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Agriculture Fast Track Fund (AFT)

http://www.aftfund.org/en

Overview

  • Organization TypeFunding Agencies
  • HeadquartersCote d Ivoire
  • Founded2013
The Agriculture Fast Track Fund (AFT) is a new multi-donor trust fund managed by the African Development Bank with funding support from the US government represented by USAID (US$ 12 million), the Danish Government represented by DANIDA (US$ 1.8 million) and the Swedish Government represented by Sida (US$ 10 million). It was launched on 8 May 2013 with initial funding amounting to US$ 23.80 million. AFT is housed at the Agriculture and Agro-Industry department (OSAN) of the African Development Bank. Areas of Focus / Sub-Sectors The AFT will provide grant funding for the initial project development costs of a broad range of agriculture infrastructure projects spanning the entire value chain – from production to market. These can emanate from the private or public sector and from local or international businesses. The types of projects envisioned range from rural feeder roads to agro-processing and marketing facilities to out-grower schemes. The emphasis will be on projects that contribute to food security and support to smallholders. The AFT can provide support including, but not limited to: - An environmental/hydrological study for an irrigation system that would support smallholder crop production. - A marketing plan for an agro-processing facility supported by a nucleus farm and corresponding out-grower scheme, which will create stronger market linkages for smallholders. This would include crops, livestock and fishery products. - Financial Modeling for a joint venture to establish a crop/ livestock/ fishery products – processing operation focused on smallholder farmers that produce high-quality flour for the domestic market. - An engineering study for the construction of an extraction and refining centre; a centre which would provide inputs and training to allow new smallholder farmers to enter the supply chain. Eligible Countries Agriculture Fast Track Fund has initiated its activity covering 10 African states who are members of the New Alliance for Food Security and Nutrition in Africa: Benin, Burkina Faso, Côte d’Ivoire, Ethiopia, Ghana, Malawi, Mozambique, Nigeria, Senegal and Tanzania. The countries that have entered into agreement with the G8 to refine their policies in order to improve investment opportunities and accelerate the implementation of their country‐led Comprehensive Africa Agriculture Development Programme (CAADP) plans on food security. The AFT will be extended to other countries joining the New Alliance for Food Security and Nutrition, thus establishing a Cooperation Framework for Food Security and demonstrating commitment in agreement with the G20 countries in order to improve investment opportunities.

Contact Agriculture Fast Track Fund (AFT)

Company Offices
  • Cote d Ivoire (headquarters)
  • Abidjan
  • Immeuble du Centre de commerce International d’Abidjan (CCIA) Avenue Jean-Paul II
  • Senegal
  • Dakar
  • Immeuble Coumba, 2eme étage Route de Ngor, Zone 12 Les Almadies
  • Nigeria
  • Abuja
  • No 8, Lake Chad Crescent Maitama District
  • Mozambique
  • Maputo
  • 3rd floor, JAT 4 Building Zedequias Maganhela, 267
  • Malawi
  • Lilongwe
  • 2nd Floor, Kang’ombe House Box 30732
  • Tanzania
  • Dar Es Salaam
  • Garden Avenue, 5th Floor, International House P.O. Box 6024
  • Ethiopia
  • Addis Ababa
  • Get-House Building, 7th and 8th Floor Kirkos Sub-City, Kebele 20/21, House N° 056
  • Burkina Faso
  • Ouagadougou
  • Immeuble Administratif et Technique de l'ARTEL 5è Etage
  • Benin
  • Cotonou
  • S/C PNUD Rue des Dominicains Lot 111 – Zone Résidentielle
  • Ghana
  • Accra
  • No.1 Dr. Isert Road - 7th Avenue – Ridge