Agricultural and Rural Finance Platform

moderated by Jacob Olanya

This Agricultural and Rural Finance Platform is a page dedicated to the online dissemination of Agricultural and Rural Finance information. It serves as a repository of non-proprietary information collated from various contributing stakeholders. We hope that you will find the information helpful / useful, and invite you to contribute.





Posted By in AgriProFocus Uganda
Posted 31 July 2017 at 05:13

The African Development Bank (AfDB) to invest US$24 billion in agriculture

 

President of the Bank, Akinwumi Adesina, said this in a speech he delivered at the 50th anniversary celebration of the International Institute for Tropical Agriculture (IITA) in Ibadan, Nigeria.

The African Development Bank (AfDB) will invest US $24 billion dollars in agriculture as part of its Feed Africa programme- a strategy for agricultural development in Africa. President of the Bank, Akinwumi Adesina, said this in a speech he delivered at the 50th anniversary celebration of the International Institute for Tropical Agriculture (IITA) in Ibadan, Nigeria. Adesina emphasized that the goal of the Bank is to “ensure that Africa feeds itself within 10 years, and unlocks the full potential of its agriculture.” The IITA hosted a series of events to celebrate 50 years of excellence in research. Dignitaries attended the event from across the continent. The Institute recognized Adesina’s immense

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jul
12

Agribusiness Finance Fair - Kabaale

Event posted by in AgriProFocus Uganda
  12 July 2017 to 13 July 2017 - All Day Event
  Kabaale

Agribusiness Finance Fair 2017 - Kabaale 

AgriProFocus in partnership with SNV, GIZ, The Hunger Project, Bank of Uganda, Solidaridad Network, Trias, AMFUI, ISSD, PELUM Uganda, IFDC, Caritas Kabale, LADA, Excel Hort, Kabale Traders Association, Reign Business Development Agency (REBDA), KAZADI, A2N, Uganda Industrial Research Institute, Uganda National Seed Potato Association, among others are organizing a regional Agribusiness fair focusing on horticulture with an overall objective of facilitating a platform for building business & market linkages and brokering deals between farmer entrepreneurs and Agribusiness Development Services providers including insurance companies for increased agribusiness investment, improved agricultural production and productivity and influencing an enabling environment.




Posted By in AgriProFocus Uganda
Posted 30 May 2017 at 06:58

Uganda Gets Shs652 Billion for Rural Agriculture Financing

The International Fund for Agriculture Development (IFAD) on Tuesday announced that Uganda had been allocated $168 million (about Shs651.6 billion) for rural transformation through agriculture. The allocation is aimed at enabling rural farmers to access long term loans for agricultural practice.

The fund, which has a duration of seven years, is being administered under the IFAD arrangement called the Project for Financial Inclusion in Rural Areas. In Uganda the project is being implemented by the ministry of Finance and it entered into force in November 2014.

In an interview with Daily Monitor at Speke Resort Munyonyo on Tuesday at the official opening the fourth Regional Conference on Implementation of Rural Agriculture Transformation, with the theme financial inclusion, IFAD regional director of Eastern and Southern Africa Division, Mr Sana F.K. Jatta, said IFAD has 45 ongoing projects in 22 countries in the region with the total portf

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Posted By in AgriProFocus Uganda
Posted 29 May 2017 at 06:49

Northern Region Agribusiness Finance Fair - In Pictures. 

On the 26th and 27th of April 2017 AgriProFocus Uganda Innovation Communities on Access to Finance and Youth In Agribusiness (SNV, GIZ AGRUFIN) in collaboration with, the Northern Uganda partners; Technoserve, AVSI, Save the Children, Smart up, Action Aid, BOSCO – Uganda, WPDI-Gulu, NUYDC-LABRA, PELUM, YALI organized a two day Agribusiness Fair. It was intended to facilitate platforms for building business & market, brokering deals between youth Agri-preneurs and financial services providers and other value chain actors for improved agricultural production and productivity. 

You can view the entire event in Pictures.   

Click here for more information about the event.


Posted By in Agricultural and Rural Finance Platform
Posted 26 May 2017 at 09:36

Teso Value Addition Center is and organization in soroti Uganda using value addition to boost family livelihood, community development and income generation in the rural areas in Teso

This is Ajonyi Christian Development Initiative a group that was trained in self-help group management skill in Feb 2016 being Visited by the IFAD team.

if interested in the life changing agricultural field and exhibition visits 

any form of support and invites are welcome  

Contact Project Manage:

OBORE STEPHEN

+256 750 900 771

oborestyvn@yahoo.com

Posted By in AgriProFocus Uganda
Posted 9 May 2017 at 01:57

Northern Region Agribusiness Finance Fair - Summary report.  

