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AFRACA NEWS | Edition 71
African Rural and Agricultural Credit Association | 1
issue 71 | July 2012 - March 2013
Know Our Members & ...
Partners
Our continuing feature:
Success Trails...Trailing The ChampionsSuccess Trails...Trailing The Champions
The 5th AfrAcA Agribanks forum held in Kigali, rwanda
Agricultural finance Stakeholder Working Group The AfrAcA Technical cooperation among Developing countries Programme (TcDc)
The 18th AfrAcA General Assembly
from our archives. . . . . .20yrs ago AfrAcA was sti l l
promoting the economic empowerement
of women & youth. . . read on
Key up coming events. . .• International Study Visit on
Mobile and Agency Banking 6th – 11th May 2013 Nairobi , Kenya AfrAcA Southern Africa Sub region Workshop 19th – 21st June 2013 Maputo, Zimbabwe 4th World congress on Agricultural and rural financing 26th - 28th Sept 2013 Paris , france
featuring; H. E. rhoda Peace Tumusiime Commissioner for Rural Economy and Agriculture at The African Union Commission
featuring; H. E. rhoda Peace Tumusiime Commissioner for Rural Economy and Agriculture at The African Union Commission
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Afraca SecretariatP. O. Box 41378 - 00100, Nairobi, KenyaTel: +254 20 271 79 11/271 59 91Fax: +254 20 271 00 82Email: [email protected]
Website: www.afraca.org
Afraca News Editorial TeamMr. Saleh Usman Gashua - Sectretary GeneralMr. Stephen Makanga - Programme Coordinator
Mrs. Caroll Bakang - Bilingual Corporate Affairs Manager
Design, Layout & ProductionTonn [email protected]
AfrAcA News is published quartely. The editor welcomes articles, comments and contributions from members and readers. Send your contributions by email to the Secretariat for publication. The Editor
reserves the right to edit articles for brevity and reasons for space.
AFRACA Executive Committee
Chairman Mr. Millison K. Narh Deputy Governor
Bank of Ghana, Ghana
Other Members
Vice Chairman Mr. Idrissa Nasa Directeur General/CEO Coris Bank International, Burkina Faso West Africa II Mr. Wakil AdjibiChairperson Directeur General/CEO Vital Finance, Benin
West Africa I Mr. Anthony Olufidipe Chairperson Deputy General Manager Union Bank of Nigeria
East Africa Prof. Kinandu Muragu Chairperson Executive Director Kenya School of Monetary Studies (KSMS) Southern Africa Mrs. Molly Dingani Chairperson Divisional Director, Retail Banking CBZ Bank, Zimbabwe
Central Africa Marie-Jose’ Ndaya ILUNGA Chairperson Assistant Director Banque Centrale du DR Congo
Secretary General Saleh Usman Gashua AFRACA Secretariat Nairobi, Kenya
Contents...
Saleh U. Gashua Secretary General
Editorial ......................................................................3
Overview of the 5th AFRACA Agribanks Forum ..........4
The 18th AFRACA General Assembly ..........................9
Expanding the AFRACA Partnership and Networking Frontiers .....................................................................11 AFRACA French Speaking Western Africa (WACRAT I) Chairman Sets Pace ....................................................12 AFRACA & MFW4A Partner to Promote The CAADP Agenda....The AFSWG & The Kampala Principles .......13
From the Archives .......................................................14
The AFRACA Technical Cooperation among Developing Countries Programme (TCDC) ....................................16 Know our Members &.... Partners ................................18
Success Trails....“Trailing The Champions” .................23
News & Announcements..............................................24
Other Key AFRACA 2013 Activities and Partnership Events .........................................................................26
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Women and Youth In Agriculture
...AFRACA on its modest part is addressing
the challenges faced by Women and Youth by
facilitating the required capital necessary for the
transformation to the actors in the sector....
A griculture occupies a top position in the national economies as
the sector serves as the key driver of growth, wealth/job creation and poverty reduction. It is the leading economic activity in Sub-Saharan Africa as it contributes 30–50 percent of GDP and employs over 70 percent of the population. Yet agriculture does not attract financing, whether from public or private sources, commensurate
with its contribution to national economies. On average agriculture only receives 2–3 percent of financing. Growth in the sector has the best chance of wealth/job creation resulting in poverty reduction.
The link between the financial and agricultural sectors is one of the major constraints to the transformation of agriculture in Africa. Access to finance is key to unlocking agricultural potential and funding growth in this sector. It is therefore crucial to enhance the institutional and technical framework for agricultural finance on the continent.
AFRACA’s strategic intent and key objective is therefore to ensure that Rural & Agricultural Finance is part of the Financial Inclusion systems in Africa through policy strengthening and support to member institutions. The mission of AFRACA is to improve the Rural and Agricultural finance policy through the promotion of appropriate policy framework, and to support member institutions to provide sustainable quality financial services to the rural and agricultural communities through introduction of cutting-edge banking practices and adoption of innovative products.
This objective is aimed at empowering the bottom of the pyramid communities and actors particularly Women and Youth. Women and Youth are the most vulnerable victims of extreme poverty and hunger. Despite their role and contribution to Agriculture and rural livelihood in Africa, many researches point out the lack of visibility of their participation, and contribution in agriculture and development in general. This could be linked to their limited access to technology, inputs, credit and relevant information. Land tenure is another stumbling block to youth and women’s full access and control of land and agricultural output. Governments, its agencies at different levels and Development partners have put in place various programmes to address the needs of Women and Youth with some in-Country achievements but more needs to be done across the Continent. In this regard, Afraca commends and is proud of the outstanding job that member institutions are doing on Women and Youth empowerment. The Afraca members include but not limited to Kenyan Women Finance Trust, National Youth Development Agency (NYDA), South Africa, Equity Bank, Kenya, National Poverty Eradication Programme, Nigeria even as NEPAD targets to invest $US1 billion for youth
empowerment. In 2012 AFRACA in partnership with NYDA organised a youth empowerment learning programme in South Africa. 16 senior officials from 8 institutions across Africa participated in the event.
