Delegation of the European Union to the Holy See,
Order of Malta, UN Organisations in Rome
and to the Republic of San Marino

 

The EU provides €45 million in support for smallholder agri-businesses in rural Africa - Rome, 15 February 2019

15/02/2019 - 17:38
News stories

Launch of the Agribusiness Capital Fund

 

“The EU is committed to boosting agri-business investments, strengthening livelihoods and creating sustainable jobs in rural areas, especially among traditionally under-served communities. The ABC Fund will help us achieve this, said Commissioner Neven Mimica today.

The Commissioner was in Rome today for the launch of the new Agri-Business Capital (ABC) Fund, which will help deliver on the Africa-Europe Alliance for Sustainable Investments and Jobs. 

€ 45 million from the EU + € 5 million of Luxembourg Government and €5 million from Africa Green Revolution Alliance are expected to leverage more than € 200 million in investments to benefit up to 700 000 households in rural areas !

Read more : Press Release