No other sector has the potential to achieve broad-based economic transformation than agriculture. We are supporting innovations that contribute to the development of inclusive agribusiness and increase productivity and incomes for smallholder farmers, contributing to reduced hunger and poverty in Africa.
While the continent has made great strides in improving productivity, much remains to be done. In many countries, agriculture is at a subsistence level: underdeveloped due to a complex web of inter-related challenges ranging from low productivity, climate change, a weak enabling environment, lack of access to markets, high malnutrition and weak agricultural practices.
Improving the lives of smallholder farmers in Africa is at the centre of our work in agribusiness. We do this by designing and managing funds aimed at increasing investments by the private sector into the agricultural sector, increasing the participation of smallholder farmers in agricultural value chains and the financial sector and strengthening their ability to address challenges related to climate change. We can design and implement agricultural market systems programs and provide impact measurement services.
By providing grants and non-recourse loans to private sector projects, the AECF fund generated innovative and profitable ways of improving how markets work for the rural poor. The Africa Enterprise Challenge Fund (AECF) is a special partnership initiative of the Alliance for a Green Revolution in Africa (AGRA). KPMG International Development Advisory Services (IDAS) was the Fund Manager for the AECF (now managed by AECF Limited) from 2008 -2017.
Zimbabwe Conservation Agriculture Network (“ZIMCAN”) statistics estimate that there are 300,000 smallholder farmers practicing conservation agriculture in the country and that the number of farmers is on the increase.