Harriet Okunia, the Relationship Manager,Housing Finance Bank, Gulu Branch, confirmed that they have opened between 50-100 accounts for the youth in agribusiness during and after the agri finance fair. "Thank you AgriProFocus and partners for organizing this event “  


On the 26th and 27th of April 2017 AgriProFocus Uganda Innovation Communities on Access to Finance and Youth In Agribusiness (SNV, GIZ AGRUFIN) in collaboration with, the Northern Uganda partners; Technoserve, AVSI, Save the Children, Smart up, Action Aid, BOSCO – Uganda, WPDI-Gulu, NUYDC-LABRA, PELUM, YALI organized a two day Agribusiness Fair. It was intended to facilitate platforms for building business & market, brokering deals between youth Agri-preneurs and financial services providers and other value chain actors for improved agricultural production and productivity.  


The event attracted a total of 739 participants and 69 exhibitors of whom 34% were female

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Posted By in AgriProFocus Uganda
Posted 27 April 2017 at 09:25

The Northern Uganda Agribusiness Finance Fair 2017

Mr. Jimmy Olanya was the key note speaker at the Northern Uganda youth finance fair that saw over 500 youth actively involved in agribusiness in attendance,  he advised the youth to start with what they start with what you have to reach where they want to and not look to other sources as their primary source of income like the government, and NGOs.

Posted By in AgriProFocus Uganda
Posted 5 April 2017 at 11:39

Logistics Officer Job at the UN World Food Programme (WFP)

The World Food Programme (WFP) is the food-assistance branch of the United Nations and the world's largest humanitarian organization addressing hunger and promoting food security. WFP works to help people who cannot produce or obtain enough food for themselves and their families. It assists 80 million people in and around 80 countries each year, delivering food assistance in emergencies and working with communities to improve nutrition and build resilience.

As the international community has committed to end hunger, achieve food security and improved nutrition by 2030, one in nine people worldwide still do not have enough to eat. Food and food-related assistance lie at the heart of the struggle to break the cycle of hunger and poverty.

We are seeking qualified individual for the position of Logistics Officer at SC8 level, to be based at the WFP Warehouse in Nalukolongo - Kampala. Selected candidate will be employed on Service Contract

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Posted By in AgriProFocus Uganda
Posted 5 April 2017 at 09:41

Dutch government unveils Shs80b to support Uganda’s agriculture

Article by Mark Keith Muhumuza

The Kingdom of the Netherlands has launched two agriculture support programmes valued at €22m (Shs80b) for improved seed quality and market linkages for farmers.

The two programmes set to run for the next five years, are targeting the entire value chain in the agriculture sector right from seed distribution to linking farmers to the private sector buyers of the produce.

 

“Uganda’s agriculture sector has a great potential to transform the country and the livelihood of Ugandans. Using our Dutch experience and success in agriculture, we believe that by end of 2020, at least 350,000 households will be positively impacted by the projects,” said HE Henk Jan Bakker, the Ambassador of the Kingdom of the Netherlands told reporters on the sidelines of the launch at his residence in Kololo, Kampala on Wednesday evening.

 

The Integrated Seed Sector Development Plus (ISSD Plus

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Posted By in AgriProFocus Uganda
Posted 31 March 2017 at 08:06

Saving! An important step to becoming financially independent

As we come to the end of celebrating the 2017 Global Money Week, saving has been pointed out as one of the most recommended practices and cultures that must be embraced by everyone worldwide. Saving is the practice of putting aside part of your current earnings for the future.

Life is full of making choices all the time, and therefore choosing to save for your future is one of the best decisions one can ever make. However, what is most important here is knowing what you want to save for and the need to find out how much it will cost. For example; one may choose to save for buying land, building a house, paying school fees, old age the list is long. Important to note though here is to set realistic saving plans, this calls for one to be patient well knowing that, it is note done once but over a period of time.

Some of the outstanding saving steps include; start saving now, save regularly, keep records of your savings, sti

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Posted By in AgriProFocus Uganda
Posted 29 August 2016 at 08:50

FREE information on sources of finance

It is difficult to access financing in Uganda, let alone know where to find the right type of finance for your business. We try to make this process easier. On our sister website: www.inachee.biz we regularly profile (FREE) a number of alternative sources of finance like venture capital, private equity and grants.

http://www.inachee.biz/

Denye Ronald What i know for sure your doing good job educating communities on how to start a business at local level.

5 months 1 week ago

Posted By in Finance Worldwide
Posted 8 July 2016 at 10:39

Equity fastest growing bank in Africa, survey

By Bob Koigi, Africa Business Communities, 6 July 2016.

