The Agri-Finance platform, an initiative launched in October 2023 by the International Finance Corporation (IFC), a member of the World Bank Group, and the OCP Group, aims to promote sustainable food production and distribution systems in Africa. This ambitious project seeks to contribute to skills development, job creation, and improve food security on the continent.
Drawing on the expertise of INNOVX, a company affiliated with the Mohammed VI Polytechnic University (UM6P), and the in-depth knowledge of OCP Africa, this platform aspires to mobilize $800 million to invest in food chains. African agricultural value. It aims to respond to current climate challenges and strengthen food security.
Younes Addou, Vice President of INNOVX, highlights the importance of this forum as a unique space for industry, researchers and investors to share ideas and form strategic partnerships. This initiative aims to illuminate investment opportunities and discuss ways to overcome financial obstacles in the agricultural sector.
The platform plans to strengthen 30 agricultural value chains through 60 agricultural financing operations, providing access to financing and professional training to stimulate growth and resilience of the sector.
The forum marks the start of a multi-year series of events across sub-Saharan Africa, aimed at driving innovation and facilitating sustainable investments in agricultural value chains. This first meeting has already resulted in collaboration agreements for the development of the rice, cashew, corn and soybean value chains.
This initiative promises to maintain a dynamic of collaboration and networking through traveling meetings in Africa, in order to actively monitor the implementation of collaborative projects and continue to enrich the Agri-Finance Platform.
LNT with COP
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– 2024-04-08 13:37:38