African Development Bank announces landmark investment to assist smallholder farmers
By Daanyaal Matthews The African Development Bank (AfDB) has announced a $500 million investment in a financial facility designed to unlock $10 billion in financing for smallholder farmers and agribusiness enterprises across the continent. This initiative addresses a critical gap in agricultural financing, as the majority of smallholder farmers lack access to credit. The AfDB reports that only 6% of smallholder farmers have access to credit facilities, and fewer than […]