For more than 30 years, CFC has financed development projects. The multi-country dimension of the project financing mechanism and commodity initiatives undertaken by the Fund and its partners has proven to be the most suitable approach to improve overall problems and challenges in commodity sector in Member-Countries.
Replicable project outcomes and dissemination products mainly address issues such as: market access and development; agro-processing; product competitiveness; infrastructure; marketing and access to finance, among other related activities within the commodity sector.
The CFC has funded projects in over 40 different types ofcommodities and in partnership with Investment Funds orEquity financing etc. The commodities funded includesabaca, arachis, bamboo & rattan, bananas, cashew,cassava, castor seeds, citrus, cocoa, coconut, coffee, coir, copper, cotton, fish, fonio, groundnuts, gum arabic, hides & skins, jute, lead, maize, meat and livestock, medicinal herbs and plants, olive, palm oil, paprika, potatoes, rice, natural rubber, shea nut, sisal, sorghum & millet, soybean, cane sugar, tea, timber, tropical fruits, spices and zinc, most of which are produced almost entirely in Developing Countries and in partnership with investment Funds among which are: Africa Agriculture & Trade Investment Fund (AATIF), African Agriculture SME Fund, Eco Enterprise Funds, Moringa Agro-forestry Fund, SME Impact Fund and agRIF Coopertief U.A.
The Common Fund for Commodities’ Technical Assistance (TA) Facility team partners with impact-oriented investment funds in the agricultural commodities sector to leverage the development impact and commercial sustainability of their investments into agribusinesses across Africa and Latin America. The TA Facility team comprises staff with expertise in tropical agriculture, agroecology, agroforestry, project management, impact assessment and environmental, social and governance (ESG) risk management. The TA Facility team is supported by CFC financial and administrative staff. By leveraging this expertise, the TA Facility team aims to improve the operational capacity and profitability of the targeted agribusinesses and partner institutions as well as increase the developmental impact in the sectors and communities these businesses operate. This is achieved by providing expert consultancy and capacity development support and ensuring knowledge dissemination on agriculture and agri-finance with a specific focus on smallholder supply chains and sourcing models.
Impact is at the core of the CFC. As an impact investmentfund dedicated to alleviation of poverty, CFC iscommitted to create positive impacts under all circumstances.Our mission is to work out an impact whichis measurable using impact weighted matrix. As animpact investor, we work around a core set of beliefsand principleswhich only got revalidated due to widespreadCOVID-19 related devastations. During COVID-19, not everyone is affected in the same way. Poor,women, and youth proved to be far more vulnerablethan others. SMEs and smallholders in the developingworld were found to be most affected.
Operating as an impact investor, the CFC, which financesthe communities which found to be more vulnerable and assuch most affected, came to experience that if there were aright moment to make more interventions and accompanyinginvestments in the developing world, this is the time.