Multinational - Grow Africa African Agribusiness Engine

The African Agri-Business Engine (AABE) will be a Agribusiness and agricultural SMEs platform led by Grow Africa to support the African Development Bank (AfDB) implement its Feed Africa Strategy. The project will leverage potential of untapped value chains on the continent and support scaling of integrated and continental business pipeline models. Leveraging on Grow Africa’s network of 200 agribusiness companies across Africa, AABE will work a minimum of 50 anchor companies and agricultural SMEs to strengthen their business case and identify commercial investment opportunities in strategic commodity value chains. This technical assistance will support private sector development in agribusiness and agriculture SMEs sectors consistent with FAPA’s key objectives. Resources will be directly channeled to Grow Africa Secretariat at NEPAD, as the implementing agency, with the African Development Bank. Thus, the Project will enable inclusive financing within the agribusiness sector and develop market access for SMEs and smallholder farmers. The total cost for the project is US $1,225,590 of which NEPAD will be contributing US $225,590 of the total budget and AfDB/FAPA contributing US $1 million.