Agricultural & Rural Finance News

Egypte: l’Agence de développement des PME veut mobiliser entre 200 et 300 millions d’euros pour soutenir les micro-entreprises


 | Source: Agence Ecofin

L’Agence de Développement des micros, petites et moyennes entreprises d’Egypte (Micro, Small and Medium Enterprises Development Agency (MSME) a entamé des négociations avec des institutions financières étrangères pour obtenir entre 200 et 300 millions $ afin de soutenir les banques qui accordent des fonds aux micro-entreprises.

KCB targets 2 million farmers in Kenya and Rwanda under MobiGrow, in the next 5 years


 | Source: Ecofin Agency

Kenya Commercial Bank (KCB) recently launched a new credit granting scheme called “MobiGrow” to ensure a better access to financing for Kenyan and Rwandan farmers.

Egypt: Nibulon to invest $2 billion in agricultural value chain


 | Source: Ecofin Agency

Ukrainian grain trader Nibulon announced it will invest $2 billion in Egypt to develop seeds’ storage and conservation infrastructure.

Tanzania: Agriculture Bank Issues Sh1.23bn to Farmers


 | Source: The Citizen; AllAfrica

The Tanzania Agricultural Development Bank (TADB) has issued loans amounting to Sh1.23 billion to the Ngara Farmers Association for buying 20,000 tonnes of coffee during this season.

Burkina Faso: German bank KFW supports the water sector


 | Source: FinancialAfrik

KFW, the German development bank, has signed with Burkina, a financing agreement of 4.6 billion CFA francs for water and sanitation sector budget support.


Tanzania: JPM Promises to Support Banks' Rural Expansion


 | Source: The Citizen; All Africa

President Dr John Pombe Magufuli has promised to support commercial banks in their efforts to improve and expand delivery of financial services in Tanzania.

Zimbabwe: Agribank Offers Loans On 99-Year Leases


 | Source: The Herald; All Africa

Agribank has set aside a minimum of $105 million for the 2018-2019 cropping season, which would be extended to farmers on the basis of collateral and 99-year leases.

Egyptian Agricultural Bank to invest in Côte d’Ivoire and Kenya’s agriculture sectors


 | Source: Ecofin Agency

Egyptian Agricultural Bank (EAB), a financial institution that provides farmers with banking services, intends to expand activities out of Egypt. For the time being, the bank eyes Côte d’Ivoire and Kenya.

Nigeria: Keystone Bank Partners Nipost On Rural Banking Services


 | Source: The Guardian; All Africa

Keystone Bank has entered into partnership with the Nigeria Postal Service (NIPOST) and i-OneC through leveraging of data to improve its product offerings.

Nigeria: CBN's Tech Strategy for 'Anchor Borrowers', Cleaner Notes


 | Source: The Guardian - All Africa

The Central Bank of Nigeria (CBN) has introduced technology to guide input distribution of farmers under it Anchor Borrowers Programme.

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