The African Agri-Business Engine will identify investment and finance opportunities in agriculture and agribusiness in Mozambique, Zambia, Ethiopia Rwanda, and Kenya
The African Development Bank and the Fund for African Private Sector Assistance (FAPA), a multi-donor trust fund financed by the Governments of Japan and Austria, today launched the African Agri-Business Engine (AABE) in Malabo. FAPA provides grants for technical assistance activities in Africa, and is one of the components of the Enhanced Private Sector Assistance (EPSA) initiative hosted at the African Development Bank.
The African Agri-Business Engine will identify investment and finance opportunities in agriculture and agribusiness, and focus its activities in Mozambique, Zambia, Ethiopia, Rwanda, and Kenya. The project will be implemented by Grow Africa and hosted in the African Union Development Agency – New Partnership for Africa’s Development (AUDA-NEPAD). One of the proposed outcomes of the African Agri-Business Engine is the submission of business-ready deals with leading continental partners at the African Investment Forum in Johannesburg at the end of this year (11- 13 November 2019).