FMO invests US$7.5m in the Acumen Resilient Agriculture Fund

AFRICA – Dutch development bank FMO has invested US$7.5 million in the Acumen Resilient Agriculture Fund (ARAF) to support the provision of climate resilience resolutions to smallholder farmers in East and West Africa. Impact investment firm Acumen set up Acumen Capital Partners in 2008. ACP closed the Acumen Resilient Agriculture Fund (ARAF)LP in 2019. It was established to support smallholder farmers to enhance their livelihoods and climate resilience. The project has an estimated lifespan of 12 years. The fund, which has a target size of US$56 million, will provide financing…

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