AFRACA’s new strategic direction is to consolidate and strengthen these efforts by providing linkages for the different sectors of the economy and encourage high level of specialization, expertise, economies of scale and enabling environment for the implementation of various policies and programmes. This is to building on the on-going AFRACA’s strive in building partnerships aimed at enhancing integration and coordination of Rural and Agricultural finance activities with key players in the sector. AFRACA in this regard is committed to genuine partnerships that will deliver the much needed credit facilities to all participants along agricultural production value corridors.
A major source of despair that fuel instability is the absence of opportunities; where a young entrepreneur cannot start business, when a mother watches her child dies of hunger or preventable disease or a young girl is deprived of education due lack of access to financial services. These undermine economic development and the prosperity of nations. AFRACA is set to promote youth and women’s full participation in African economies. Experts will be galvanised to re-evaluate African youth and women’s role in alleviating poverty and creating more jobs in the agricultural and corresponding sectors.
AFRACA on its modest part is addressing the challenges faced by Women and Youth by facilitating the required capital necessary for the transformation to the actors in the sector. In her last meeting, AFRACA resolved to establish a development centre for training, research, product development and information and knowledge management, Partnership and networking with international institutions and development partners to create greater synergy and enhance best practices. At the government level, AFRACA seeks to facilitate the creation of a conducive policy environment for accelerated socio-economic development, support the transformation of subsistence farming to market agriculture, develop a visionary financial inclusion policy that favour agricultural development, address issue of excess liquidity of Banks in favour of agriculture.
Lastly, AFRACA in an economic way intends to create demand inside the countries of the sub region in order to support agricultural production (weak link of the value chain), all with women and youth as drivers of change.
AFRACA, being a lead advocate and co-ordinator for Rural and Agricultural Financial inclusion in Sub Saharan Africa is also the focal point and information hub for the promotion of rural and agricultural finance with Continent-wide competency that can be accessed by members to enhance outreach and efficiency in financial service delivery to the rural and agricultural sectors.
Saleh Usman GashuaSecretary General AfrAcA, Nairobi, Kenya
Editorial
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Overview of the 5th AFRACA Agribanks Forum, 24th – 27th July 2012, Serena Hotel, Kigali Rwanda
The 5th AFRACA Agricultural Banks forum was held at the Serena Hotel, Kigali Rwanda between the 24th – 27th July 2012.
Theme: Enhancing the Agricultural Value chain financing through Innovationss Towards food Security in Africa. This report covers the proceedings of this workshop, which is one of the specialized AFRACA programmes that take place every year as part of the organizations goal of improving the rural and agricultural finance environment in Sub Saharan Africa.The event was attended by over 70 participants drawn from more than 30 countries in Africa. It was also attended by development partners and other stakeholders from within the continent and beyond.
Key Note PresentationHer Excellency Rhoda Peace Tumusiime, Commissioner for Rural Economy and Agriculture (African Union Commission) presented a Keynote speech entitled “The African Union commission’s interventions in Agriculture and role of Governments in PromotingAgricultural Value Chain financing as a priorityfor sustainable and accelerated Development in Africa”.
In her speech, she shared that one of the great lessons drawn from Africa’s recent experience within the framework of the Comprehensive Africa Agriculture Development Program (CAADP) is that the public sector need to combine efforts with other actors to deliver the
necessary change to transforming agriculture. As a consequence, she applauded the decision to anchor this conference on fostering cooperation in planning and improving financial inclusion for rural development. She mentioned the need to come up with innovative financial approaches to ease access to financing agricultural inputs and reducing transaction costs.She went on to highlight some of the key public sector functions in facilitating value chain financing:
• setting a policy, regulatory and institutional environment,
• enhancing global and inter-regional trade policy and regulations,
• facilitate and creating reforms such as in land laws and land titling,
• providing investment incentives for value chains financing which include taxation and risk mitigation measures,
• finance infrastructure for enhancing agricultural production and productivity,
• contributing to, catalytic and innovative finance to agricultural value chains for instance by setting up and facilitating an agriculture specific product development system.
Her Excellency Mrs. Tumusiime commended the role played by some governments (Ghana, Mozambique and Tanzania, Burkina Faso, Ethiopia, Rwanda) in facilitating catalytic value chain financing.The African Union, she mentioned, has been doing a lot to support Governments in promoting these efforts of agricultural value chain financing. Through CAADP, the African Union Commission for Rural Economy and Agriculture has worked with other relevant institutions to support Governments to redefine the strategies for the agricultural sector in form of CAADP Compacts and design evidence-based Agriculture and Food Security Investment Plans. The African Union has partnered with World Economic Forum - through the Grow Africa intiative - to attract additional resources from global, regional and national private investors to finance different commodity value chains. The African Union, through CAADP, has mobilized the Development Partner community towards coordination, harmonization and alignment of development assistance to support African Agriculture.She concluded by calling upon AFRACA and Making Finance Work for Africa to have a joint commitment and renewed the promise that African Union will continue to contribute to the efforts of both organisations.
Cross Cutting and Emerging Issues; Perspectives from the Agricultural Banks
The event brought together AFRACA member institutions and Development partners to discuss opportunities and challengeswithrespecttoagriculturalfinanceandon
The opening session of the 5th AfrAcA Agribanks forum: Session chair, Her Excellency rhoda Peace Tumusiime, commissioner for rural Economy and Agriculture (African Union commission).
Delegates at a photosession during The 5th African rural and Agricultural credit Association (AfrAcA) Agribanks forum in Kigali, rwanda.
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crosscutting/emerging issues in agricultural development.During the workshop, and in keeping with the name of the event, Agricultural Banks were given an opportunity to identify cross cutting and emerging sector issues emanating from the deliberations by the participants.
Cross cutting and emerging issues• That there had been recent advances in communication
technology and these affected rural banking and thus agricultural finance. Examples given included electronic banking, branchless banking innovations, Mobile Money (M-pesa) transfer services, e-agriculture initiatives etc
• That the above mentioned advances had resulted into reduction of transaction cost for service providers and consumers as well as related costs e.g. in transport.
