
AfDB Commits Shs2tn to Revolutionise Financing for Smallholder Farmers
The facility is designed to reduce the high transaction costs associated with financing small agricultural enterprises, ultimately enabling millions of farmers to access the capital they need to grow their businesses and boost food production. The African Development Bank (AfDB) president, Akinwumi Adesina, has announced plans to launch a Shs1.9 trillion ($500 million) facility designed…