Today, USAID Administrator Samantha Power and Anne Beathe Tvinnereim, the Norwegian Minister of International Development, launched a new multi-donor fund designed to unlock hundreds of millions in financing for small-and medium-sized agricultural businesses (agri-SMEs) in Africa. Working with Congress, the United States through USAID, will provide an initial commitment of $35 million, alongside a matching contribution from Norway. With the combined amount of $70 million, Norway and the United States aim to reach a total of $200 million through additional donor contributions, which will catalyze hundreds of millions more in commercial financing by reducing the risk of investing.

https://www.miragenews.com/power-unveils-fund-boosting-africas-agriculture-1086853/

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