Proparco invests in Acumen agriculture fund
Proparco – through FISEA+, the AFD Group fund advised by Proparco – signed a $5 million investment in Acumen Resilient Agriculture Fund (ARAF). The fund invests in agri-startups in East and West Africa that help smallholder farmers adapt to climate change. This project is part of the French Choose Africa initiative and its Resilience component.
ARAF is an impact agriculture venture capital fund managed by Acumen Capital Partners, a wholly owned subsidiary of the global social impact investor Acumen.
By supporting African businesses that offer innovative solutions to smallholder farmers in East and West Africa, ARAF seeks to build an ecosystem that enables farmers to raise their incomes and increase their climate resilience.
Are you seeking private equity or venture capital investment to grow your company? Africa Private Equity News now offers you the opportunity to connect with investors backing African businesses. Contact us at editor@africaprivateequitynews.com for our rate card and more information.