Kenya’s Equity Bank has been ranked the fastest rising bank in Africa by the Banker, a publication of Financial Times which ranks the Top 1,000 banks globally.

This has seen the bank now join the league of the 25 largest lenders in the continent. Equity Bank that has operations in Tanzania, South Sudan, Democratic Republic of Congo, Uganda and Rwanda last year recorded a core capital of $650million, a 29.8 percent growth

Kenya Commercial Bank, the other bank to feature prominently in the list was the third highest mover in Africa following a 10.9 per cent growth which saw it jump to position 961 globally up from 981 last year.

KCB, the largest bank in the country by asset base and number 808 in the world, now ranks 24th in Africa following a 2.2 per cent growth in tier 1 capital, which is used as the ranking standard.

“The relative strength of this performance can in part be attributed to

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Posted By in Finance Worldwide
Posted 8 July 2016 at 10:29

[Uganda] Smart telecom forays into mobile banking

By Bob Koigi, Africa Business Communities, 6 July 2016


Uganda’s telecommunication network company Smart telecom has launched a mobile money service dubbed SMART Pesa that targets to deliver affordable mobile financial services to all Ugandans. SMART Pesa customers will be able to send and receive money, deposit and withdraw cash, and make bulk payments such as salary disbursements. In the future, customers will also be able to access micro-credit and micro-savings accounts.

“Smart is one of the most innovative telecom companies in the market today. Just as we created a revolution in the data bundle market by providing cheap and reliable data bundles in the country which positioned us as the leading providers of cheap data bundles in the country today, SMART PESA seeks to create a revolution in Uganda’s mobile money market,” said Abdellatif Bouziani the Smart Group, CEO.

To mark the launch of SMART Pesa, SMART has introduced an initi

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Posted By in Finance Worldwide
Posted 8 July 2016 at 10:19

Standard Chartered bank launches digital roll out in 8 African countries

By Bob Koigi, Africa Business Communities, 6 July 2016


In an extensive digital roll out billed as one of its kind in Tanzania, Standard Chartered Bank has launched a mobile and online banking which also embraces the fingerprint technology.

The roll out in Tanzania is also happening across 7 other African countries and is targeting an estimated one million customers. “Supported by the Bank’s global-standard technology, clients will enjoy a consistent online experience across laptops, tablets or mobile phones, and the convenience of banking from the location of their choice,” said the bank in a statement

In Tanzania, customers are already downloading the new mobile application which is available to both Apple and Android users. The Bank’s Head of Retail Clients, Michael Shio, said with the new mobile application, customers could have a single view of their banking portfolio covering accounts, loans and debit card

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jul
12

Sharing risk and financing Africa’s agriculture

Event posted by in Agricultural and Rural Finance Platform
  12 July 2016 to 13 July 2016 - All Day Event
  Nairobi, Kenya

  Sharing risk and financing Africa’s agriculture  

This workshop, hosted by the African Development Bank Group, aims to provide an opportunity for key stakeholders to contribute to the proposed facility's modalities for sharing risks around financing agriculture value chains. The workshop will also present global and Africa-wide lessons learned and best practices in the design of a workable, context-based mechanism for the continent. The workshop will bring together policy makers, including senior officials of Ministries of Finance, Agriculture, Central Banks, commercial banks and other financial institutions, development partners, among others, in order to:

  1. Exchange knowledge and experiences on successful agriculture risk sharing mechanisms across Africa;
  2. Build a consensus on the conceptual framework on Risk Sharing;
  3. Present AfDB's thoughts on the Risk Sharing and Financing Mechanism, its preliminary design elements, and get feedback from the audience;
  4. Articulate the expected r

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Posted By in Agricultural and Rural Finance Platform
Posted 29 June 2016 at 12:54

Hello,

I have subscribed to this platform today for 2 reasons;

First of all I am a farmer at heart. My parents having fled Kampala during the turbulent early 80's, my first memories are of my grandfather's homestead in Masaka. Our lives rotated around the 5 acre kibanja whether mulching the banana plantations, picking coffee, tilling for beans and maize or grazing the few goats he kept. More that ten of us lived with him at any one time and survived quite happily off this small piece of land. My faith in the ability of the earth to sustain us has never waned. As a grown man, I have secured my future in tree growing and invested my safety net in cattle keeping.

