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Project Summary Note - African Agriculture Impact Investment Ltd
The project aims to leverage the AfDB’s Partial Credit Guarantee (PCG) to catalyze the deployment of international pension and asset management funds (the Pension Funds) into Africa’s agriculture sector in line with the Bank’s Feed Africa strategic priority. This will be achieved by using the PCG to back agri-linked notes (the Notes) of up to EUR 100M to be issued by a structured finance company. The proceeds of the Notes together with two other pools of assets worth about USD 75M will be pooled in a Special Purpose Vehicle (SPV) to create a capital pool for ultimate investment in a diversified portfolio of agricultural farmland assets and related agricultural infrastructure in Africa. These assets will then be put at the disposal of selected agribusiness operators seeking expansion opportunities across the continent.