National Bank of Ethiopia mandates allocation of agricultural loans

ETHIOPIA – National Bank of Ethiopia has issued a directive to banks to allocate five percent of their annual loans to cooperatives, unions and small and micro enterprises in the agricultural sector beginning July 1, […]

Guinea-Bissau, IFAD launch US$65.7m project to promote climate resilient agriculture

Guinea-Bissau – The International Fund for Agricultural Development (IFAD) has partnered with the government of Guinea-Bissau to support the Agricultural Diversification, Integrated Markets, Nutrition and Climate Resilience Project (REDE) with an investment of US$65.7 million. […]

Ecobank partners with financial institutions to increase loans to farmers

NIGERIA – Ecobank Nigeria Limited has said that it is partnering with financial institutions in Nigeria to double the amount of credit it provides to the agricultural sector over the next two/three years. The financial […]

Agriculture enterprises to benefit from new USAID, Awash bank finance partnership

ETHIOPIA — The U.S. Agency for International Development (USAID) and Awash Bank have announced a new partnership that will make up to US$6.4 million in financing available to microfinance institutions and small- and medium-sized agricultural […]

Zimbabwe’s private, public sector collaborate in boosting grain production

ZIMBABWE – PHI Commodities, subsidiary of National Foods Limited has committed to fund over 20 000 hectares of both maize and wheat production under contract farming during the 2019/2020 summer cropping season. This is in […]

Ghana acquires US$188m loan facility for Agricultural mechanization

GHANA – The government of Ghana through the Ministry of Food and Agriculture has secured loan facilities of US$150m from India and US$33m from Brazil to enhance agro-processing in the country through purchase of machinery. […]

Co-op Bank Kenya, CFAO launch financing scheme for Agri-Machinery and Equipment

KENYA – Co-operative Bank, a commercial bank in Kenya has penned a joint scheme with CFAO Kenya Ltd formally known as Toyota Tsusho East Africa Ltd, to enable farmers and agricultural co-operative societies get up […]

AGCO partners with Equity Bank to bolster agriculture mechanization in Kenya

KENYA – AGCO, US-based agricultural equipment manufacturer has inked a deal with Equity Bank to enable farmer in Kenya acquire the firm’s Massey Ferguson tractors and accompanying implements via a 80 percent credit line payable […]