Thursday, 01 October 2009
Our Video guest: V. Galastro, on the African Agricultural Fund
Mr. Vincenzo Galastro of the African Agriculture Fund (AAF) is our special guest this week. Mr Galastro, was in Brussels for the 13th Development Briefing on the challenges and opportunities for SMEs in agriculture in ACP countries, and he talked to us about the African Agriculture Fund, the organisations behind it and how it works. The Fund was set up by the AFD, the ADB, IFAD and AGRA as a response to the food crisis. It aims to support private enterprises and cooperatives pursuing strategies to increase and diversify African agricultural production by improving professionalism and organisation, modernising key sectors and mitigating exchange rate volatility risks. The Fund will support agro-industrial enterprises and agricultural cooperatives that respect the environment and support small-scale farmers.