The African Development Bank (AfDB) has approved E 10 million investment in scalable replicable agroforestry projects in sub-Saharan Africa and Latin America.

The investments will go towards projects that combine forestry (biomass production, fuel wood or timber) with agriculture, such as producing staple food crops for local markets and/or niche export crops.

An article in Technology News reports that the investment will be managed by the African compartment of the Moringa Private Equity Fund. ONF International (ONFI), the international subsidiary of the French Office National des Forêts, will contribute technical knowledge on agroforestry.

Smallholders are expected to benefit from the investments through income diversification and higher and more stable incomes. Improved land management projects will enhance carbon storage and have positive effects on biodiversity.

“The Moringa investment strategy is well aligned with the African Development Bank's Ten-Year Strategy (2013-2022), focusing on inclusive green growth as the pathway to sustainable development and creating broad-based prosperity, as well as the Bank's Climate Change Action Plan, which aims to make investments to reduce the continent's vulnerability to climate change,” says the article

Read the full story: AfDB Approves 10 Million Equity Investment in Moringa Private Equity Fund