FASA (or “Financing for Agri-SMEs in Africa”) is a fund of funds which aims to unlock financing for agricultural Small and Medium Enterprises across Africa, by supporting investment funds that are active in the sector.

Our strategy:

Providing catalytic capital and technical assistance to investment funds, which will in turn empower businesses operating within agricultural value chains in Africa.

Investment strategy:

FASA supports both emerging and established fund managers raising funds across any asset class, currency or region, provided they focus on Africa’s agricultural sector. FASA’s capital is therefore channelled to agri-SMEs in Africa through the investment funds.

For each selected investment fund, FASA provides from $2M to $10M of subordinated capital, mainly in the form of junior equity, alongside capacity building and technical assistance. For the avoidance of doubt, FASA does not provide grants. In addition, FASA provides capacity building and technical assistance to the fund managers and their agri-SME portfolios.

Capital budgeted to be invested: $80 million

Target: 10 funds funded and 500 businesses funded through these funds.

Partners: CGIAR (agriculture and climate partner), donors: USAID, NORAD, FCDO, KOICA