The Acumen Resilient Agriculture Fund said it has attracted an additional $90 million for investment in climate-resilient agriculture businesses in Africa Source: Bloomberg.
The investment adds to the $58 million the fund has already secured and will allow it to expand into North Africa from its current activities in East and West Africa, Acumen said in a statement Source: Bloomberg.
This development represents a significant boost for climate-resilient agriculture across the continent, as African farmers and agribusinesses face increasing challenges from climate change, including erratic weather patterns, prolonged droughts, and shifting growing seasons.
The Acumen Resilient Agriculture Fund focuses on supporting businesses that are building climate resilience in agricultural value chains, improving food security, and creating sustainable livelihoods for smallholder farmers across Africa.
With the additional funding, the fund will expand its geographical reach to North Africa, bringing its model of patient capital investment to new markets and agricultural systems. The expansion reflects growing investor confidence in Africa's agricultural sector and the recognition that climate-resilient agriculture is both a critical need and a viable investment opportunity.
