Agricultural & Rural Finance News

Uganda Gets Shs652 Billion for Rural Agriculture Financing


 | Source: The Monitor; All Africa

The International Fund for Agriculture Development (IFAD) announced that Uganda had been allocated $168 million aimed at enabling rural farmers to access long term loans for agricultural practice.

Tanzania: You Are Yourself to Blame, JPM Tells Commercial Banks


 | Source: Tanzania Daily News; All Africa

Three banks have over 50 per cent of non-performing loan ratio in this year's quarter one as banks loan repayment default rate have soared to record high.

Zimbabwe: $90m Package for SMEs Unveiled


 | Source: The Herald; All Africa

This comes as Government enhances efforts to stimulate economic growth through small to medium enterprises.

Namibia: Agribank Launches Collateral-Free Loan


 | Source: New Era; All Africa

Namibian Agribank has launched a collateral-free loan and other financial products to broaden finance access to communal farmers.

Sudan's Agricultural Bank Signs Agreements With US Companies


 | Source: Radio Dabanga (Amsterdam); All Africa

The agreements with major American companies are in the fields of axial irrigation, irrigation pumps, silos, solar energy, and water technology.

Agric Bank launches first mobile banking solution in Mali


"BNDA Mobile" is the first mobile solution in Mali that allows customers to carry out mobile banking operations.

Namibia: High default rate threatens Agribank sustainability


Farmers default over N$500 million which is the highest ever.

Ethiopia: DBE recommences commercial farm loans


The commercial farm loans ceased in 2016 due to financial maladministration.

Liberia: Afriland First Bank, USAID sign MoU


The MoU comes as a financial instrument to increase farmers’ access to finance.

Tanzania: PASS, Bank partner on credit issuance


The partnership is aimed at boosting lending to SMEs through a Credit Guarantee Fund.

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