The Agricultural Finance Stakeholder Working Group (AFSWG) was inaugurated on 22-23 November 2011 in Nairobi, Kenya and is a joint initiative of MFW4A and the African Rural and Agricultural Credit Association (AFRACA) to support the implementation of the Kampala principles (http://www.mfw4a.org/zippingfinance/kampala-principles.html) and thereby the ambitious goals of the AU/NEPAD championed Comprehensive Africa Agriculture Development Programme (CAADP). The working group will also harness the momentum created at the G-20 level to enhance the financial sector support to agriculture. AFSWG has three main work streams: Borrowing and Lending, Knowledge Management and Capacity Building, and Institutional Development.
Representatives of more than twenty (20) institutions are currently involved in the activities.
Business Meeting: Financial institutions supporting the agriculture sector often lack adequate technical and financial resources to meet the demand for medium and long term funding to agricultural producers. Two (2) meetings were held in Kigali, Rwanda (July 2012) and during the MFW4A Partnership Forum in Dakar, Senegal (June 2014). Agricultural finance institutions were presented opportunities mostly from Development Partners (e.g. AFD, EIB, IFC and DCA/USAID) that could be leveraged to raise term finance for agricultural projects in Africa.
Research: A study was commissioned with GIZ funding to review the status of agricultural finance policy coordination across Africa based on case studies of five countries (Burkina Faso, Ethiopia, Ghana, Morocco and Zambia). The Synthesis Report "Agricultural Finance Policy Coordination in Africa" will serve to drive future advocacy activities.
Chair: Union Bank, Nigeria
Vice-chair: Crédit Agricole, Senegal