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Archive | 2012

Africa: UN Official Calls for Boost to Smallholder Farming

The African Green Revolution Forum held earlier this year in Arusha, Tanzania, aimed to put smallholder farmers at the center of the conversation about improving agricultural productivity in Africa. AllAfrica’s Samantha Nkirote McKenzie spoke to Maria Helena Semedo, the Food and Agriculture Organisation’s assistant director-general and regional representative for Africa, to discuss her views on […]

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Africa:The AfDB grants a ?229 million line of credit to FirstRand Bank to finance SMEs

The African Development Bank (AfDB) has granted a line of credit of $ 300 million (?229 million) to FirstRand Bank Limited to finance SME projects in local currencies across Africa. The line of credit will be drawn in multiple African currencies including the Nigerian Naira, the Kenyan Shilling, the Zambian Kwacha, the Ghanaian Cedi, the […]

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Aga Khan Agency for Microfinance

In East Africa, AKAM?s primary objective is to provide loans to microenterprises and small businesses for income generating activities such as small-scale agriculture, fishing, artistic activities and retail. AKAM?s East African institutions had about 3,918 beneficiaries in 2010, with 46 percent of the beneficiaries being women. The value of outstanding loans surpassed US$ 605,000.

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Mobile Money Agents to Help Tanzania Up Banking

Tanzania is expected to embark on utilizing the ubiquitous mobile money agents as conduits for opening and operating basic banking services and avoiding expenses over single dependence on branch network expansion. The progress comes at a time as some of the mobile telecom operators have started easing ways to enable customers to access cash through […]

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Why Africa?s agribusiness sector holds potential for private equity

The African Agriculture Fund (AAF), managed by private equity fund manager Phatisa, provides equity funding to companies operating in the food production value chain in sub-Saharan Africa. It has recently concluded an agreement to invest up to US$10.5 million in the DRC?s Feronia, an agricultural company that specialises in palm oil production with three plantations […]

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Webinar | Introducing USAID’s Agricultural Lending Toolkit

USAID has developed a toolkit that will help enhance the capacity of commercial banks and other financial institutions to finance agriculture.?It provides guidance on exploring market potential and helps lenders put in place the products, marketing, underwriting, and risk management systems needed to succeed.?Lawrence Camp, Division Chief with USAID?s Economic Growth, Education, and Environment Division […]

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Modern methods of agriculture can help transform Africa?s development

In many African countries, food security remains a great concern. To increase food production, several factors need to be considered. One, we must focus on agriculture as a business. Agriculture shouldn?t be taken as a mere occupation. Secondly, we must improve the quality of our agriculture by increasing value addition so that the sector attracts […]

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Namibia: Financial Literacy Campaign Launched

The Financial Literacy Initiative (FLI), an initiative aimed at enhancing financial prudence among individuals and micro, small and medium sized enterprises was launched in Katima Mulilo, Namibia last week. The initiative themed “be wise” is a public-private partnership that strives to address the needs associated with financial literacy and consumer protection in a coordinated effort. […]

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Kenya: M-Shwari platform set to shake up small loans market

Safaricom subscribers can now operate mobile-based savings accounts, earn interest on their deposits and borrow small loans in a move set to raise competition against banks, saccos and shylocks. The?telecom,?on 27 November 2012 launched the product dubbed M-Shwari, a virtual banking platform, in partnership with the Commercial Bank of Africa (CBA) accessible by Safaricom?s subscribers […]

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Knowledge Management Partnership (KMP)