AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

Incofin IM, KfW, BMZ launch US$46.6m Agri-Finance Liquidity Facility targeting African farmers

Oct 30, 2020Oct 30, 2020 Editor

AFRICA – Covid-19 disrupted global food systems, testing the resilience of farmers who already receive the least value for their contributions to agri-food value chains. To this end, the leading international impact fund manager, Incofin IM has partnered with German state-owned development bank KfW and Federal Ministry of Economic Cooperation and Development (BMZ) to launch an emergency liquidity facility to finance smallholder farmers in developing countries. The Agri-Finance Liquidity Facility (ALF) with a size of EUR 40 million (US$46.6m), is a debt facility investing in sustainable agri-enterprises mainly in Africa…

Germany injects US$54m to support small-holder farmers in Congo

Mar 11, 2020Mar 11, 2020 Editor

CONGO – The German Federal Ministry for Economic Cooperation and Development (BMZ), through the German Development Bank KfW, has contributed EUR 50 million (US$54 million) to a resilience building programme to be implemented by FAO, UNICEF and the United Nations World Food Programme (WFP) in the east of the Democratic Republic of the Congo (DRC). The programme was launched on 4 March in Goma and on 6 March in Bukavu by the Governors of North and South Kivu, senior representatives of WFP, FAO and UNICEF, representatives of the respective provincial…