• That there were now various approaches to risk management such as crop insurance that is index based and these were gaining adoption and use by the sector.
• The Agricultural banks observed that a Robust Banking sector is key to driving development of the Agriculture sector.
• Some countries had made tremendous progress in the provision of rural commercial banking e.g. Ghana. This had indeed helped in growth of the Agriculture sector.
• In countries, it was observed that the establishment of collateral registry was a best practice in enhancing access to agricultural finance.
• That in some countries like Kenya, the establishment of the Credit Reference Bureau (CRB) for information sharing has contributed positively to managing risk to borrowers.
Challenges as shared by the Agricultural Banks
• That there were still weak linkages to markets• That there were unfavorable policies & legal frameworks to
support Agricultural lending.• As learned from the Development Bank of Zambia, good
plans can fail at implementation stage due to lack of adaptability
• That unfavorable weather conditions were still affecting the gains by agricultural finance.
• Lack of and or inadequate credit which when available remained expensive to small scale farmers.
• That in many instances, there was still the absence of Agric Value Chain infrastructure to attract both public and private sector funding.
• That the conventional banking systems continued to have weak delivery channels that negate financial inclusion – some countries had tried to address this through such innovations as agency banking.
• That there was still continued use of traditional collateral by small scale famers.
Way forward as suggested by the Agricultural Banks
• That the government role as catalyst for Agric value chain financing continued to be very important and should be prioritised.
• That the CAADP programme had concrete solutions that should be driven to conclusion.
• Ware housing receipt system (WRC) was a best practice that should be encouraged to enhance innovative finance.
• Establishment of catalytic fund to address Agric Value Chains as in the case of Ghana, Tanzania,Rwanda & Bukina faso.
• That there should be strong regulatory and institutional policy frameworks by governments(reforms).
• Opening up of markets at trade levels between countries• Enhancing of rural savings through financial inclusion to
stem inflationary Agric commodity prices.• Good Governance in Agricultural institutions and provision
of high yielding seeds through research.• Need to finance Agriculture through Value Chain players
(stakeholders) eg Tripartite Banking arrangements, MOU’s and other contractual arrangements to beat the collateral requirement.
ddd
Theme: Boost to the Agricultural
Finance Campaign in Africa; Overview and Approach of the Agricultural Finance Stakeholder Working Group (AFSWG)
This session introduced the Agricultural Finance Stakeholder Finance Working Group (AFSWG), outlining its rationale, objectives, expected outcomes, progress and
way forward. It was observed that the AFSWG was set up against the background of the Kampala Principles on Agricultural Finance in Africa and the International conference “Zipping Finance and Farming in Africa: harnessing the continent potential” that took place in June 2011 in Kampala, Uganda.
Her Excellency rhoda Peace Tumusiime, commissioner for rural Economy and Agriculture (African Union Commission) and other senior officials atthe press conference during the 5th AfrAcA Agribanks forum emphasizing public private sector partnership in agricultural development.
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It was explained that the AFSWG’s rationale is to leverage the momentum created at international level keeping in mind the role of rural and agricultural finance in expanding financial systems on the continent and recognizing the importance of agriculture and food security to the continent as witnessed by the CAADP programme. AFSWG strives to operationalize the policy recommendations from the Kampala Conference and the Policy Brief on agricultural Finance in Africa, to catalyze financial sector support to agriculture, including CAADP investment plans; and provide a platform for a focused and constructive dialogue on agricultural finance.AFSWG had designed its own work plan which was shared, expanded participation to new institutions which can support its own activities and mobilized required resources for the implementation of the bi-annual work plan.In the second part of the presentation participants were informed about objectives and outcomes of AFSWG Work Plan. The strategy will be implemented with three work streams (Borrowing and Lending, Knowledge Management and Capacity Building, Institutional Development), each supported by a focus group. Actions, objectives and outcomes were articulated for each work stream.The paper concluded with a way forward. Its first phase (until end of 2012) will consist in research. Findings from the study will be used to plan specific goals, strategy, actions (until early 2013). Lastly, implementation of action plans should be complete by June 2014.
The “Business to Business" (B2B) Session; A Joint Initiative of the MFW4A Partnership and AFRACA
During the agribanks forum, a Business to Business (B2B) session was organized, with the purpose of creating opportunities for Agriculture banks and other financial
institutions involved in Agricultural finance to mobilize financial resources (loans, guarantees) for on-lending along the agriculture value chain in Africa. The session, which was chaired by the MFW4A partnership coordinator, brought together participants and six institutions that support agriculture development. These included
i. Agence Française de Développement (AFD), ii. Africa Development bank (AfDB), iii. The Rockefeller Foundation, iv. International Finance Cooperation (IFC), v. USAID,vi. The Chair, The Africa Business Group.
These institutions presented their business and development cooperation opportunities with the member institutions present.
Views by Workshop Participants
General question and answer session
In order to generate ideas and propositions from participants during this workshop, there were general discussions in response to the presentations that were made.
During the forum, there was a general question and answer session and highlights are outlined below;-
• In response to a question regarding the difficulty of land acquisition in Tanzania, it was explained that land tenure system is that all the land is owned by the government. Leases of 30-99 yrs are allowed and renewable. Over 90% of the land is owned by villagers and not surveyed. Investors are interested in these types of lands. Investments that involve villagers have been successful. It was explained that investors can acquire 100,000 acres of land through this model, and that investors were known to have various leasing options for up to 99 years. Also other arrangements with small farmers can be concluded whereby they produce and private partners invest technical assistance.
• In response to a question regarding price risks in Nigeria, it was explained that for small holder farmers facing big companies that fail to respect contract prices, there needs to be a fund to help them challenge those breaches;
• In response to a question about “Grow Africa” as a foreign investors-based initiative, it was responded that one shouldn’t be so sour on engagement of Grow Africa. The demand for investment is high and there is room for indigenous investments and that there were discussions aimed at getting home-grown private investors involved.
