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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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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