Agriculture Fast Track (AFT) Fund

29-Apr-2019

Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness SMEs in Ghana and seven other African countries

Who:   The African Development Bank What:   Launch of 17 new grant projects funded by the Agriculture Fast Track Fund (AFT) Date:   Wednesday, 17 April 2019, from 9:00 – 11:00am Venue:  African Development Bank, Ghana Country Office, Ridge, Accra. The African Development Bank will launch 17 new grant projects funded by the Agriculture Fast Track Fund (AFT)in support of agribusiness Small- and Medium-sized Enterprise (SMEs) in eight African countries – Ghana (4), Tanzania (4), Burkina Faso (2), Malawi (2), Mozambique (2), Ethiopia (...
24-Apr-2019

African Development Bank, partners support smallholder farmers with 17 new project grants

The Agriculture Fast Track Fund (AFT), hosted by the African Development Bank, has announced Us$ 3,390,000 funding for 17 new small and medium enterprises in the agriculture sector as part of its transformative support for food security, income enhancement, job creation, and improving the livelihoods of smallholder farmers in Africa. The funding, provided by the African Development Bank and partners, was announced in Accra, Ghana, on Wednesday in support of small- and medium-sized enterprises (SMEs) in the agribusiness sector in eight African countries – Ghana (4), Tanzania (4), Burkina...
07-May-2018

Accelerating Agri-Business Development in Ethiopia with the Agriculture Fast Track Fund

The African Development Bank has signed two grant agreements to finance agri-business development projects through the Agriculture Fast Track Fund. Funded by the United States, Denmark, and Sweden, the Agriculture Fast Track Fund supports Africa-based agri-business SMEs by financing the development costs of agriculture infrastructure projects that span the value chain from rural feeder roads to agro-processing and marketing facilities, to out-grower schemes. Running the gamut from production to marketing, these projects contribute to food security, provide support to smallholder farmers,...
04-Mar-2016

Agriculture Fast Track Fund makes a call for concept notes for project grants

The Agriculture Fast Track Fund (AFT), a multi-donor fund contributed by United States Agency for International Development (USAID), Danish International Development Agency (DANIDA), and Swedish International Development Agency (SIDA), and hosted and managed by the African Development Bank, has announced an Ongoing Call for Concept Notes for Project Grants. The period for the Call is from March 1-15, 2016. For more details, including eligibility and the application processes, kindly visit the AFT website: www.aftfund.org.
29-May-2014

Agriculture Fast Track Fund awards four new grants in Mozambique and Tanzania

The AfDB’s Agriculture Fast Track Fund (AFT) has awarded four new grants amounting to almost US$2,000,000 to high value agriculture infrastructure projects in Mozambique and Tanzania. EcoFarm sugar cane production and Odebrecht Integrated Poultry Project have been selected in Mozambique, while Tanga Fresh UHT milk production and Kijani Agro high quality fresh fruits and vegetables in Tanzania will receive funding. Odebrecth (Mozambique) plans to provide chicken products that add value to local raw material with the $555,000 it will receive from AFT,...
29-May-2014

Agriculture Fast Track Fund awards two new grants with positive impact on local economy in Mozambique

The AfDB’s Agriculture Fast Track Fund (AFT) has awarded two grants worth almost US$1.5 million to high value agriculture infrastructure projects in Mozambique. EcoFarm Sugar Cane Production and Odebrecht Integrated Poultry Production projects have been selected for their strong impact on local communities in Mozambique. They will be receiving funding to finance their market analyses, site surveys and other preparation costs. The AFT has granted two new agribusiness operators in Mozambique with funding for project development. The first project, Odebrecht...
29-May-2014

Agriculture Fast Track Fund awards two new grants with positive impact on local economy in Tanzania

The Agriculture Fast Track Fund (AFT) has awarded two grants worth almost US$650,000 to high value agriculture infrastructure projects in Tanzania. Tanga Fresh UHT Milk Factory and Kijani Agro Integrated Horticulture projects have been selected for their strong impact on local communities in Tanzania. They will be receiving funding to finance their market analyses, produce site surveys and other costs. The AFT has granted two new agribusiness operators in Tanzania with funding for project development. The first project, Tanga Fresh UHT Milk Factory, will receive US...
02-Dec-2013

La BAD appuie une entreprise ivoirienne pour son initiative en faveur de la sécurité alimentaire

