The Dutch lender has invited other financial institutions to contribute to the facility, which is likely to become operational next year.
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The African Development Bank has committed to making all its operational tools available, including financing, to help the West African country’s economic growth through agri and infrastructure development.
The development bank will pay $8m for its share just months after the agri trader received nearly twice as much from the IFC.
The loan would help the Singaporean agribusiness expand its operations in Egypt, Georgia, Poland, Turkey and Ukraine.
The bank will decide by November whether to commit to the private equity vehicle, which has the same target as its predecessor but a higher hard-cap.
Nigeria’s government says it is looking at similar arrangements with other institutions to help prop up the country’s farmers.
The debt investment by the UK fund will enable Kapani, a Malawian meat processor, to expand its poultry operations fivefold.
The $10m loan will support National Fisheries Developments’ addition of a new vessel as part of ongoing efforts to increase employment in the South Pacific nation of 635,000 people.
The proposed partnership with JD Chongqing Microcredit Company would support loans designed to encourage the use of data in agri lending and expand financial access for under-served communities.
Training in farming practices and efficient water use will come as part of a $40m program designed to help aid the West African nation recover from civil war.