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IFAD and Equity Group launched a $200 million blended-finance mechanism on 4 September to expand climate-adaptation finance for East African farmers. Equity Group will match concessional capital from its own balance sheet.

The 12-year mechanism aims to reach 260,000 smallholder producers and 500 rural enterprises in Kenya, Uganda, Tanzania and Rwanda. It is designed to widen access to investment for climate adaptation and finance for rural businesses.