Multinational - Facility for Agricultural Finance in Africa

The Facility for Agriculture Finance in Africa (FAFINA) aims to foster the agricultural transformation of the continent from agriculture as way of life to agriculture as a business. The project is a holistic program that addresses some of the remaining constraints for the Bank Group to reach a very critical mass of the African population – its farmers. The facility to address the challenges will introduce several innovative instruments and structures namely: (a) independent fund management for initial supply driven identification and technical due diligence stages of processing; (b) technical assistance to bring proposals to bankability (c) first loss portfolio guarantees; and (d) pay for performance contract structures. The project main components are (i) concept and prefeasibility Stage; (ii) Facility implementation and supporting documents and (iii) TA assistance operations ramp-up.