Agricultural & Rural Finance News

Côte d’Ivoire: index insurance soon to be experimented


 | Source: Financial Afrik

Index insurance will soon be a reality in Côte d’Ivoire.

Namibia: Agribank Offers Collateral-Free Loans to Farmers


 | Source: New Era; All Africa

Agribank CEO Sakaria Nghikembua says that looking at the agricultural bank's loan book it is quite clear there is a lot that Agribank needs to do for all farmers in the country, more specifically for farmers in communal areas and specifically the northern communal areas (NCAs).

Senegal: Government urges local banks to further support agriculture sector and SME


 | Source: Ecofin Agency

Senegalese local banks were asked to provide more funding to SMEs and agricultural marketing campaigns.

Nigeria: CBN to Roll Out Five Per Cent Interest Loan for Farmers


 | Source: The Guardian; All Africa

The Central Bank of Nigeria (CBN) said it would soon release more funds at not more than five per cent interest rate for farmers to acquire agriculture equipment, to enhance their productivity. Governor of the apex bank, Godwin Emefiele, stated this yesterday, during the official commissioning of the MITROS Rice processing factory and formal launch of the rice, in Abeokuta, Ogun State.

Senegal : a parametric insurance product for the cotton sector created by FINACTU, CNASS and BOAD


 | Source: Ecofin Agency

In Senegal, FINACTU assists the National Agricultural Insurance Company of Senegal (CNAAS) in the creation and launching of a parametric insurance product for the cotton sector at the national level against climate risks, with the support of the West African Development Bank(BOAD).

Nigeria: 200 Farmers Get N43bn From CBN's Anchor Borrowers Loans


 | Source: This Day; All Africa

Over 200,000 small holding farmers in 29 states of the country, cultivating eight different commodities have gotten N43 billion so far disbursed by the Central Bank of Nigeria (CBN) under its Anchor Borrowers' Programme (ABP) which was launched in November 2015, Governor of CBN, Mr. Godwin Emefiele, has disclosed.

Ethiopia: Agro-Pastoral Community to Benefit From Livestock Insurance


 | Source: Namibia Economist; All Africa

Nyala Insurance Company in collaboration with Omo Micro Finance and donors has launched indemnity based livestock insurance service in Southern Omo Zone.

Kenya: Insurers Pay Out Millions to Herders Affected By Drought


 | Source: Daily Nation; All Africa

The recent drought will see a consortium of insurers pay livestock farmers in semi-arid regions millions more after the initial payment in February.

Tanzania: Bank Allocates Fund to Irrigation Projects


 | Source: Tanzania Daily News; All Africa

Tanzania Agricultural Development Bank (TADB) yesterday pledged to allocate fund to support irrigation farming with the purpose of facilitating attainment of sustainable food self-sufficiency in the country.

Zimbabwe: Dairy Sector, Banks in Funding Talks


 | Source: Zimbabwe Independent; All Africa

The Zimbabwe Association of Dairy Farmers (ZADF) has engaged the banking sector in efforts to secure funding for the industry.

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