AfDB, Canada okay special fund for agric

• Published date: 02 February 2023
• Publication title: Nigeria - The Nation

The African Development Bank (AfDB) Group and the government of Canada have established a new special fund to support Africa's small and medium-sized enterprises (SMEs) in the agriculture sector.

The Agri-food SME Catalytic Financing Mechanism is designed to catalyse and de-risk investment for agriculture SMEs, as well as strengthen agricultural value chains and improvefood security across the continent.

The two organisations made the announcement during the Dakar 2 Africa Food Summit.

'At the Africa Food Summit, we have seen a strong commitment to addressing the financing gap for SMEs andcreating an environment that encourages private sector investments inclimate-smart...