• In response to a question about failure by an undisclosed investor to fund a Zimbabwean Bank that was well established in the rural area, it was explained that preference given to two private companies with less rural involvement depended on US Congress restrictions in transacting with governments;
• In response to a question concerning risks when there is default, it was answered that it is often the case that the government takes 50% risk in case of default. For the other 50%, commercial banks will try and recover the other 50% through assets collateral.
Group discussions were on the following topics
a. creating a conducive policy environment for Agricultural financial inclusion in Africa and impacts on food security at National level - Policy development, Advocacy challenges and how to take workshop recommendations forward.Group discussions identified that there was need for fiscal infrastructure, modernised agriculture and policies to increase youth participation. It was deemed important to insure farmers against price volatility. It was proposed that a target of 20% access to financial services by rural people of Africa should be achieved by the next AFRACA meeting.
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b. Agricultural finanace Training and capacity Building; challenges and Solutions - What are the Capacity Gaps at individual, institutional and Country level and proposed practical solutions – both on the supply and demand side of the AgriFinance sector?On the supply side, there should be dissemination of a curriculum and knowledgeable personnel in the areas of finance, risk mitigation, value chain and university programmes in agricultural finance.On the demand side: farmers should be targeted for capacity building in order to enhance quality proposals and knowledge of the value chain development. The key message was that time has come to call African institutions to take responsibility on the fact that 80% of the people driving the economy deserve appropriate programmes.
c. Public-Private Sector Partnerships - Areas of collaboration with different actors: Encouraging Foreign and Local Direct Investment (F&LDI) for food security in Africa.Public - Private - partnerships provide great opportunity to harness income security.One of the necessary conditions for success of PPP is that governments should set up a legal and regulatory environments that promote PPPs.
In this regard, workshop participants were reminded of the benefits of joining AFRACA, as it was a unique association which includes a vast and crosscutting (heterogeneous) network which brings together policy makers, market players and other stakeholders.
Experiencing Practical Value Chain Development in Rwanda; A Visit to the INYANGE Industries, Kigali
As part of exposing t h e
participants to the Agricultural Value Chain development in Rwanda, a visit was arranged to the INYANGE Industries in Kigali, a company with three main product lines – Milk, Water and fruit juices.
About the previous AFRACA Agribanks Forums
1st Agribanks ForumDate: 13th – 15th September 2004Venue: Harare, ZimbabweHost (s): Reserve Bank of Zimbabwe and Agribank ZimbabweTheme: Sustainability of Agricultural Banks
2nd Agribanks ForumDate: 19th – 21st July 2006Venue: Accra, GhanaHost: Bank of Ghana Theme: Enhancing the Role and Effect of Financial Service Providers in Agricultural Finance in Africa
3rd Agribanks ForumDate: 16th – 18th October 2007Venue: Nairobi, KenyaHost: Agricultural Finance Corporation of KenyaTheme: Africa Value Chain Financing
4th Agribanks ForumDate: 4th – 7th May 2010Venue: Abuja, NigeriaHost (s): Central Bank of Nigeria, Bank of Agriculture and otherAFRACA member institutions in NigeriaTheme: Financing Options for Agricultural and Rural Development in Sub-Saharan Africa
THE 5TH AFRICAN RURAL AND AGRICULTURAL CREDIT ASSOCIATION (AFRACA) AGRIBANKS FORUMDates: 24th - 26th July 2012Venue: Serena Hotel, Kigali, Rwanda Theme: Enhancing the Agricultural Value Chain Financing through Innovations towards Food Security in Africa
For a complete report on these and other AFRACA events, visit www.afraca.org or you may contact the secretariat, [email protected]
The AfrAcA Secretary General and other participants during a vist at INYANGE Industries, Kigali.
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PAPEr PrESENTEr
Keynote address: The African Union Commission’s interventions in Agriculture and Role of Governments in Promoting Agricultural Value Chain financing as a priority for sustainable and accelerated Development in Africa
Her Excellency, rhoda Peace Tumusiime, Commissioner for Rural Economy and Agriculture (African Union Commission)
The Nigeria Incentive - Based Risk Sharing System For Agricultural Lending (The Journey so Far)
Onuoha Uzoma f.N. Deputy Director, Central Bank of Nigeria (NIRSAL Programme)
The Effective Financing of the Agriculture Sector in Malawi Daud N. Mtanthiko, Principal Examiner, Non-Deposit Taking MFIs, Department of Microfinance and Capital Markets Supervision, Reserve Bank of Malawi
FinMark Trust agricultural/rural finance policy development programme for Southern Africa: innovations/best practices in value chain financing on which to build
Mike de Klerk, Acting Rural Finance, Theme Coordinator, FinMark Trust, South Africa
Opening Up Access to Finance for the Agriculture Sector through Innovative ICT systems (Strategies For Rural Outreach, Market Access, Information Dissemination, and Agricultural Financing)
Simileoluwa Lawson, CEO, Global Farmers Register, Nigeria
Fuel Wood Value Chain Actors on the way to microfinance system...The Great lakes Region case
Kagabo Nkubito, Regional Credit Expert, East and Southern Africa Division, IFDC, Rwanda
The Grow Africa Partnership: a joint effort of both the African Union, NEPAD and the World Economic Forum - “Working to Accelerate Sustainable Investment in African Agriculture to Improve Food Security”
Boaz Keizire, Technical Adviser, Department of Rural Economy & Agriculture, African Union Commission CAADP
Local Direct Investment for Food Security in Africa: A Successful Case Study of AGT Laboratories in Uganda
Erostus Nsubuga, Chief Executive, AGT Laboratoires, Uganda
Foreign and Local Direct Investment in Agriculture –Experiences of a Commercial Bank; CRDB Bank, Tanzania
Nicomed Bohay, Manager, Agribusiness, CRDB plc, Tanzania
Safeguarding Investment in Agriculture, Risk Mitigation in Agriculture through Crop Insurance
Matt Troniak, Chairman Rural and Agriculture Finance Donor Working Group
Agricultural Finance at Agence Francaise de Development (AFD): an integrated approach
camille Severac, Investment Officer, Technical Division Financial Institutions & Support to the Private Sector, AFD
Africa Development Bank (AfFB); business and development cooperation opportunities
