More than half a billion Africans, 65-70 per cent of the population (more than 80 per cent in some countries), depend on small or micro-scale farming as their primary source of livelihood. The agricultural sector accounts for 20-40 percent of the continent’s Gross Domestic Product (GDP), and is projected to be a $1 trillion industry by 2030 but receives less than 3% of banking credit. The productivity of African agriculture is also among the lowest in the world. According to the World Bank, meeting Africa’s demand for food requires $80 billion in investments annually. Access to appropriate financial services is therefore vital to realizing Africa’s agricultural potential.
NEWS & EVENTS
We are a multi-donor initiative with a strong partnership and collaborative mindset. We work with a variety of local, regional, and international institutions, both public and private, in order to achieve our mission to develop the African financial systems. Below is a summary of the institutions we work with to support the development of agricultural finance in Africa.