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Swedfund Invests $12M in Acumen African Agriculture Fund to Boost Climate Resilience
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TechMoran
Swedfund has committed USD 12 million to the Acumen Resilient Agriculture Fund II (ARAF II), backing businesses that help strengthen agricultural value chains across Africa and improve climate resilience for millions of smallholder farmers.
“Climate change is already affecting the livelihoods of millions of smallholder farmers across Africa.
That is essential for more resilient food systems,” said Helen Hagos, Investment Director for Food Systems & Strategic Investments at Swedfund.
Swedfund said supporting the growth of these companies will strengthen local food systems while improving economic opportunities for farmers.
The fund aims to reach approximately four million smallholder farmers through its portfolio companies.