Dougou Keita, Manager, Agriculture & Agro-industry Division II and Indira campos, Investment Officer Private Sector and Microfinace Department
Catalyzing Private Investment in Agriculture USAID Experience Jeff Jackson, Senior Private Sector Advisor, AFR/SD/AGEA, Activity Manager Africa Enterpreneur Facility, USAID
Promoting and Faciltating Access to Finance: Introducing Undp AFIM
Michael Sudarkasa, CEO, ABG and Senior Consultant, UNDP AFIM
Speakers/Resource Persons at the 5th AFRACA Agricultural Banks Forum
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The 18th AFRACA General Assembly, 15th October 2012, La Palm Royal Beach Hotel, Accra, Ghana
The African Rural and Agricultural Credit Association (AFRACA), meets biennially to climax activities of the two-year period preceding the Technical Workshop and
the General Assembly. The Technical Workshop synthesizes discussions of sub-regional meetings held during the two year period and makes recommendations aimed at addressing some of the major issues that bedevil agricultural production and agriculture finance in Africa.The weeklong event was hosted by the Bank of Ghana in Accra, at the La Palm Royal Beach Hotel Bank commenced on the 15th October 2012 with the 63rd executive committee meeting, chaired by the outgoing AFRACA chairman, Mr. J. Bondombe Assango, Deputy Governor, Banque Centrale du Congo. One of the major outcomes of the General Assembly business session on the 18th of October was the election of a new executive committee, chaired by Mr. Millison Narh, Deputy Governor, Bank of Ghana. Other outcomes at the General Assembly included
• Amendment to the constitution on two key areas• Presentation of the Auditors Report for 2012
The Inaugural AFRACA Merit Award Ceremony in which over 10 member institutions were recognised for their outstanding support to the network, through hosting events and other contributions.
The main objective of the meeting was to review the two year work of the association and examine good practices towards the development of an enabling policy environment for rural and agricultural finance operations in the Africa Region. During the general assembly, AFRACA member organizations revisit the many initiatives shared during the workshops with a view to increasing their outreach and to providing support in the use of appropriate rural and agricultural financing practices and the development of innovative products.
In the build up to the 18th General Assembly, four sub-regional workshops were held on the theme “Enhancing the Agricultural Value Chain through Innovation” in 2011 and 2012 as shown below.
• Southern Africa Sub-Regional Workshop-31st August-2nd September, 2011- Livingstone, Zambia, hosted by Bank of Zambia.
• Eastern Africa Sub-Regional Workshop- 16th -18th May, 2012- Dar Es Salaam, Tanzania, hosted by Dar es Salaam Commercial Bank.
• Western Africa (English Speaking) Sub-Regional Workshop, 5th-7th June
• 2012- Abuja, Nigeria, hosted by Union Bank of Nigeria.• West and Central Africa (Francophone) Sub-Regional
Workshop-5th-7th October, 2011- hosted by BNDE, Burundi.
The theme for the 2011-2012 period, “Enhancing the Agricultural Value Chain through Innovation” was very appropriate and naturally followed the rural finance workshops held during 2009 - 2010. Activities of the 2011-2012 focused on the means by which the various important actors whose policies and actions were required for support would be oriented towards creating new and innovative approaches to finance the various activities within the sector. It was hoped that through this effort, the continuum of enterprises and activities within the rural and agricultural sectors in Africa would be assisted to improve their contributions to the development of the individual African countries, and thereby lead to the improvement of the quality of life for the majority of Africans.With a background of the four previous sub-regional workshops, presentations and discussions at the conference were focused on the key objectives of AFRACA which include:
• Policy development and advocacy• Capacity building (encapsulating innovative product and
best practice development) • Information and knowledge management and • Partnership and networking
The key technical input was presented by Dr. Calvin Miller, of the Food & Agriculture Organization of the United Nations (FAO).
Participants during the business session of the General Assembly.
AfrAcA Executive committe members during the opening session of the 18th General Assembly.
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More than 130 participants drawn from 22 countries within and outside Africa including India and Italy attended the event. Four (4) Deputy Governors were in attendance. 45 member institutions were represented.
The hosts of the General assembly treated the participants to a memorable gala dinner at the Accra stet house and in addition sponsored a one day’s trip in which delegates visited the Kakum Canopy walk, a major tourism attraction spot in Ghana.
Challenges of Agricultural Value Chain Finance (AVC)The review of the papers presented at the various sub-regional workshops over the two year period identified major challenges confronting AVC in Africa as follows:
• Need for Stakeholders at all levels to be actively involved in workshops.
• Importance of having a policy framework in place and political will to execute it.
• Critical role of tracking and monitoring by AFRACA of recommendations from workshops and meetings.
• Competition for donor funds from similar associations in Asia and Middle East
• Absence of a policy framework in respect of AVC• Lack of AFRACA’s clearly defined and communicated
involvement in strategy formulation. • Absence of resources to engage in exchange visits among
AFRACA members to disseminate success stories.• Insufficient financial assistance from banks and MFIs to the
rural dwellers.• Insufficient capacity to interconnect member countries’
website.
Technical Workshop Recommendations Over the two year period, recommendations from the workshops were as follows:
• Financial institutions need to consciously educate themselves on the agricultural value chain and its implications so as to know where and when to financially intervene in a most profitable manner. This is arising from the need for effective information flows and partnership with other stakeholders along the chain.
• Stakeholders in the agricultural value chain must make conscious investments in research technology that can be adapted to take advantage of the huge potential along the value chain. This would benefit from an up-to-date Market Information System, in view of globalization.
• Farmers' capacity should be built to be able to effectively apply technical requirements as well as make the most of administrative and financial facilities to enable them add value to their output.
