PFAN Supported CTCN Project in Mali
The Action Group for Modernisation of Agriculture (GAMA), in Southern Mali aims to improve farming stability in the face of increasing vulnerability of crop production due to climate change. A key piece of their strategy is to use renewable energy source for drying, processing and storage technologies for mangoes, potatoes and gombo. Used at sufficient scale, these technologies increase shelf life and availability of the product to the market, thereby increasing resilience to change and food security. The project has considerable potential to attract private sector financing, but the upfront investment constitutes the main obstacle, and investors are not convinced of its bankability.
This CTCN technical assistance is led by the Private Financing Advisory Network (PFAN) of the Climate Technology Initiative (CTI), in collaboration with Environment and Development Action in the Third World. PFAN and ENDA specialists have been working with GAMA to address the technical and financial barriers faced in implementing their ambitious project, as well as to showcase the bankability of such initiatives. This technical assistance includes providing recommendations on appropriate technology options; development of a business plan and cash flow model; an independent feasibility audit; training on investor negotiations; and facilitation of investor meetings. With this work in place, local stakeholders will gain the capacity to make a compelling case for investment from national or international financiers.
Please visit below links to see the summary and the project presentation.