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FMO (Dutch entrepreneurial development bank) supports farmers in East and West Africa

Author: FMO (Germany), Published on: 13 January 2020

"FMO invests in Acumen Resilient Agriculture Fund (ARAF) to support the provision of climate resilience solutions to smallholder farmers in East and West Africa.", 7 January 2020

Globally, there are an estimated 500 million smallholder farmers cultivating less than 2 ha of land, many of whom are poor, experience food insecurity, and live in highly precarious conditions. Climate change poses a significant risk to these farmers and threatens to undermine global progress toward poverty alleviation, food security, and sustainable development. Especially in Sub-Saharan Africa, home to almost 50mln smallholders, smallholder farmers are highly vulnerable to climate change because most depend on rain-fed agriculture, cultivate marginal areas, and lack access to technical or financial support that could help them invest in more climate-resilient agriculture. Due to severe droughts, rising temperatures, and rainfall variations, crop yields are predicted to reduce by more than 15 percent...

Impact investment firm Acumen established the Acumen Resilient Agriculture Fund (ARAF) to support smallholder farmers to enhance their livelihoods and climate resilience. The fund (target size USD 50mln) will provide financing and technical support to early-stage and early-growth agribusinesses. These businesses provide climate resilience solutions to smallholder farmers in East and West Africa...

Pieternel Boogaard, Director Agribusiness, Food and Water at FMO: “Reducing carbon emissions is not enough to reduce the impacts of climate change. There is an increasing need to invest in climate adaptation projects and the climate resilience or our (end-)clients, i.a. smallholder farmers. That is why we are proud to partner with Acumen in this innovative fund that aligns well with our strategy to invest in climate smart agriculture as well as enhance food security, support sustainability and promote inclusive development.”...

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Related companies: FMO