New Fund for Emerging Farmers

The department of agriculture (DoA) has entered into a partnership with Khula Enterprise Finance to extend financial services to emerging farmers and agri-businesses.

This follows the signing of an agreement in Pretoria this week by Department of Agriculture director general Njabulo Nduli and Kuhla Enterprise Finance managing director, Xola Sithole, which will see the establishment of the Khula-Mafisa Fund.

The Khula-Mafisa Fund will provide portfolio indemnity to financial institutions that provide production loans to emerging black farmers within the Khula-Mafisa target market.

To read the articled titled, “Funding boost for emerging farmers,” click here.