$58 Million From Acumen for Climate Resilience of Smallholder Farmers
Acumen is closing a $58 million fund to finance climate change adaptation for smallholder farmers. Funded by several international financial institutions, the Acumen Agricultural Resilience Fund (ARAF) will work in several countries affected by climate change, most of which are in Africa.
Facilitating climate change adaptation for smallholder farmers. This is the aim of the Acumen Resilient Agriculture Fund (ARAF) launched by Acumen, an organisation known in Africa for its impact investments. ARAF is funded by the Netherlands Development Finance Corporation (FMO), the Soros Economic Development Fund (SEDF), the Children’s Investment Fund Foundation (CIFF), the Ikea Foundation, Global Social Impact, as well as Proparco, the subsidiary of the French Development Agency (AFD) group, which has participated in this financial mobilisation through Fisea+, the AFD fund.