On Tuesday at the Africa Food Systems Forum in Dar es Salaam, Tanzania, USAID Deputy Administrator Isobel Coleman and Assistant to the Administrator for the Bureau for Resilience and Food Security Dina Esposito announced new investments to support inclusive and resilient food systems in Africa, including $15 million to provide targeted support to women, smallholder farmers, and small- and medium-sized businesses in food systems across the continent.
In partnership with the Global Alliance for Improved Nutrition (GAIN) and Incofin Investment Management, the USAID Deputy Administrator Isobel Coleman and Assistant to the Administrator for the Bureau for Resilience and Food Security Dina Esposito announced the $6 million investment, in the Nutritious Foods Financing Facility (N3F). © GAIN
These investments are part of the supplemental funds deployed by the U.S. government through Feed the Future, a whole-of-government initiative to address food insecurity and fertilizer price spikes in Africa.
Investing in Nutrition
In partnership with the Global Alliance for Improved Nutrition (GAIN) and Incofin Investment Management, the USAID Deputy Administrator Isobel Coleman and Assistant to the Administrator for the Bureau for Resilience and Food Security Dina Esposito announced the $6 million investment, in the Nutritious Foods Financing Facility (N3F).
This announcement came at the first day of the Africa Food System Summit taking place in Dar es Salam this week.
First of its kind, N3F is an investment fund focused explicitly on improving diet quality and nutrition in sub-Saharan Africa through financing to small- and medium-enterprises involved in the provision of affordable, safe, and nutritious local food.
Lawrence Haddad, GAIN's Executive Director said "The support of USAID has been a game changer in developing the N3F initiative, which is about supporting the African entrepreneurs who are best placed to increase the supply of nutritious and safe foods to families and communities".