My second reason is joining is that I am banker. After 10 years at different levels in commercial banks, I believe I can authoritatively speak of matters pertaining banking and financing in Uganda. In the last six years, I have audited credit applications before and after they were disbursed and in the past three years, I have managed

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Muhimbise John Thanks Rogers for these notes on Agricultural financing. The problems facing the sector are well documented and I wouldn't want to go into them now. If you were a lender, would you lend to agriculture as it is now? My answer is NO? Why? Because it is extremely risky and given that there are less risky and better credit-worthy sectors, why risk? Remember the days of Rural farmers scheme, Entadikwa, Prosperity for all, Naads, youth livelihood schemes? All these and more have come to naught! With more than 95% of farmers being peasants with no skills to speak of, and a non-commercial mind-set, how do you lend money to agriculture? There is need to go back to the drawing board and adopt a holistic approach to farming by equipping farmers with relevant skills before disbursing funds. Equip them with loan management skills and book-keeping before giving them money. Take them through the ABCD of piggery before giving them pigs! It would appear financing to agriculture is not such a big impediment but lack of skills!

1 year 1 month ago

Rogers Makumbi Hello John, I beg to differ on some of the issues you raise. 1. Banks are not willing to lend to farmers because of the inherent risk in agriculture; Is agriculture any more risky than the common Chinese import businesses that thrive on dodging taxes and other short cuts? I have foreclosed hudreds of loans where such businesses have gone burst because of a single occurrence. 2.95% of farmers are peasants with no skills; A recent publication by Kigo Thinkers (http://72.41.218.72/KigoThinkers_AgriculturePaper_June2016.pdf) tried to differentiate between small scale and peasant farmers. I am a small scale farmer using less than 5 acres but nothing I grow is for consumption. Am I a peasant? Most of our 'business men' know as little about business as our farmers know about agriculture. How come the 'business men' easily get credit? I however agree with your conclusion. What our farmers need are financial services not just credit. Things like ware housing, market research, financial accounting/management are what should come first before credit.

1 year 1 month ago

Harrison Kaziro That is a great discussion members. Allow me to chip in. I am blessed that I worked in the banking sector for five years before falling back to agribusiness support. I am close to farmers because I support them in agribusiness growth and management but also access to agrifinance services. Both Rogers and John are right, and I like your conclusions, both of you. I like the bit that Rogers raised that "Most of our 'business men' know as little about business as our farmers know about agriculture". This is where we need to come in, as experts, but we have not delivered real value, and this is why these challenges still exist todate. However, so far in my 12 years of working with farmers, as a banker and agribusiness support officer, we can do a couple of things; 1: We can start from organising the farmers and equip them with capacity to solve their own challenges. If we bring together the smallholders under cooperatives, support them in managing them, then the banks will look at them under "cooperatives", as business men instead of individual farmers. So all our effort will be to support the cooperative to behave like a real 'business man' and then there will be no reason for FIs rejecting them anymore. It is easier to keep records and engage with other value-chain players if farmers are organised under a legal entity like a cooperative. We are lucky to have the government's stance on coops being positive lately, so we can ride on that and support our farmers. 2: Support the farmers to 'create their own banks', I mean if farmers can be supported to start their own SACCOS, which are linked to their producer and marketing associations/cooperatives, then slowly we can see improvement in access to financial services. I have done this for the past seven years in Central and Eastern Uganda, and it is helping many smallholder farmers access financial services. 3: Banks need to hire value-chain support experts if they are to design appropriate agricultural finance products and deliver them sustainably to the targeted group - smallholder farmers. Currently bankers fear lending to the sector because they lack expertise in the agricultural value-chain approach, and you cannot manage agric loans if you lack in this area. It is so sad to hear banks mention the issues that have been known for centuries, as the reason why they fear lending to farmers, but with no effort to find innovative solutions to tackle them. Where is the creativity in our work, as elites. As an agribusiness specialist, I have seen FIs running to coops I have supported to establish and link to good markets, because they are opportunists, they only want to rip where they even never never sowed, but it is important to be innovative and circumvent the challenges that have been hindering the banks from lending to farmers. Thanks, cheers.

1 year 1 month ago

Rogers Makumbi I have just read this article by Simon Kaheru https://skaheru.com/2016/07/02/ntangawuuzi-anyone-i-mean-ginger-put-some-in-that-tea-lazima/ and wondered; What would become of this farmer if he had borrowed the 5M to grow ginger that is now worth about 2.5M? How do we provide solutions that cushion both the farmer and the financier from effects of calamities such as these price shocks. weather variances, pest infestation, etc? In my current position, I would be calling a bailiff to set up an auction of the farmer's collateral (usually the only valuable asset he would have left). In my heart I know this is not the right thing to do but it is the correct procedure per most financial institutions' credit policies.

