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Announcement
03 Sep 20

Aceli Africa Launches as New Market Incentive Facility for Agricultural SMEs

Aceli Africa Launches as New Market Incentive Facility for Agricultural SMEs

In 2019, Convergence awarded a design funding grant to the Global Development Incubator (GDI) to establish a financing facility that uses targeted incentives to increase lending from local financial institutions and international lenders to agricultural SMEs.

Today, we are thrilled to see Aceli Africa launch as a new market incentive facility designed to mobilize USD 700 million in lending to agricultural SMEs by 2025, by aligning capital supply and demand.

Visit Aceli Africa to learn more.

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