Using a science-based approach to catalyze private sector capital flow into climate-smart agribusinesses in Africa

In order to close the funding gap and achieve the Sustainable Development Goals (SDGs), innovative approaches and system changes within the global food systems sector are crucial. While agricultural businesses have long been recognized as the backbone of African food systems, they face various obsta...

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Detalles Bibliográficos
Autores principales: Dahl, Hauke, Njiru, A.
Formato: Blog Post
Lenguaje:Inglés
Publicado: 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/135421
Descripción
Sumario:In order to close the funding gap and achieve the Sustainable Development Goals (SDGs), innovative approaches and system changes within the global food systems sector are crucial. While agricultural businesses have long been recognized as the backbone of African food systems, they face various obstacles that hinder their growth and impact. Access to finance remains a significant challenge, with high transaction costs, long investment processes for deals, and high interest rates from banks and other financial institutions deterring private and concessional financiers from making comparatively small investments. To address these issues, the CGIAR Food Systems Accelerator has established a pipeline of high-growth and inclusive agribusinesses, that have undergone a comprehensive process of technical assistance to mitigate risks, drive climate-smart innovation, and achieve impactful outcomes at scale.