Shot in the arm for agribusiness

The Africa Enterprises Challenge Fund (AECF), a private sector fund backed by international development partners, is rolling out an agribusiness financing programme for local companies, which seeks to alleviate poverty in rural areas, as the country’s agro-sector remains hamstrung by capital.

Under the facility named ZW R3, the organisation will co-fund successful applicants with grants and repayable loans of between $250 000 and $1,5 million during the third round of the project.

Interested businesses are expected to formulate ideas that demonstrate a positive impact on the rural poor to qualify for the assistance.

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