1 year 1 month ago

Muhimbise John Thanks Harrison and Rogers for enriching this discussion drawing from your experiences both as Bankers and Farmers. Rogers, you ask whether I would describe you as a peasant given that with your few acres you are growing for sale(Business). You have a Mindset of an agricultural entrepreneur and to that extent I wouldn't describe you as a peasant. I am also assuming that you did some kind of business planning before embarking on agriculture. I expect you to have thought about the market before deciding on the type of crops to grow, the timing for your planting, some projected cash inflows and out flows , potential risks and possible mitigation measures. If you are not doing the above and you entirely depend on the vagaries of nature you will be referred to as an enlightened peasant because you are educated and aware of what should be done and you are not doing it! One should not be shocked by Kaheru's story because its very common especially with maize, tomatoes, mangoes, and other crops. If you are a serious farmer you need to ask yourself what you will do in case there is a glut in the market. That's what risk management is about. What about storing in silos, warehouses awaiting prices to stabilise? What about crop insurance? why not think about contract farming? We have to really think outside the box if we have to do serious Agriculture! Harisson, you are doing a commendable job! We need more of your kind in the villages together with Vet assistants, agricultural assistants to sensitise the peasants as a first step and then finance will come later when they are physcologically and physically prepared for it!

1 year 1 month ago

sep
05

African Green Revolution Forum (AGRF) pport

Event posted by in Agricultural and Rural Finance Platform
  05 September 2016 to 09 September 2016 - All Day Event
  Nairobi, Kenya

African Green Revolution Forum  

You are cordially invited to attend the 2016 African Green Revolution Forum (AGRF), in Nairobi, Kenya from the 5th until the 9th of September. This year marks a key milestone for Africa’s agricultural transformation. Over the past decade, we’ve seen the foundations laid for a renaissance in African agriculture. Farmers now have more choice in the seeds they plant, the fertilizers they use, and in the markets they sell to. Now is the time to ‘seize the moment’ and with the right leadership, policies, and investments, we can transform the lives of millions of smallholder farmers and put all countries on the path to a sustainable agricultural transformation. Hosted by the President of Kenya, His Excellency Uhuru Kenyatta, this year’s forum will assemble the key players in African agriculture from farmers to policy makers, donors, decision makers and Heads of State as we ‘seize the moment’ and advance the policies needed to transform

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Posted By in AgriProFocus Uganda
Posted 2 May 2016 at 04:18

Have you heard of OpenIDEO fund challenge?

Do you have an idea on how to reduce food spoilage and wastage for smallholder farmers through access to information, markets, financial and technological resources? 

Between now and May 3rd at 12 pm EST, we want your ideas for how to reduce waste and spoilage by improving access to information, financial and technological resources for small scale farmers.

Take a look at some of the ideas, and then add your own - in this phase, we’re looking for the basic shape of your solution - we’ll dig deeper as the challenge progresses.

Visit OPENIDEO website for details on the criteria and the eligible countries. Uganda, Kenya, Tanzania and Rwanda are among the countries that are eligible.

Posted By in AgriProFocus Uganda
Posted 1 May 2016 at 10:27

I am Noeline the Manager for Kakumiro Farmers' SACCO. The Sacco provide financial services to rural women in Kibaale district. I am happy to join the platform.

Posted By in AgriProFocus Uganda
Posted 27 April 2016 at 08:36

Smallholder farmers need more finance to modernise

The deputy governor Bank of Uganda (BoU), Dr Louis Kasekende, has given new insights regarding agricultural financing, suggesting the smallholder farmers will need a range of financial services beyond the provision of credit, to support their efforts to modernise.

In a speech delivered for him by the BoU executive director supervision, Ms Justine Bagyenda, last week at Protea Hotel during a meeting on Developing Approaches for Financing Smallholder households in Uganda, Dr Kasekende said these services will include savings and insurance products.

He said insurance is especially important to mitigate the risks that arise from possible crop failures and the volatility of farm gate prices which are a deterrent to commercialisation.

“I don’t think it is likely that commercial banks will be the main vehicle for providing financial services to smallholder farmers, because the banks’ business models entail transactions costs which are too high to make

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Moses Komagum Government has promised to recruit more cadres of extension workers. If this happens soon it will improve production and productivity which is primary for Agribusiness growth and development. This was a very good message based on reality that needs to be addressed.

1 year 3 months ago

Moses Komagum Government has promised to recruit more cadres of extension workers. If this happens soon it will improve production and productivity which is primary for Agribusiness growth and development. This was a very good message based on reality that needs to be addressed.

1 year 3 months ago

BAJJA FRUIT FARM The Dr. was spot on. We need more than credit to prosper. Thanks for sharing.

1 year 3 months ago