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 - 512 days so far
FAA effective
03 Sep 2019
Disbursement - USD 286,000
23 Oct 2019
Disbursement - USD 703,846
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
Completed
03 Sep 2031 - 3,873 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing11% disbursed
| Instrument | Amount |
|---|---|
| Equity | USD 23,000,000 |
| Grant | USD 3,000,000 |
Cofinancing
| Cofinancer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 3,000,000 |
| Co-Financing | Equity | USD 2,000,000 |
| Co-Financing | Equity | USD 25,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsPhone +82 10 4458 7751
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Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6157
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6155
Send e-mail
Accredited Entity
Acumen Fund, Inc.
Director of Business Development, Government Partnerships
National Designated Authority
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
Ministry of Finance
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
Federal Ministry of Environment
Plot 444, Aguiyi Ironsi Way, FCT, Abuja, Nigeria
The National Treasury
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya