African Development Bank (AfDB) Group President Dr. Akinwumi Adesina has unveiled plans for a groundbreaking $500 million facility aimed at unlocking $10 billion in financing for smallholder farmers and agribusiness enterprises across Africa.
Speaking at the High-Level Conference on Scaling Finance for Smallholder Farmers in Nairobi, Dr. Adesina announced that the Bank’s management is consulting with its Board of Directors to establish this transformative initiative.
The facility, designed to close the financing gap for smallholder farmers, will deploy innovative financial instruments such as trade credit guarantees, first-loss coverage, blended finance mechanisms, and origination incentives.
Read more at Nairametrics
Speaking at the High-Level Conference on Scaling Finance for Smallholder Farmers in Nairobi, Dr. Adesina announced that the Bank’s management is consulting with its Board of Directors to establish this transformative initiative.
The facility, designed to close the financing gap for smallholder farmers, will deploy innovative financial instruments such as trade credit guarantees, first-loss coverage, blended finance mechanisms, and origination incentives.
Read more at Nairametrics