Wellspring provided support to Agris – a diversified agricultural investment company – to refine the design and concepts of Agris’ forestry and agroforestry projects in Tanzania, South Sudan, DRC, Mozambique, and Malawi.
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Description
We prioritised technical assistance (TA) funder engagements based on best fit for TA needs, stage and capacity of the underlying business. We also completed: 1) Equatoria Teak Company capacity building proposals for their coffee alternative livelihood & diversification strategy to Nespresso and USAID Africa Trade and Investment programme; 2) Agris Equatoria Forestry NewCo pitch to FMO Mobilising Finance for Forests; 3) Business model benchmarking analysis for Wakulima Tea Company, and; 4) Proparco Fisea+ TA Facility funding application and facilitation of discussions.
Following our support the project secured €490k Proparco Fisea+ funding for Agris TA Facility intended to support Agris portfolio of agribusinesses in forestry, tea and horticulture to increase their business resilience and deepen the environmental and socio-economic impact of their activities (e.g. through jobs created, gender inclusion, increasing incomes and resilience of outgrower suppliers, and being climate-responsive).