The blended finance impact fund, the Agri-Business Capital Fund (ABC Fund) received last week its first investment from a global financial institution, the Bank of America, for an amount of $5 million.
ABC Fund invests in smallholder farmers and large-scale rural small and medium-sized agribusinesses in developing countries to support sustainable and exclusive value chains. It intervenes in the form of loan and participation.
So far, ABC Fund has made more than 20 investments in nine countries namely Benin, Bolivia, Burkina Faso, Côte d’Ivoire, Ecuador, Ghana, Kenya, Mali and Uganda.
The Fund was launched by the International Fund for Agricultural Development (IFAD) in partnership with the European Union, the Organization of African, Caribbean and Pacific States (OACPS), the Government of Luxembourg and the Alliance for a Green Revolution in Africa (AGRA)
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