. The financing will support the ‘Transforming Agriculture through Diversification and Entrepreneurship’ program, aligning with Sustainable Development Goal 2 on food security, improved nutrition, and sustainable agriculture. The objective of the program is to strengthen value chains and improve the resilience and capacity of Malawi’s smallholder farmers and rural organizations. The program will provide better infrastructure ,including…

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Angolan Agrarian Development Support Fund to promote crop production with US$26.3m financing

ANGOLA – The Agrarian Development Support Fund (FADA) of Angola is set to inject Akz 15 billion (US $26.3million) in this year’s agricultural season to enhance crop production in the country through offering credit to family farmers. The funding will enable the farmers acquire agricultural inputs such as tractors, fertilizers, pesticides, production tools, agricultural seeds, as well as other means to guarantee the development of agriculture in better conditions, reports Angola Press. According to Carlos Fernandes, CEO of FADA, the financing will promote diversification of the economy and reduce imports of various…

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