twitter RSS Feed linkedin acp contact

IFC, WFP collaborate to finance smallholder farmers in Rwanda and Tanzania

The International Finance Corporation (IFC) and the Global Agriculture and Food Security Program (GAFSP) are collaborating with the United Nations World Food Programme (WFP) to launch smallholder farmer financing programs aimed at improving food security among vulnerable people in Rwanda and Tanzania

shutterstock 5616530951The initiative will help smallholder farmers gain better access to the market. (Image source: pjhpix/Shutterstock)

The initiatives with KCB Bank Rwanda Limited and CRDB Bank PLC in Tanzania are part of the Farm to Market Alliance, a multi-stakeholder platform established in 2016, of which IFC and WFP are global members, to create agriculture value chains that secure sizeable local and international demand for produce from smallholder farmers. The Alliance is designed to create systemic change in markets through a holistic approach to smallholder development. A sustainable and commercially viable approach will benefit individual farmers and broaden the global supply base of agricultural produce to meet increasing demand.

IFC, joined by GAFSP, will provide advisory services in the form of capacity building activities to improve the professionalism of smallholder farmer cooperatives in the area of financial management and governance as well as agronomy and input use training.

“Smallholder farmers produce most of the world’s food, but they form the majority of people living in poverty and often have food security challenges themselves,” said David Beasley, WFP executive director. “We want to help them get better access to markets so they build more demand for their products, thus making a long-term impact on the economic future for them and their families. But WFP can’t do it alone, and that’s why we are grateful for our collaboration with others through the Farm to Market Alliance."

“Agribusiness drives many African economies and creates the most jobs on the continent,” said IFC CEO Philippe Le Houérou. “Through the Farm to Market Alliance, IFC is creating new markets—by connecting smallholder farmers in Sub-Saharan Africa directly with buyers. The result: improved productivity and higher living standards for people in rural areas.”


LATEST NEWS IN Agriculture

African Development Fund approves US$6.4mn grant to increase financial access for agricultural value chain entrepreneurs

African Development Fund approves US$6.4…

The Board of Directors of the African Development Fund, the African Development Bank Group’s (AfDB’s) concessional lending window, has approved a grant US$6.4mn to Gambia to implement the Incentive-Based Risk-Sharing...

Esri partners with Microsoft to support sustainable agriculture development in Africa

Esri partners with Microsoft to support …

To help support government and non-profit organisations on the continent address climate change, water supply and food security challenges, Esri, the global leader in location intelligence, has collaborated with Microsoft...

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...

Prev Next

OTHER RELATED ARTICLES - Agriculture

International Year of Pulses closes with call to build upon strong momentum

International Year of Pulses closes with…

The International Year of Pulses, which was celebrated in 2016, has helped raise awareness globally of the benefits of eating and growing pulses, with calls to now build upon the...

West African countries are sharing pesticides and other supplies to combat Desert Locusts

West African countries are sharing pesti…

With Desert Locusts ravaging large swathes of East Africa in recent months, concerns have been rising that swarms could turn their sights westward and invade countries such as Chad, Niger,...

CABI launches space-age technology to fight crop-devastating pest outbreaks in Kenya

CABI launches space-age technology to fi…

Centre for Agriculture and Bioscience International (CABI), funded by the UK Space Agency’s International Partnership Programme (IPP), is developing a Pest Risk Information Service (PRISE) to fight against crop-devastating pest...

AfDB approves US$42mn grant to develop Sudan’s agribusiness

AfDB approves US$42mn grant to develop S…

The African Development Bank (AfDB) has approved US$42mn grants to support the national agriculture investment plan in Sudan

AfDB hosts meeting to fight Fall Armyworm

AfDB hosts meeting to fight Fall Armywor…

The African Development Bank (AfDB) is hosting “From Plan to Action,” meeting to control Fall Armyworm in southern Africa from 26-27 July 2018

FAO warns of Desert Locust outbreaks in Yemen and the Horn of Africa

FAO warns of Desert Locust outbreaks in …

Desert Locust summer breeding, amplified by heavy rains, can pose a serious threat to agricultural production areas of Yemen, Sudan, Eritrea and parts of Ethiopia and northern Somalia during the...

Financial institutions to speed up special agro-industrial processing zones in Africa

Financial institutions to speed up speci…

Representatives from development finance institutions, private developers of Special Economic Zones and other key players in Africa’s agri-business sector said that the African Development Bank’s Special Agro-industrial Processing Zones (SAPZ)...

Kenya purchases tractors for Kwale food production

Kenya purchases tractors for Kwale food …

The Kwale county government has spent more than US$900,000 in buying tractors, motorcycles and ambulances for use in emergency services offered to Kwale residents

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

AfDB report on empowering women in agribusiness

AfDB report on empowering women in agrib…

The African Development Bank (AfDB) has launched a report seeking to empower women to take the lead in agribusiness

Breathable Sand holds solution to global threat of floods

Breathable Sand holds solution to global…

With most countries grappling with floods, Breathable Sand by Dake Rechsand, a company offering sustainable solutions in water conservation and desert farming, is helping reduce water requirements by 70-80% on...

Abia State governor seeks AfDB partnership to build agricultural base

Abia State governor seeks AfDB partnersh…

Nigeria’s Abia State governor Okezie Ikpeazu met with African Development Bank (AfDB) president Akinwumi Adesina at the Bank’s headquarters in Abidjan, Cote d’Ivoire to discuss investment for Abia to boost...

Prev Next