The Africa Agriculture Trade and Investment Fund (AATIF) is a public-private partnership that we manage. At the end of 2012, the fund encompassed total assets of 135 million dollars US – including participation of private investors. The goal of the AATIF is to improve the productive efficiency of the agricultural sector in Africa so that the people working in agriculture benefit. In addition, the objectives are to boost incomes in the agricultural sector, increase food security, and improve the competitiveness of local companies.
Low-income countries are largely still exporters of raw materials rather than creating value at a local level. In the African agricultural sector, there are numerous obstacles to overcome, but the sector has huge potential for reducing poverty and contributing towards improved food security. Therefore, the AATIF emphasises generating alternative investments along the entire agricultural value chain.
AATIF was founded by the KfW Development Bank and Deutsche Bank on behalf of the Federal Ministry of Economic Co-operation and Development (BMZ) of Germany. Initial investors were Deutsche Bank, BMZ and KfW.