A code of conduct developed by the African Development Bank that is being used as a guideline for investments by the African Agriculture Fund.
The fund will operate according to a Code of Conduct for Land Acquisition and Land Use in to prevent unsustainable practices.
Agreement covers 82,500 acres of land for palm oil production.
The African Agriculture Fund and its portfolio companies commit themselves to these principles and guidelines in undertaking agricultural and agribusiness investments across Africa.
The Fund will operate according to a Socially Responsible Investment Manual that features, for the first time in the area of Agribusiness private equity, a Code of Conduct for Land Acquisition and Land Use in Agricultural and Agribusiness Projects to prevent unsustainable practices in land acquisition and land use.
Le Fonds pour l’agriculture en Afrique sera financé par la Banque africaine de développement (Bad) et l’Agence française de développement (AFD) à hauteur de 40 millions de dollars chacun.
Hold-up des terres agricoles pour certains, véritable opportunité de développement pour les autres, l’achat des terres arables divisent experts, politiques et autres responsables associatifs. Mais qu’en est-il réellement sur le terrain ?
L’AFD a pris l’initiative d’étudier la création d’un fonds d’investissements capable de prendre des participations dans le capital d’entreprises responsables investissant dans l’agriculture africaine.
AFD has taken the initiative of studying the possibility of creating an investment fund. This fund would make equity investments in responsible companies that invest in African agriculture.