• Value chain financing activities need to focus on downstream activities such as market network, processing, and exporting where significant values are added to the chain while at the same time taking care of the weakest part of the chain by empowering actors at this level. This will boost effectiveness and improve efficiency along the entire value chain.
• Agricultural policies should be monitored for long term effectiveness, this is important to avoid the perennial challenge of policy somersault that has been the bane of most countries in SSA. Governments should also be made to provide the critical infrastructure as well as the needed credibility for the system.
• Innovations such as the commercial village model; and agency banking (IT based mode of value chain financing) should be closely studied and adopted for the overall benefit of the value chain actors.
• Expand participation or size of the chain and coverage; and strengthen the chain by encouraging formation of effective economic interest groups to take advantage of positive synergy and corporate credibility.
• Create groups within AFRACA member countries that must ensure implementation and monitoring of recommendations; involve stakeholders in implementation of recommendations; and create follow-up road map through regional and national focal points.
• Form partnerships with international agencies and work in harmony with them to develop financial instruments adaptable to African agriculture.
• Develop appropriate risk indices suitable for the agricultural value chain, and adopt and implement risk sharing and safety net models by relevant stake holders.
• Establish a Regional Centre for Training in Agricultural Value Chain to facilitate the training of both the farmers and financial institutions’ personnel in value chain financing in SSA countries.
• Governments should establish Agricultural Market Information Centers in major cities to facilitate exchange of market information among countries in Africa. This could be on sub-regional basis for integration purposes.
• Governments through the various parliaments should reform regulatory frameworks so as to create openings for innovative financial products such as leasing, factoring, bond issues, certificates of deposit, futures exchange, and parametric insurance, payment systems that recognize
Delegates at the Gala Dinner, State House Accra.
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electronic currency, and credit reporting agencies. This would provide the needed legal backing for the ensuing contracts from the innovations.
• Governments should facilitate effective group formation for financing and technical capacity building. This could be accomplished through the Ministries of Agriculture, Central Banks, Banks of Agriculture and Non-Governmental Organizations.
• Build capacity on strategic partnership and relationship building for major actors along the agricultural value chain. This could be accomplished by sending farmers on training-of-trainer courses to step down the knowledge base to the farmer’s level. Similar procedure should be embarked upon by the financial institutions for their staff members to build their capacity on agricultural value chain financing.
Expanding the AFRACA Partnership and Networking Frontiers
As a key strategic area of focus, AFRACA has continued to strengthen existing partnerships and new ones created leveraging on the networking and brokerage role of the
association. AFRACA has established strong partnerships that are geared towards developing an inclusive financial sector in Africa aimed at empowering rural and agricultural communities.
The ACP-EU Technical Center for Agricultural and Rural Co-operation (CTA) and AFRACA partnership. CTA and AFRACA partner to Strengthen Smallholder-inclusive value chain finance in Africa.
CTA, a key AFRACA partner was established in 1983 under the Lomé Convention between the ACP (African, Caribbean and Pacific) group of states and the European Union member states. CTA is funded by the European Union and its mandate is ‘to strengthen policy and institutional capacity development and information and communication management capabilities of ACP agricultural and rural development organisations’CTA, with whom AFRACA has a long standing working relationship signed a comprehensive agreement for the joint implementation of the activities aimed at strengthening small holder – inclusive value chain finance in Africa.The objective of the project aims at fostering greater understanding of value chain finance among financiers and relevant policy makers, and stronger ability of farmers’ leaders to support and promote access of their constituency to value chain finance instruments.
Expected Results • Awareness, knowledge sharing and skills of financiers in
the area of value chain finance strengthened.
• Capacity of regional and national farmers’ organizations to support their members in initiating and engage in value chain finance strengthened, as is their capacity to represent the interest of their members in this area towards the financial sector and governments.
• Policy makers and regulators have a greater awareness of the potential and constraints for value chain finance, and of the policy, legal and regulatory conditions to make it work best.
This project recognizes that many financial sector players usually have insufficient understanding of the particularities of agricultural finance and do not provide a sound, supportive policy, legal and regulatory framework. In this regard, part of the key activities includes consultancy studies on relevant issues. The consultancy topics are as outlined below:
a. Collateral management for smallholder-inclusive value chain finance: The study will seek to answer the question: What is the scope for an African solution?” The goal is to have a feasibility study on a pan-African collateral management company that could be set up, collectively, by African banks.
b. Mapping survey on best practices in agricultural value chain finance among African financial institutions. This study seeks to provide an overview of best practices, including the use of associated tools such as (mobile) technology and risk management instruments.
c. A scoping study on opportunities for value chain finance for intra-African food trade – this study and its findings will be expected to feed into a high level event on “revolutionizing finance for Africa’s agriculture”, Specific areas to be addressed will include warehouse receipt finance/collateral management; creating capital-market instruments and traditional value chain finance.
The secretariat is calling on Bids for Consultancy services from experienced Agricultural and Rural Finance experts. Interested parties are requested to contact the AFRACA secretariat for more information regarding the specific Terms of Reference.
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AFRACA and Developpement international Desjardins (DID) Partnership
AFRACA and DID have partnered together in an initiative targeting
financial institutions in East & Southern Africa in a project entitled: Professionalization of Agricultural Credit MethodologiesDéveloppement international Desjardins inc., is a corporation legally constituted under the Canadian Corporation Act, with its headquarters at Québec, Canada. The project is aimed at building the capacity of select financial institutions in the deployment of financial services adapted to the needs of the rural population. The partners will select two MFIS based in East and Southern Africa and undertake specific activities such as: diagnosing agricultural financing, product development and training needs of participating institutions.In addition, the partnership will support the promotion and dissemination of best practices in rural finance. DID will work with AFRACA towards disseminating demonstrated best practices and outstanding results in rural/agricultural finance. This will largely be through thematic workshops, trainings and general awareness creation activities that will involve rural/agricultural finance experts.
