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Changing Lives GAFSP Private Sector WindowSolutions for Helping Contents Foreword5The Challenge10Private Sector Solutions12Advisory Services14Inclusive Business & Gender16Protecting Farmers, Protecting Food: Insuring the Harvest Across Africa18The Role of the Private Sector Window in Advancing AgriConnect24In Zambia, a Training Program Is Planting the Seeds of Resilience28Closing the Gap34Raising Agricultural Productivity & Improving Climate Resilience36From Beans to Business: Scaling Nigeria’s Cocoa Industry38Blending Rigor & Purpose: A Conversation with GAFSP Private Sector Window Leadership44Increasing Nutritional Intake & Adoption of High-Yield and Innovative Technology48Expanding Consumer Choice in Uzbekistan’s Food Retail Sector50Improving Access to Finance56From Farm to Finance58 Foreword Building private sector opportunities in the world’s most Smallholder farmers sit at the heart of globalfood systems and are central to addressingsome of the most pressing challenges of ourtime. Yet many still face persistent barriers, creating jobs, and strengthening global foodsecurity—reflects a comprehensive approachthat closely aligns with the Private SectorWindow’s mandate. Within this broader The Global Agriculture and Food SecurityProgram (GAFSP) Private Sector Windowhelps address these challenges by mobilizingprivate investment in agribusinesses that arevital to rural economies but often struggle to The stories in these pages bring that approachto life. In Tanzania, innovative financing isunlocking growth across agricultural valuechains; in Nigeria, patient capital is boostingcocoa processing, creating jobs and retainingmore value locally; and across Africa, Pula’s Across dozens of countries, GAFSP PrivateSector Window-supported projects arestrengthening value chains and expandingaccess to markets, finance, insurance, and Since its launch in 2011, the GAFSP PrivateSector Window, in collaboration withthe International Finance Corporation(IFC), has approved investments totaling$593 million to support 102 agribusiness This year’s edition ofChanging Lives, ouraward-winning publication, comes at amoment of renewed momentum. The The portfolio remains strongly focused with nearly 70% of financing in Africa andmore than a quarter of investment volumein fragile and conflict-affected settings.Development results are substantial: PrivateSector Window-supported investments As global food systems continue to faceunprecedented pressures, collaboration andscale matter more than ever. By aligningthe Private Sector Window’s targetedinvestments with AgriConnect, we arebetter positioned to turn innovation into Working together with our donor partners—the governments of Australia, Canada, Japan,the Netherlands, the United Kingdom, andthe United States—we continue to accelerate With the continued support of our partners,we are building stronger rural economies and Vally Khamisani Principal Investment Officer Working together with our donor partners—the governments of Australia,Canada, Japan, the Netherlands, the United Kingdom, and the United Smallholder farmers face big challengesalong the way from farm to market Every $1 of PrivateSector Window fundingleverages an estimated The Challenge Seventy-five percent of the world’s poor live in rural areas, toiling on tinyplots of land that yield barely enough to support their family’s basic needs For many of these rural citizens, agriculturehas the greatest potential to lift them outof poverty—proving two to four times moreeffective in raising incomes among the It is a vicious cycle that keeps many of themmired in perpetual poverty: forced to sellcrops at a time when prices are low, andforced to buy food and inputs at a time Even if they have land to farm, manysmallholder farmers, particularly women, lackaccess to proper agricultural inputs, including These smallholders are the people theGAFSP Private Sector Window aims tohelp. By harnessing the private sector as anengine of growth and development, we can Shut out from traditional forms of banking,these farmers have little access to formalfinancing. At harvest time, with no credit,they are unable to store their crops in reliable Given the right enabling conditions andprivate sector support, these farmers can Private Sector Solutions Supporting agribusiness and agri-finance projects that commercialinvestors deem too risky is what the GAFSP Private Sector Window doesbest. We invest across the entire food supply chain: farm inputs, logistics,storage, processing, and financing. Across these investments, our work We use blended finance solutions andIFC’s expertise and knowledge to supportprojects in the agricultural sector thatmay not attract commercial funding dueto perceived high risks. Private SectorWindow funding is co-invested alongsideIFC funding while also offering lessdemanding terms. This allows us to invest The Private Sector Window has approved$593 million in 102 agribusiness investment In add