DevPact conducted an endline appraisal of the Africa Agriculture and Trade Investment Fund (AATIF)’s investment in BancABC, a financial institution in Zimbabwe
The Africa Agriculture and Trade Investment Fund (AATIF) is an innovative public-private partnership dedicated to realise the potential of Africa's agricultural production, manufacturing, service provision and trade for the benefit of the poor. AATIF investments foster agricultural value chain enhancement and thereby contribute significantly to the business growth of African farmers and subsequently to a reduction of poverty. To accomplish this objective, AATIF prioritizes investments which have a distinct approach and the ability to improve food security, create employment and boost local incomes. Within AATIF’s mandate, the Fund provides finance directly to farming businesses or indirectly through intermediary companies or through financial institutions. DevPact was commissioned by AATIF to conduct an endline appraisal of AATIF’s investment in BancABC. For the appraisal, DevPact analysed the agricultural strategy and agricultural loan portfolio expansion of the bank during the AATIF investment period, assessed the strategic, operational, and human resources (capacities, number of staff, new staff) implications of these changes within the bank, and analysed how the changes in the bank were reflected in the agricultural sub-loan clients. DevPact also performed an analysis specifically of the financing provided by the bank to smallholder farmers supplying sugar cane mills in the low-veld area of the country (Chiredzi, Hippo Valley and Triangle), which included, among others, changes in production, mechanisation and income levels of these smallholder farmers
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