Commitment to Action

Africa Partnership Fund

Commitment by

JPMorgan Chase & Co., The Rockefeller Foundation, United States Agency for International Development

In 2011, through a combination of equity, debt, guarantee, and technical assistance, J.P. Morgan, the Bill and Melinda Gates Foundation, the Rockefeller Foundation, the Gatsby Charitable Foundation, and USAID committed to inject patient capital into the African Agricultural Capital Fund (AAC). AAC, managed by Pearl Capital Partners, will invest $25 million in small and medium agricultural enterprises throughout East Africa. Through this commitment, over a 12-year period, investments and technical assistance will be offered to approximately 20 SME agribusinesses. For the first time, social impact investors together with the U.S. Government will leverage comparative advantages to stimulate private sector led growth among agriculture businesses in Africa.

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Overview
Summary

Commitment

Africa Partnership Fund

Launched

2011

Est. Duration

12 years

Estimated Total Value

$28,000,000

Region

Africa

Countries

KENYA, Tanzania, UGANDA

Commitment by

JPMorgan Chase & Co., The Rockefeller Foundation, United States Agency for International Development

Partner(s) of the Commitment Maker(s)

Bill & Melinda Gates Foundation, The Gatsby Charitable Foundation