Results

Over the last ten years BAGC has forged new partnerships, created effective programs and implemented new projects that have supported investors and boosted financial gains for smallholders. Some of BAGC’s results and impact include the following:

Catalytic Fund

Access to affordable finance, especially to fund irrigation systems and inputs, is the main constraint preventing farmers from moving away from subsistence towards commercial agriculture. The BAGC has since 2010 been financing startup agribusinesses through a BAGC Catalytic Fund. The Catalytic Fund is a social venture capital fund which supports early-stage businesses, helping to ‘kick start’ commercially-viable agriculture. The BAGC Catalytic Fund is a success in terms of building, expanding and/or transforming at least fourteen commercially sustainable and socially responsible agri-businesses in Manica. The impact of this goes beyond the jobs created and income generated by these investees, as the investments reduced the risks for banks to lend to selected agri-businesses. Some of the successful agribusiness that benefited from the Fund include ECA, Phoenix Seeds,  Moz-Agri, Montesco, RDI, Mozambique Honey Company, Tsetsera,  Guita Chickens Limitada and So Soja. 

Smalholders Innovative Facility

The Facility has disbursed some US$ 2.5 million in grants since 2011 to some 30 small businesses. The impact of the provision of finance has helped boost a vibrant and commercially focused network of agribusinesses that are leading the way in a new entrepreneurial spirit within the corridor.  The investments were made in the following thematic areas:

  • Private sector Outgrower schemes involving smallholder farmers
  • Institutional development of farmers organisations
  • Development of Agricultural training institutions
  • Technology development

Sustainable Irrigation Programme 

BAGC managed the World Bank’s PROIRRI programme working with some 1,200 farmers on 19 irrigation schemes in Sofala and Manica provinces. The BAGC was responsible for identification irrigation sites, detailed design of schemes and supervising the construction of the irrigation schemes. The support included the training in better crop management practices and creating effective market access of farmer production (mainly vegetables, rice and sugar cane)