Home Breaking News The CFC at Africa Day 2022

The CFC at Africa Day 2022

H.E. Mr. Sheikh Mohammed Belal

In a rare display of praise and acknowledgement of the sincere but innovative work of an international organization, the Dean of African Ambassadors in The Hague, H.E. Irene Kasyanju, Ambassador of Tanzania to the Netherlands, congratulated Ambassador Sheikh Mohammed Belal, Managing Director of the Common Fund for Commodities (CFC), for their excellent work for the smallholders and SMEs in Africa and beyond.

Ambassador Irene in her Africa Day 2022 welcome address stated that “For us in the Netherlands, Institutions such as Common Fund for Commodities (CFC) can play a significant role in relieving Africa from nutrition insecurity because CFC focuses on strengthening agro-food systems through investing in African Small Holders and Small and Medium Enterprises. Our production systems must change and encourage value addition practices to our commodities and minerals and generate real value to boost income for people. We need to invest in food fortification and promote the consumption of nutrients rich food”.

Over its 33 years of existence, the CFC has provided financing for around 440 projects in the total value of USD 798 million in more than 90 countries. The CFC currently operates as an impact investment fund, blending its own financial resources with those of public and international partners to support commodity sector development projects.

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