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ATAF achieves first closing at $2.8m

Anna Lyudvig
Dec. 12, 2016, midnight
474

Word count: 410

The Agroforestry Technical Assistance Facility (ATAF), managed by the Common Fund for Commodities (CFC), has achieved a first closing of $2.8m.

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The Agroforestry Technical Assistance Facility (ATAF), managed by the Common Fund for Commodities (CFC), has achieved a first closing of $2.8m.

Main contributors are the French Facility for Global Environment (FFEM), the African Development Bank (via the Fund for African Private Sector Assistance - FAPA) and the Investment and Support Fund for Businesses in Africa (FISEA - AFD Group). 

USAID is supporting land tenure technical assistance as a part of its Responsible Land-Based Investment Pilot.

Clément Chenost, ATAF Chairman, told Africa Global Funds that the ATAF is targeting "$4m by the end of 2017".

ATAF is a Public and Private Partnership (PPP) with the Moringa Fund, which provides technical assistance with the goal to amplify and upscale environmental and social positive impacts triggered through Moringa investments.

ATAF is a unique and innovative tool aimed at adapting agricultural value chains to climate change, increasing farmers’ resilience and promoting agroforestry as a sustainable way of land use. 

Moringa is the first and only investment vehicle specifically dedicated to promote agroforestry as a catalyst for creating shared value among integrated value chains. 

Investing into agroforestry is an opportunity to link agriculture and forestry policies, and to apply an inclusive land management considered to be a promising solution for climate change adaptation and mitigation (e.g. through soil quality improvement, carbon sequestration, water conservation, or biodiversity protection). 

This holistic approach can be a new way of financing landscapes: bringing public and private actors together for inclusive value chains and triple bottom returns. 

ATAF will support the €84m Moringa Fund in its innovative and transversal approach. 

It will especially accommodate the sensitivity of agroforestry to social and environmental effects of investments.

ATAF will contribute to remove the barriers to the development of viable agroforestry systems and the inclusion of smallholders in pioneering outgrower schemes. 

By providing farmers with access to training, by supporting innovative research and development programs and by assisting commercial initiatives, ATAF will create an enabling environment to increase the resilience of farmers and landscapes in Latin America and Sub- Saharan Africa.

“We have got an in house impact methodology. We have close collaborations with NGO & Research centres,” commented Chenost.

The first ATAF Committee meeting was held in Paris in November when two Technical Assistance projects were approved in Latin America.

When asked about Sub-Saharan Africa, Chenost said that in “the first quarter of 2017” investors are expected to see the first deal in the region.

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