twitter RSS Feed linkedin acp contact

AGRA announces partnership with Aceli Africa

Alliance for a Green Revolution in Africa (AGRA) has announced a partnership with Aceli Africa to enhance capital flows to SMEs in the agriculture sector and support a financially inclusive agricultural transformation across Africa

AFAGRA to partner with Aceli Africa to enhance capital flows to SMEs in the agriculture sector. (Image source: Adobe stock)

 According to the organisation’s news, AGRA and Aceli have signed a letter of intent committing to jointly work together to test and scale up innovations that substantially drive down the cost and risk of financing SMEs in the agriculture space

Aceli Africa is a market incentive facility that offers financial incentives to mitigate risk and compensate lenders for the transaction costs of serving high-impact agricultural SMEs. Aceli plans to support its 25 lending partners in mobilising US$700mn in financing for agri-SMEs by 2025 with a focus on SMEs that are gender inclusive, improve food security, and practice climate-smart agriculture.

Vanessa Adams, vice-president, strategic partnerships with AGRA, said, “AGRA firmly believes that it is vital to unlock the potential of SMEs for agricultural transformation across Africa. This partnership with Aceli is a step in this direction, as the increased capital flows and technical assistance will enable the SMEs to unleash their potential and offer better services to smallholder farmers. This partnership will also work on implementing digital solutions to make financial record keeping and reporting more efficient and reliable which will improve the bankability of the SMEs.” 

Brian Milder, CEO OF Aceli Africa, commented, “Aceli Africa shares AGRA’s vision for an inclusive and sustainable agricultural transformation that creates economic opportunities, builds a resilient regional food system, and stewards the natural environment. Achieving this vision is only possible if we can unlock the growth and impact potential of agricultural SMEs. Building on AGRA’s leading role as a convener and advocate and Aceli’s data-driven approach to mobilising private sector lending, together we can address the long standing barriers that limit the flow of capital to agricultural SMEs.” 

AGRA and Aceli are like-minded institutions that will partner specifically in promoting innovations that address the barriers to capital flowing to agricultural SMEs at scale. 


LATEST NEWS IN Agriculture

USAID and NASA renew partnership to address development and humanitarian challenges

USAID and NASA renew partnership to addr…

On 4 November, Administrator Samantha Power signed a Memorandum of Understanding (MoU) between the U.S. Agency for International Development (USAID) and the National Aeronautics and Space Administration (NASA) to renew...

Norway promises top-up contribution of urgently needed climate finance

Norway promises top-up contribution of u…

On 9 November 2022, Norway, as part of a commitment to triple its support to climate adaptation by 2026, has pledged an additional US$9.5mn contribution of urgently needed climate finance...

CotonChad and IDH sign partnership with Better Cotton

CotonChad and IDH sign partnership with …

Better Cotton recently signed a multi-stakeholder Letter of Intent to participate in the landscape approach, developed with local stakeholders in Chad in conjunction with IDH, intending to work towards improving...

NFU president Minette Batters appointed as ambassador of Farm Africa

NFU president Minette Batters appointed …

Farm Africa, a charity that promotes sustainable agricultural practices, strengthens markets and protects the environment in rural eastern Africa, has announced the appointment of NFU president Minette Batters as an...

AfDB grants US$63.38mn loan to implement agro-processing project in Senegal

AfDB grants US$63.38mn loan to implement…

The board of directors of the African Development Bank (AfDB) Group in Abidjan has approved a loan of US$63.38mn to Senegal to implement the Agropole-Centre agro-industrial processing zone project

Farming innovations which help conserve nature and create jobs

Farming innovations which help conserve …

On World Food Day, farmers in the UK and globally showed how innovative farming methods and techniques can improve lives, help meet global climate targets and produce food without harming...

Prev Next

OTHER RELATED ARTICLES - Agriculture

Moody's affirms Côte d'Ivoire's rating on fiscal policies, lower cocoa dependence

Moody's affirms Côte d'Ivoire's rating o…

Moody's on Tuesday affirmed Côte d'Ivoire's sovereign rating citing the economy's diversification from cocoa and the government's fiscal policies

AfDB approves US$1.4mn grant to improve household food security in Zambia

AfDB approves US$1.4mn grant to improve …

The African Development Bank (AfDB) has approved a US$1.4mn grant from the global agriculture and food security programme to reduce malnutrition among the southern African nation’s most vulnerable households

Women in food and agriculture round up digital festival with mentorship scheme and survey

Women in food and agriculture round up d…

The live component of the Women in Food and Agriculture (WFA) Digital Festival successfully brought together more than 600 representatives from the global food and agriculture sector last week

Tobacco farming in Zimbabwe 'vital in combatting food shortages'

Tobacco farming in Zimbabwe 'vital in co…

Farmers in Zimbabwe can improve food security through successful tobacco farming, according to British American Tobacco Zimbabwe Limited managing director Lovemore Manatsa

AfDB approves US$15mn equity investment in Africa to promote food security

AfDB approves US$15mn equity investment …

With an aim to boost agri-business and enhance food security in Africa, the African Development Bank (AfDB) has approved a US$15mn equity investment in Africa Food Security Fund (AFSF)

Rwanda to boost tea production in Nyaruguru District

Rwanda to boost tea production in Nyarug…

Rwanda has announced that it will help farmers to access loans through the Rwanda Development Bank (BRD) in a bid to increase tea production in Nyaruguru District

ORO AGRI rolls out new packs for small-scale farmers in Africa

ORO AGRI rolls out new packs for small-s…

ORO AGRI has launched new 200ml crop protection products which are easily available to growers in Africa

‘Agribusiness key for Africa’, says UN economist

‘Agribusiness key for Africa’, says UN e…

The executive secretary of the UN Economic Commission for Africa (UNECA), Dr Carlos Lopes, has said that agribusiness has a “fundamental role” to play in the continent’s economic development

Zimbabwe researchers identify potato virus in tobacco crop

Zimbabwe researchers identify potato vir…

Researchers at Zimbabwe's Tobacco Research Board (TRB) have identified a virulent necrotic strain of Potato Virus Y (PVY), which could destroy up to 90 per cent of a crop strain...

EU provides critical support as WFP faces funding shortages in Sudan

EU provides critical support as WFP face…

The World Food Programme (WFP) has received a US$11.32mn contribution from the European Union’s Civil Protection and Humanitarian Aid Operations department (ECHO) for life-saving food assistance in Sudan, in addition...

Six planter upgrades to help farmers achieve a picket fence crop stand in 2021

Six planter upgrades to help farmers ach…

Precision Planting, a specialist in precision agriculture technology solutions, has shared six planter upgrades to help farmers achieve a picket fence crop stand in 2021

Cassava virus on verge of epidemic in East Africa

Cassava virus on verge of epidemic in Ea…

Experts urge funding, swift action to protect staple food crop

Prev Next