DFCD signs agreement with seed company to build farmers’ climate resilience in Zambia
DFCD signs origination funding agreement with Steward Globe Ltd.
On Friday, 17 February 2023, SNV’s DFCD (Dutch Fund for Climate and Development) team signed a funding agreement with Steward Globe Ltd (SGL), an emerging seed company, to build farmers’ climate resilience in Zambia.
The DFCD origination grant funding provided is € 308,862. Following the agreement, the DFCD will support SGL by providing climate-resilient seeds and extension services. In addition, the company will use the funds to carry out market research, train approximately 700 new smallholder farmers in Climate Smart Agriculture (CSA) practices and conduct Gender Equality and Social Inclusive Studies.
The Company SGL commits € 150,477 to the project. The signing event was carried out by Mrs Stephanie Angomwile, CEO of SGL and Mrs Lucy Fulgence, Country Director SNV Zambia, and was witnessed by staff from both organisations.
Signing of the agreement
SNV and and Stewart Global team
About the DFCD
The Dutch Fund for Climate and Development (DFCD) enables private sector investment in projects aimed at climate adaptation and mitigation in developing countries. The Dutch Ministry of Foreign Affairs has made € 160 million available to increase the resilience of communities and ecosystems most vulnerable to climate change.
The DFCD is managed by a pioneering consortium of Climate Fund Managers (CFM), the World Wide Fund for Nature Netherlands (WWF-NL) and SNV Netherlands Development Organisation, led by the Dutch Entrepreneurial Development Bank, FMO.
The DFCD forms an important additional instrument for the Dutch government’s efforts in contributing to the Paris Agreement and the Sustainable Development Goals (SDGs).
Stewards Globe Limited
Stewards Globe Limited is an emerging seed company with an edge to provide solutions to smallholder agricultural productivity with improved cereals, legumes seed varieties and technological transfer. The company aims to increase food security and incomes of smallholder farming communities in Zambia which account for 90% of agricultural output and those beyond our frontiers.
For more information
For more information on this programme, please contact Albert Bokkestijn at abokkestijn@snv.org.