Partnership with the Moringa Agroforestry Fund
The CFC provided equity financing to the Moringa Agroforestry Fund (Moringa), which seeks to invest in agroforestry projects in Africa and Latin America. These projects are expected to compete commercially with drivers of deforestation such as cattle ranching, crop farming, and timber harvesting. At the same time, Moringa investments are required to demonstrate a clear positive impact on both the environment and the livelihoods of local populations. Moringa investments were complemented by a Technical Assistance (TA) Facility managed by the CFC; the TA Facility was closed effective 31 December 2024.
Through its investments, Moringa targets the creation of 8,000 new jobs, with an income effect on approximately 35,000 dependents. In addition, about 60,000 outgrowers are expected to be associated with Moringa’s commercial investments, generating a development impact on approximately 340,000 dependents.
Submitting Institution | Moringa Agroforestry Fund S.C.R. |
Location | Latin America/Africa |
Commodity | Miscellaneous |
Total Cost (Target Fund Size) | Euro 100,000,000 |
CFC Financing | USD 1,349,613 (Equity) |
Co-financing | Main other current investors: FMO, PROPARCO, Spanish Government (AECID) and Latin American Development Bank (CAF) |
Year of Implementation | 2015 |
SDGs
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