UK Government to provide £50 million to help AgDevCo set up a new SME fund

June 8, 2013

The UK Government will boost investment into African farming and agriculture to help the continent escape the threat of hunger and malnutrition, Justine Greening will announce today, Saturday 8th June, in a speech at the New Alliance for Food Security and Nutrition event. The UK government will provide £50 million to help AgDevCo set up a new fund which will invest in agricultural SMEs, smallholder farmes and new agribusiness ventures. This will benefit 650,000 people across Africa with jobs and better incomes, as well as help smallholder farmers grow more food to combat food shortages and malnutrition.

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