|Approval Date||23 Jun 2020|
|Signature Date||11 May 2021|
|Planned Completion Date||30 Sep 2025|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||32161|
The Africa Food Security Fund (AFSF) is a second-generation fund administered by Zebu Investment Partners (Zebu), formerly Databank Agrifund Managers. With a target fund size of USD120 million, the AFSF was established to invest in small and medium enterprises (SMEs) in the agriculture sector in Sub-Saharan Africa (SSA). The AFSF follows a similar investment approach as the AAF in that it will make investments in food production and processing at the SME agribusiness level throughout the African continent, particularly in SSA. Technical Assistance (TA) is therefore necessary to assist with mitigating some of the key risks associated with investing in the agribusiness sector in Africa and catalysing growth in and around investee companies. The goal of the project is to amplify the AFSF’s development impact, constituted by im-proved economic development and physical access to food. This will be achieved by linking private equity investments to economic opportunities for smallholder farmers (including women and youth) and micro-enterprises; promoting uptake by AFSF investee companies of inclusive business models thereby increasing beneficiary incomes and access to food. The TAF will in addition support AFSF investee companies with their growth objectives by providing them with expertise and support that drive best practice and innovation which in turn will create jobs and thus incomes, increasing overall food security. Project Main Components are : (i) Inclusive Business Technical Assistance; (ii) Ecosystem Development Technical Assistance; and (iii) Facility Management.
The objectives of the project are: (i) to strengthen portfolio companies’ core operations by delivering consulting expertise so that they are better able to grow, and hence contribute to food security; (ii) to facilitate the implementation of new business models that extend their reach to poor consumers, producers or employees through ‘inclusive business’ initiatives. This includes out grower schemes and distribution models, which enhance the capacity of smallholder farmers (SHFs) and micro-entrepreneurs to engage with portfolio companies through training and access to finance; and (iii) enhance linkages between upstream and downstream agriculture value chain activities.
The project’s target beneficiaries are SHFs and micro-enterprises who : i)Supply (or are potential suppliers of) AFSF investee companies; and ii) Participate in downstream/upstream activities relevant to AFSF investee companies.
Fund for African Private Sector Assistance
Africa food security LP
|Last Update||24 Sep 2022|