Moringa will invest in scalable, replicable agroforestry projects in Sub-Saharan Africa and Latin America. The Fund will invest in projects that combine plantation forestry (producing biomass, fuel wood or timber) with agricultural elements (producing staple food crops for local markets and/or niche export crops) to capture most of the value chain. The Fund will also be associated with a grant-based Technical Assistance Facility.
The Moringa investment strategy is well aligned with the African Development Bank’s Ten-Year Strategy (2013-2022), focusing on inclusive green growth as the pathway to sustainable development and creating broad-based prosperity, as well as the Bank’s Climate Change Action Plan, which aims to make investments to reduce the continent’s vulnerability to climate change. This strategic fit should allow the Bank to provide a significant boost to Moringa’s operations via its high public profile, sector expertise and network across the African continent.
The Bank’s investment brings total commitments to Moringa to almost Euro 70 million and, as the first investor from the African continent in the fund, provides further validation of the fund’s African strategy and prospects as the fund enters the final fundraising phase.
