FP078
Acumen Resilient Agriculture Fund (ARAF)
Acumen Resilient Agriculture Fund (ARAF)
Supporting pioneering and early-growth innovative agribusinesses that enhance the climate resilience of smallholder farmers.
Agriculture is a major industry in the target countries, and up to 80 percent of farmland is managed by smallholder farmers who are highly vulnerable to the impacts of climate change. Climate resilience is key to ensuring a long term sustainable increase in agriculture productivity and incomes for smallholder farmers.
The Acumen Resilient Agriculture Fund (ARAF) will improve climate resilience to ensure long-term sustainable increases in agriculture productivity and incomes for smallholder farmers. It will shift the pattern of investment in climate change adaptation activities in Africa from grants to a long-term capital approach, enabling smallholder farmers to respond to climate change more efficiently and effectively. It will support innovative private social entrepreneurs in micro-, small, and medium-sized enterprises (MSMEs) by providing aggregator and digital platform and innovative financial services to smallholder farmers.
The project has an estimated lifespan of 12 years.
Project timeline
Pipeline
12 Jan 2017 - 414 days
Concept note received
12 Jan 2017
Funding proposal received
04 May 2017
Cleared by GCF Secretariat
07 Aug 2017
Cleared by iTAP
26 Jan 2018
Approved
01 Mar 2018 - 552 days
Approved by GCF Board
01 Mar 2018
Legal opinion on AE's Internal Approval
27 Jun 2018
FAA executed
21 Dec 2018
Under implementation
03 Sep 2019 - 1,368 days so far
FAA effective
03 Sep 2019
Disbursement - USD 1,250,000
23 Oct 2019
Disbursement - USD 286,000
23 Oct 2019
Disbursement - USD 331,821
25 Feb 2020
Disbursement - USD 187,692
22 May 2020
Disbursement - USD 2,111,538
22 May 2020
Disbursement - USD 1,114,423
29 Jul 2020
Disbursement - USD 175,962
26 Nov 2020
Disbursement - USD 703,846
15 Dec 2020
Disbursement - USD 316,792
25 Mar 2021
Disbursement - USD 882,219
26 May 2021
Disbursement - USD 1,016,110
10 Dec 2021
Disbursement - USD 2,794,421
21 Jun 2022
Disbursement - USD 635,660
05 Oct 2022
Disbursement - USD 20,391
09 Dec 2022
Disbursement - USD 1,298,072
25 Jan 2023
Disbursement - USD 1,377,383
17 May 2023
Disbursement - USD 1,586,207
17 May 2023
Completed
03 Sep 2030 - 2,651 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing62% disbursed
| Instrument | Amount |
|---|---|
| Equity | USD 23,000,000 |
| Grant | USD 3,000,000 |
| Total GCF Financing |
|---|
| USD 26,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Equity | USD 25,000,000 |
| Co-Financing | Grant | USD 3,000,000 |
| Co-Financing | Equity | USD 2,000,000 |
| Total Co-Financing |
|---|
| USD 30,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsPhone +82 32 4458 6338 (KST)
Send e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6155 (KST)
Send e-mail
Accredited Entity
Acumen Fund, Inc.
Director of Business Development, Government Partnerships
More contacts
National Designated Authority
Ministry of Finance
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Ag. Head, Climate Finance & Green Economy Unit
National Council on Climate Change
Director General
Headquarters Mabushi, Abuja, Nigeria
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Phone +256 414 707 161
andrew.masaba@finance.go.ug
Juvenal.Muhumuza@finance.go.ug
Isaac.Katabalwa@finance.go.ug
Documents
| Title | Type | Date |
|---|---|---|
| 2020 Annual Performance Report for FP078: Acumen Resilient Agriculture Fund (ARAF) | Annual Performance Report | 03 Sep 2021 |
| Acumen Resilient Agriculture Fund: at a glance | Case study | 14 Jul 2020 |
| 2019 Annual Performance Report for FP078: Acumen Resilient Agriculture Fund (ARAF) | Annual Performance Report | 30 Mar 2020 |
| Gender action plan for FP078: Acumen Resilient Agriculture Fund (ARAF) | Gender action plan | 23 May 2018 |
| Gender assessment for FP078: Acumen Resilient Agriculture Fund (ARAF) | Gender assessment | 22 May 2018 |
| Acumen Resilient Agriculture Fund (ARAF) | Approved funding proposal | 27 Mar 2018 |