Featured Photo: Supporting more bountiful harvests worldwide
This Thanksgiving, we showcase one of the many projects OPIC supports to help increase food production and improve the livelihoods of small farmers in Sub-Saharan Africa.
Agriculture is central to Senegal’s economy and is the country’s main source of employment. Many of farmers in Senegal and throughout Africa are smallholder farmers, often women, who produce crops like rice, onions, tomatoes, sweet potatoes, mangos and cashews. Working on small parcels of land that are often less than four acres, they often lack modern equipment or even basic tractors, and have no structured system for storing and transporting food.
OPIC financing to Aventura Investment Partners is helping provide smallholder farmers in Senegal with equipment and other value chain services, such as tractors, combine harvesters and cold storage facilities to help many of them double production, improve yields, and provide more income for their families.
“When I first traveled to Senegal, I realized that investing in food value chain services for smallholder farmers was key to addressing poverty in rural West Africa,” said Aventura founder Dawn Hines.
Learn more: Women supporting women