According to the promoters of the initiative, the goal is to benefit at least 11 African countries, including Mozambique, and thus drive a “green revolution” and “catalyze and support inclusive agricultural transformation, which will increase incomes and improve food security for 30 million small family farms.”
A recently released report on the current state of agriculture in Africa indicates that although more than 50% of Africa’s population is linked to the agriculture sector, less than 1% of bank loans are directed to this segment, so “injecting financial resources” into the transformation of the region’s agri-food chain is essential.
The Alliance for a Green Revolution in Africa (AGRA) will be the entity responsible for implementing this financing project, which will have as priorities countries such as Ghana, Nigeria, Mali, Burkina Faso, Rwanda, Uganda, Kenya, Ethiopia, Tanzania, Malawi, and Mozambique.