Agriculture Fast Track Fund to launch 12 new projects in support of agribusiness SMEs in six African countries
The African Development Bank will launch 12 new projects funded by the Agriculture Fast Track Fund (AFT) on March 27-29, 2018 to support agribusiness SMEs in Ghana and five other countries – Burkina Faso, Ethiopia, Ghana, Malawi, Mozambique and Nigeria
The Agriculture Fast Track Fund is managed by the African Development Bank to support the development of a strong pipeline of “bankable” agriculture infrastructure projects, funded by the governments of the United States, Denmark and Sweden, in support of project preparation activities to facilitate the takeoff of African small and medium-sized enterprises (SMEs).
The AFT finances the project development cost of a broad range of agriculture infrastructure spanning the entire value chain, from production to market. Target projects range from rural feeder roads to agro-processing and marketing facilities, and outgrower schemes. Emphasis are on projects that contribute to food security and support to smallholder farmers.
The projects are being implemented in 10 eligible regional member countries of the Bank – Benin, Burkina Faso, Côte d’Ivoire, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Senegal and Tanzania.