Microfinanza Srl/EUIn partnership with Microfinanza Srl, Impact Finance and Association of Microfinance Institutions, Kenya (AMFI) and grant support from the European Union, AFRACA has rolled out a project: new financial products for a sustainable development and will involve three Eastern Africa Countries (Kenya, Tanzania, and Uganda) and one Western Africa Country (Ghana). The partnership with AMFI Kenya and AFRACA networks is aimed at providing an opportunity for rapid scaling up and capitalization in more countriesThe project aims at developing new financial products on green and sustainable technologies, specifically: financial products in green energy appliances such as energy saving cooking stoves, solar lighting and biodigester items for production of gas for domestic use. The whole project is based on strengthening the value chain approach concept and will involve technical providers, distributors, MFIs, providers of technical assistance, stakeholders.A total of 15 select MFIs from four countries are being involved and will have the opportunity to:
a. Attract new clients and better meet clients’ needs; b. Be more competitive in the local / national market
context; c. Increase their profitability; d. Strengthen their partnerships and new alliances with
local and national private and public stakeholders
AFRACA French Speaking Western Africa (WACRAT I) Chairman Sets Pace
The governance processes of AFRACA are imbedded in the Association’s constitution. For operationalization of its programmes, AFRACA is divided into 5 sub regions each
with a sub regional chairperson Within a few months as the new Chairman for the Afraca Western Africa Francophone Sub region (WACRAT 1), Mr. Wakil Adjibi, Director General/CEO, Vital Finance, Cotonou, Benin advocates close cooperation among WACRAT1 Afraca member institutions. Mr Adjibi in a move to strengthen and develop new partnerships hosted a meeting of MD’s/CEO’s of Afraca member institutions in Cotonou, Benin republic on the 9th January 2013. The meeting objective was to foster cooperation and institutionalizing joint peer to peer learning amongst Afraca members in the Western African sub-region. The meeting attracted 10 Chief Executives’ from six countries. The outcome of the meeting included a two year WACRAT 1 programme of activities 2013/14, comprising of Staff peer to peer exchange learning programme and joint trainings on risk management, International operations, ICT, HR, Audit etc. Such meetings are to hold twice a year.
Part of the planned initiatives to inform the professionalization of Agricultural Credit Methodologies project is a study on suitable Agricultural Finance products to rural communities. This study is aimed at supporting the development & deployment of a new product financial product.The secretariat is inviting interested parties to contact the AFRACA secretariat for more information regarding the specific Terms of Reference.
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Similarly, the AFRACA Eastern Africa Chairman, Prof Kinandu Muragu hosted an AgriFinance Networking dinner in honour of the newly elected AFRACA executive committee members who were visiting Nairobi in January 2013. The dinner attracted a large number of key sector players including leaders of development partners, heads of departments of government ministries and development agencies and also MD’s/CEO’s of financial institutions.
In this edition, we share with readers highlights and fall-out of the MFW4A International Conference, "Zipping finance and farming in Africa - Harnessing The continent's Potential". Kampala, Uganda, 29th - 30th June 2011.
AFRACA & MFW4A Partner to Promote The CAADP Agenda....The AFSWG & The Kampala PrinciplesBackground
A major outcome of the International Conference “Zipping Finance and Farming in Africa: Harnessing the Continent’s Potential” held on June 29th -30th, 2011 in
Kampala, Uganda was the announcement that an Agricultural Finance Stakeholder Working Group (AFSWG) would be established under the joint umbrella of Making Finance Work for Africa (MFW4A) and the African Rural and Agricultural Credit Association (AFRACA). The AFSWG was inaugurated at a meeting at the Kenya School of Monetary Studies (KSMS), in Nairobi, on 22-23 November 2011. The meeting was attended by, among others, experts from the African Union Commission and NEPAD1 Planning and Coordinating Agency (AUC/NPCA), the Alliance for Green Revolution in Africa (AGRA), Ministries of Finance, central banks,
1 New Partnership for Africa’s Development (NEPAD)
banks, farmer organizations and research institutes, as well as representatives of USAID and GIZ as observers. The AFSWG constitutes a network of African stakeholders with rich experience and expertise in agricultural and financial sector issues and a demonstrated stake in and commitment to driving forward the agricultural finance agenda on the continent. As the network is inherently inclusive and as many interested parties were not able to be present at the inaugural meeting, the AFSWG encourages all African stakeholders who have not yet joined to become part of the working group and to participate actively in achieving its goals. An explicit objective of the network is to support the implementation of the ‘Kampala Principles’ derived and endorsed at the "Zipping Finance" conference. The Principles are policy guidelines that suggest pivotal actions to unlock the potential of finance to assist agricultural development on the continent and thereby to support the achievement of the goals of the AU/NEPAD’s Comprehensive Africa Agriculture Development Programme (CAADP)2.The AFSWG also aims to harness the recent momentum created by the G-20 to increase financial inclusion as a means to enhance agricultural development in Africa. AFRACA News brings to you in this edition the Kampala Principles.
Key Outcomes of the Kampala Conference - The AFSWG - Kampala PrinciplesFinancial inclusion is a key to achieving MDGs and to Africa’s development. The MFW4A Conference held in Uganda in June 2011 recognised that while Agricultural Finance is a part of the overall financial system of a country, the financial services needs of Agriculture Sectors in Africa are pressing, and demand special attention. The Kampala Principles are intended to suggest actions to give effect to this objective. Readers may access the Kampala Principles online: www.mfw4a.org/kampala-principles
2 African Head of States and Governments endorsed the CAADP at the Maputo Summit in 2003
cEOs of AfrAcA member institutions from the french Speaking Western Africa sub region meeting under the auspices of the chairman, Mr. Wakil Adjibi, the Director General/cEO, Vital finance, cotonou, Benin.
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As part of the work of AFRACA’s efforts in focusing on women and youth empowerment over the years, we reproduce in this edition some of the previous work done by the network that took place 20 years ago (June 1992). It is worth noting that this article demonstrates how AFRACA has been in the forefront advocating for the economic empowerment of women. This is in keeping with AFRACA vision, “Improved access to sustainable financial services to the rural and agricultural sector.” AFRACA continues to partner with member institutions and other stakeholders in promoting women and youth empowerment.
