Liberia Agricultural Commercialization Fund (LACF)

Enterprise Impacts Growth has formed a consortium with Deloitte and Touche for the implementation of Liberia Agriculture Commercialization Fund (LACF). EIG is the main sub-consultant to Deloitte, the lead consultant. Work executed on the project include the following.

• Review and finalise the draft LACF Manual already developed by the Project Implementation Unit.
• Identify and provide technical assistance to eligible and qualified agribusinesses with relevant and viable projects, which satisfy fund investment criteria for the project and structure and disburse investment funds.
• Work collaboratively with diverse groups operating with the selected value chains including but not limited to, the agribusiness community, farmer organisations, farmers cooperatives and the public sector to identify and fund investments along the selected agribusiness value chains.
• Provide technical assistance for investees as they design and grow out-grower schemes as well as other technical assistance relevant for the investees to better meet the needs of the out-growers.
• Raise additional capital for the LACF.
• Monitor and assess the implementation of each investee’s project to ensure efficient utilization of the funds disbursed, including services provided to smallholder farmers and the achievement of the expected targets (outputs and impacts).
• Evaluate the environmental risk and impact on supported projects and carry out annual environmental audits on selected agribusinesses and ensure investors comply with relevant national and international environmental regulations as well as best practices established by the Government of the Republic of Liberia and the STAR-P’s environmental and social framework as well as the Pest Management Plan.
• Present a plan to ensure that, before disbursing investments fund, investees comply with relevant laws and regulations surrounding landholding, with legitimate leasing and/or ownership rights and no actual or potential conflict with communities as well as a clear demonstration of responsible investments. This due diligence can be performed internally by the Fund Management team or outsourced to relevant institutions.
• Manage its budget and maintain the requisite staff and presence in Liberia.