The facility will provide fresh capital for agricultural supply chains and working capital needs across the continent.
The move comes as the conflict involving Iran, Israel and the United States has disrupted shipments through the Strait of Hormuz since late February, exposing vulnerabilities for India as the world’s most populous country, the second-largest fertilizer consumer, and a major agricultural producer.
Russia increased its agricultural exports to Africa sharply in the first half of 2026, with wheat accounting for more than 90% of shipments to the continent.
The agreement gives ICRISAT access to gene editing technology that will support faster development of stronger crop varieties for farmers across Asia and Africa.
The new partnership aims to help more farmers access improved rice technologies as Africa works to reduce its dependence on imports.