Agricultural & Rural Finance News
Farmers default over N$500 million which is the highest ever.
The commercial farm loans ceased in 2016 due to financial maladministration.
The MoU comes as a financial instrument to increase farmers’ access to finance.
The partnership is aimed at boosting lending to SMEs through a Credit Guarantee Fund.
MFW4A convened a side-event on the margins of the AFRACA World Congress on Rural & Agricultural Finance in Dakar30.01.2017
“Managing Climate Risks in Africa’s Agriculture Sector through Insurance”
The solution offers digital financial services to small scale farmers.
The initiative will enable agric/SMEs access credit at single digit interest.
The insurance company wants to partner with the IFC and the government.
The theme of the conference was “Contribution of Agricultural and Agrifood Industries to sustainable Development: What role should Rural and Agricultural Finance play?”.
Extending financial services to rural areas will strengthen the economy