In October 2015, OeEB invested USD 25 million in the Africa Agriculture and Trade Investment Fund (AATIF) in order to contribute to strengthening the African agriculture and its value chain.
|Project name||Africa Agriculture and Trade Investment Fund (AATIF)|
|Sector||Agribusiness / Agriculture|
|OeEB project volume||USD 25 million|
|Projekt partner(s)||Africa Agriculture and Trade Investment Fund (AATIF)|
The fund's aim is to improve food security as well as the employment and income situation in rural African regions and to sustainably improve the use of existing potentials in agriculture and its value chain.
With its financing, the fund especially aims at smallholders and contract farmers and moreover supports training measures and transfer of know-how. The fund contributes to closing a central gap, since long-term financing is not available on the local African financial market. More than 30,000 small farmers have so far benefited from the fund's investments.
AATIF was initiated in 2011 in the wake of the G8 Summit of 2008 by the German development bank KfW, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). Adherence to the fund's comprehensive social and environmental standards is checked by the International Labour Organisation (ILO) in cooperation with the United Nations Environment Programme (UNEP).