AFC signed 4 contracts for implementation of Green Innovation Centres with a total contract volume of EUR 11.3 million
AFC´s department Agriculture & Agribusiness focussed on the Special Initiative One World – No Hunger (SEWOH) initiated by the German Federal Ministry for Economic Cooperation and Development (BMZ). An essential component of this initiative is the establishment of Green Innovation Centres in thirteen countries. These centres intend to raise the income of farmers and to foster employment by promoting processing and value addition in producer countries, thereby contributing to food security. For us this initiative is quite important as it relates to our key competences.
GIZ has tendered out the implementation of Green Innovation Centres in six countries. We managed to win three projects located in India, Nigeria and Ghana. Furthermore, we got a direct contract in Mali. The total contract volume amounts to EUR 11.3 million.
Private companies from the agricultural machinery and input supply sectors cooperate with the Green Innovation Centres. Together with our partner DLG International we already established a fruitful relationship with a number of private companies. One example is the establishment of demonstration farms financed by the German Federal Ministry of Food and Agriculture (BMEL). We refer to our ongoing projects in Zambia, Morocco, PR China and Mongolia.
One of our next objectives will be the implementation of accompanying measures in agricultural finance on behalf of the KfW Development Bank.