Africa: AfDB commits USD 40 million in the African agriculture fund

The private sector window of the African Development Bank (AfDB) Group received, on 19 May 2010, board approval for a USD 40 million equity investment in the African Agriculture Fund (AAF), a private-equity fund designed to respond to the food crisis that severely impacted the continent in 2008 in the wake of escalating food prices and staple export bans.