The launch of the Innovation Fund for Agricultural Transformation (IFAT) took place as part of the Side event of the Sub Saharan Africa Challenge Program (SSA CP) at the 6thAfrica Agriculture Science Week in Accra, Ghana.
The IFAT concept was designed to address the issues of affordable credit that have hampered the development of Africa’s agriculture and inhibited the transition from subsistence farming to small scale production enterprises. The lack of affordable financing has also affected the competitiveness of a lot of commodities produced in Africa compared to what is produced in Asia and the West. These circumstances have highly limited the market reach for African commodities and resulted in obstacles to the strengthening smallholder livelihoods.
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