Browsing: African farmers

• AfDB calls for increased financing for smallholder farmers in Africa.
• Agriculture Ministers back AfDB call for smallholder farmers’ financing.
• Less than 20% of African smallholder farmers use improved seeds.

The African Development Bank (AfDB) is betting big on Africa’s smallholder farmers—but will this historic financial push be enough to break the cycle of rural poverty? The bank has unveiled plans for a $500 million risk-sharing facility – designated to unlock upto $10 billion in financing for small-scale farmers and agribusinesses across the continent.

Speaking at the High-Level Conference on Scaling Finance for Smallholder Farmers in Nairobi, AfDB President Dr. Akinwumi Adesina revealed that the bank is in final discussions with its Board of Directors to launch the initiative.

If approved, it could mark a turning point for millions of farmers trapped in subsistence agriculture—but skepticism remains. Will this funding reach those who need it most, or will bureaucracy and mismanagement …