La Banque africaine de développement (BAD) et la Fédération Nationale des Coopératives de Vivriers de Côte d’Ivoire (FENACOVICI) ont procédé le 29 Novembre 2013, à Abidjan, à la signature du premier accord de don du Fonds pour l’Accélération du Développement agricole, en faveur d’une entreprise ivoirienne. La cérémonie s’est déroulée en présence de Nono Matondo-Fundani, directeur du Retour de la BAD à Abidjan, de Terence McCulley, ambassadeur des Etats-Unis en Côte d’Ivoire et de Irié Lou Colette,  présidente du conseil d’administration de la FENACOVICI, cosignataire de l’accord. L’...
07-Nov-2013

Agriculture Fast Track Fund Now Accepting Grant Applications from African Agri-Business Operators

The Agriculture Fast Track Fund, a new multi-donor trust fund, managed by the African Development Bank (AfDB), designed to boost investment in Africa’s agricultural sector, is now accepting applications for new grants. Launching the call for proposals, the AfDB’s Agriculture and Agro-Industry department manager, Josephine Mwangi, said: “If you are in the agriculture business and qualify, then we want to hear from you!” The AFT provides grant funds up to USD 1.5 million for project development costs such as feasibility studies, market research, financial modeling, business plan...
23-Oct-2013

AfDB Transforming Africa’s Agriculture for inclusive growth and food security

The African Development Bank (AfDB) has come with concrete proposals aimed at helping Africa address the key challenges that are hampering its agricultural sector and food security in the continent. Agriculture is Africa’s backbone, and it holds great promise for future growth and job creation. It employs 65–70% of the African workforce and accounts for roughly a third of the continent’s GDP. Women make up more than half of Africa’s farmers and produce up to 90% of the continent’s food. Promoting agricultural production and food security is therefore one of the most effective ways to drive...
22-Oct-2013

Two Businesses from Côte d’Ivoire and Tanzania Win Grants from the Agriculture Fast Track Fund

ôTwo new applicants have been awarded grants under the Agriculture Fast Track Fund,” the African Development Bank (AfDB) announced on 18 October 2013.  This coincides with the celebration of the 2013 World Food Day. According to Chiji Ojukwu, Director, Agriculture and Agro-Industry, “these awards are a demonstration of the extent to which African countries and their development partners are willing to go to propel the African agriculture transformation through enhanced development of agribusinesses in a manner that is more consistent with how business and investors really work.”...
02-Sep-2013

Denmark Contributes US $1.8 Million to Africa Agriculture Fast Track Fund

The Government of Denmark has announced a contribution DKK 10 million (approximately US $1.8 million) to the Agriculture Fast Track Fund to Spur Investment in the development of African agriculture infrastructure. The announcement was made on Wednesday, August 28, 2013 in Copenhagen by Denmark’s Development Cooperation Minister, Christian Friis Bach, during the visit to the country by the President of the African Development Bank Group, Donald Kaberuka. The Agriculture Fast Track Fund (AFT) is a US $26.8-million first-of-its-kind fund set up to spur greater private investment in...
02-Sep-2013

AfDB President Kaberuka Visits Nordic Countries, Garners Support for AfDB Funding Activities

The President of the African Development Bank (AfDB) Group, Donald Kaberuka, this week made an official visit to the Nordic member countries of the Bank Group to discuss the institution’s Strategy 2013-2022, its transformation agenda and the impeding return of the Bank to its headquarters in Abidjan, Côte d’Ivoire, among other issues. On the occasion, President Kaberuka discussed the forthcoming 13th replenishment of the African Development Fund (ADF), the concessionary loan window of the Group financed by its Non-Regional Member Countries that includes the Nordic countries – Denmark,...
19-Jun-2013

Agriculture Fast Track Fund

30-May-2013

AfDB, USAID, and Government of Sweden Launch Agriculture Fast Track Fund to Spur Investment in African Agricultural Infrastructure

Thursday 9 May 2013 - Donald Kaberuka, the President of the African Development Bank (AfDB); Rajiv Shah, the Administrator of the U.S. Agency for International Development (USAID), and Gunilla Carlsson, the Swedish Minister for International Development Cooperation, have announced the creation of an Agriculture Fast Track Fund for Africa. The three announced the creation of the US$ 23 million fund, designed to stimulate greater private investment in agricultural infrastructure in Sub-Saharan Africa, at the Grow Africa Investment Forum in Cape Town on Thursday. The fund will serve...
09-May-2013

Establishment of a Multi-Donor Agriculture Fast Track

The African Development Bank (“AfDB” or “the Bank”) is one of the key institutions advancing agriculture development in Africa and supports the New Alliance for Food Security and Nutrition, which was launched during the G8 summit in May 2012. The objective of the New Alliance is to lift 50 million people out of poverty over the next decade through a collective commitment to invest in credible, comprehensive and country-owned plans, develop new tools to mobilize private capital, spur and scale innovation, manage risk; as well as engage and leverage the capacity of private sector partners.