Connexus recently circulated our quarterly newsletter for Summer 2020! Click on the link below to view the newsletter and learn more about Connexus’ first USAID prime contract and see how Connexus is working to support businesses that have been negatively impacted by COVID-19 in Tunisia and throughout West Africa.
We are excited to announce that Connexus Corporation was recently awarded its first prime contract for the Feed the Future Senegal Nafoore Warsaaji (Gardens of Abundance) Activity. This 3-year, $2.9 million activity funded by USAID as part of Feed the Future, the U.S. Government’s global hunger and food security initiative, kicked off startup activities in Senegal on March 11, 2020.
The activity will employ market-based approaches to link Senegalese vegetable and fruit farmers with market information and proven technologies. In particular, Connexus will collaborate closely with NCBA CLUSA’s Feed the Future Senegal Kawolor Project to link women farmers to an array of value chain actors including input suppliers, Last Mile Entrepreneurs (LMEs), off-takers, transporters, and buyers by fostering creative partnerships and providing innovative finance products across the horticultural value chain.
Connexus anticipates that by the end of three years, 20,000 farmers will benefit from new technologies that will enable a 50% increase in smallholder gross margins, substantial increases in horticultural sales and significant increases in private sector investment in Senegal’s horticulture value chains. Connexus’ work will foster better organized horticulture value chains with increased access to finance, enhanced technical assistance, improved adoption of technology by growers, and structured deals between end-market buyers and growers.
While Connexus is currently in the early start-up phase of the project, be sure to check out our Twitter and Facebook pages for more regular updates as the activity progresses!
About Feed the Future: Feed the Future is the U.S. Government’s global hunger and food security initiative. With a focus on smallholder farmers, particularly women, Feed the Future supports partner countries in developing their agriculture sectors to spur economic growth and trade that increase incomes and reduce hunger, poverty and undernutrition. For more information, visit www.feedthefuture.gov.
This publication was made possible through support provided by Feed the Future through the U.S. Agency for International Development, under terms of Contract No. 72068520C00001. The Opinions expressed herein are those if the author(s) and do not necessarily reflect the views of the U.S. Agency for International Development
To read more about Connexus’ work with Creative Associates on the USAID West Africa Trade and Investment Hub, Connexus’ recent success in Tunisia, and to view the complete 2019 Cracking the Nut publication, check out Connexus’ Newsletter for the Spring of 2020!
To subscribe to Connexus’ newsletter, click the following link: Quarterly Newsletter Subscriptions
While partnering with CNFA in Nigeria for the Feed the Future Nigeria Agribusiness Investment Activity, Connexus recently supported Babban Gona, a Nigerian agricultural social enterprise, which provides essential services to farmers, including agricultural input services, capacity building for farmer groups, increased market access, and financial services. Connexus helped facilitate $18M in new financing (equity and debt) for Babban Gona, which the organization will use to increase their current storage capacity and grow the number of locations and outgrowers working with Babban Gona.
To learn more about Connexus’ work with Babban Gona in Nigeria, check out this article from CNFA “Providing Access to Finance in Nigeria: The Babban Gona Story.” You can also read more about the overview, methodology and approach of the Feed the Future Nigeria Agribusiness Investment Activity by following this link!
In Tunisia, Connexus serves as a subcontractor to Chemonics on the USAID/Tunisia Business Reform and Competitiveness II Project (BRCP II), which looks to work with private sector firms to identify and overcome business constraints to make them more competitive, generate an increased demand for their products and services, and lead to job creation.
Connexus is providing both long and short-term support, including a long-term Finance Specialist who will lead Connexus’ activities on the project. Connexus’ role will be to lead the project’s objectives for SME access to finance, provide training and technical assistance to financial institutions to improve lending processes to SMEs, assist client firms to increase their capabilities to access loans.
As part of the Linking Infrastructure, Finance and Farms to Cashew (LIFFT Cashew) project, funded by the U.S. Department of Agriculture Foreign Agriculture Service (USDA FAS) and led by Shelter For Life, Connexus plays a leading role in facilitating access to agricultural finance, investment, and marketing as needed to strengthen the cashew-growing regions of Senegal, The Gambia, and Guinea Bissau. The six-year project aims to increase the volume and profitability of cashew processors, improve bargaining power of smallholder cashew producers, create jobs, especially for women and youth, facilitate outside investment, and strengthen the regional competitiveness of the cashew value chain.
In May 2018, Connexus’ President, Anita Campion, and Project Associate, Liuben Chipev, adapted the two-day training, “Developing and Financing Agricultural Value Chains” to the needs of the LIFFT-Cashew project, including integration of recent market information related to the cashew value chains in The Gambia (in English) and Senegal (in French). The Connexus team first conducted the training in Banjul, Gambia, and then again the following week in Ziguinchor, Senegal.
50 representatives from several financial institutions attended the successful training, helping them to understand many of the constraints in the cashew value chain, useful tools for how to finance agricultural value chains, and how their collaboration with the LIFFT project could help unlock new market opportunities for value chain actors in West Africa. While in each country, the international team took the opportunity to visit local cashew processors to gain a better understanding of the business model and related costs, to integrate into case studies in preparation for future trainings.