Financial Services for African Women (reproduced from AfrAcA NEWS Volume 14 of 1992)
Women receive only a fraction of the credits and financial services provided by the financial institutions in Africa even though women constitute 45-90% of
the agricultural labour force, thus forming the backbone of the African economies. This problem was discussed in the AFRACA Workshop on Women’s Access to Financial Services in Africa which was held in Lagos, Nigeria, on May 25th – 29th 1992. The aim of the workshop was to analyze the obstacles which hinder women from utilizing the formal financial services and to provide recommendations to AFRACA member institutions on how to improve the situation.The workshop, which was hosted by the Central Bank of Nigeria and other AFRACA member institutions in Nigeria, was attended by about 60 participants from 8 African countries and some international organizations. The First Lady of Nigeria Dr. (Mrs.) Maryam I. Babangida honoured the workshop by delivering a key-note address to the opening of the workshop through the wife of the Lagos State Governor Mrs. Adedoja Otedola. The opening ceremony attracted about 150 people including the participants to the workshop as well as representatives of various Nigerian Banks and international organizations.The constraints which women face are very similar in different African countries and they are usually due to the socio – cultural environment. Women are less educated than men, thus they are not aware of the existing financial services. Also complicated bank procedures and application forms cause problems. Traditionally the woman’s place has been and still is at home and therefore women are not used to handling financial matters with formal financial institutions and often fear approaching the banks. Furthermore, the bank staff, which are mostly men, do not take into account the special needs of women when serving them. Customarily women don’t own land or other property which could be used as a security and therefore women are not able to comply with the collateral requirements of the financial institutions.All these problems and many others were thoroughly discussed during the panel sessions of the workshops as well as in the working groups. There was a general consensus among the
participants that special schemes should be established in order to facilitate women’s access to financial services. These special schemes should give priority to women without, however, excluding men. According to the previous experience mixed schemes are preferable in order to promote women’s integration to the formal economy.Other recommendations are included in the following communiqué which was adopted by the workshop:
AFRACA Workshop On Women’s Access To Financial Services In Africa held at Federal Palace Hotel, Lagos-Nigeria From 25th - 29th May 1992
CommuniqueThe workshop was held under the auspices of the AFRACA Secretariat. It was declared open by the 1st Lady of the Federal Republic of Nigeria, Her Excellency Dr. (Mrs.) Maryam I. Babangida, who was ably represented by the wife of the Lagos State Governor, Mrs. Adedoja Otedola.The Workshop noted the following:-
1. That women’s awareness of available financial services is very low;
2. That the current policies and procedures of the financial institutions do not facilitate women’s access to financial services;
3. That women resort to the informal sector for their financial needs due to the simple procedures and promptness in obtaining the required services;
4. That due to their low educational level and socio-cultural constraints, women tend not to avail themselves to institutional financial services;
5. That the high cost of administering small credits discourages financial institutions from lending to women.
6. The bank staff are not sufficiently sensitized to the roles and needs of women;
From the Archives
AFRACA NEWS | Edition 71
7. That in general women’s heavy workload hinders them from taking advantage of the available financial services;
8. That where women have been availed of financial services records show that repayment rates have been relatively high.
Therefore, the workshop resolved as follows:-i. That agents of intervention, (Non-Governmental
Organizations (NGOS), International bodies, governments, local leaders, Associations, etc.) should collaborate with financial institutions in their programmes for the purpose of disseminating information on available financial services to women.
ii. Financial institutions especially AFRACA member institutions, should design a package and disseminate the information through various means such as radio, posters in pictorial form, dramatized serials on radio, mobile cinema vans and or video tapes in local languages. Campaigns should be mounted on market and festival days. Community and opinion leaders should be made to play a catalytic role in such campaigns.
iii. Banks should liberalize their lending policies to women in particular and rural dwellers in general, taking into consideration:
• Interest rates• Collateral requirements• Creating of special lending schemes with special
funds set aside for that purpose.• Simplification of bank procedures for easy com-
pensations and reduction of processing time for the loans
• Taking banking services to their clients in the rural areas using mobile banks, establishing rural branches, and adjusting their working hours in line with the rural social and economic set up
• Improvement of credit delivery and monitoring systems to facilitate loan recovery.
iv. Grants and aids sourced for women’s programmes from international agencies should be channeled through bans for effective utilization
v. Women in financial institutions should be given the opportunity to hold decision-making positions.
vi. That informal financial groups, government and nongovernmental organizations could serve as intermediaries between banks and women for mobilizing savings, on-lending and monitoring. Such Schemes as Women World Banking (WWB) affiliates and rural farmers’ schemes operating in some African countries should be studied by AFRACA for information of member institutions.
vii. Specialized women’s schemes would increase efficiency, foster macro-economic growth, generate income through increased output and improved socio-economic welfare of the family.
viii. Special schemes should be tailored to local needs and be self financing to include training in business management, group formation, home economics and other skills.
ix. Women should be more assertive and make effort to take advantage of available financial services.
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Mobile Banking and Agency Banking Experiences from Kenya 10th - 14th, September 2012Five participants from the Dar es Salaam Commercial Bank, Tanzania were facilitated to participate in a technical exchange programme in Kenya between 10th – 14th September 2012. The host institutions included the Kenya Women Finance Trust (KWFT), Cooperative Bank of Kenya, Cellulant Ltd, Jamii Bora Bank, Kenya School of Monetary Studies (KSMS) and K-rep Bank. The host institutions provided useful learning based on their practical experiences on the key subject of the study programme; Mobile and Agency Banking.
The participants included the Managing Director / C.E.O DCB, and three Chief Managers, (Commerce, Banking Operations & ICT).
The 2012 TCDC Programme on Youth In Agriculture and Rural Development 17th - 21st , September 2012The TCDC 2012 programme was held in September 17th - 21st, 2012, in South Africa, and was hosted by the National Youth Development Agency (NYDA), one of AFRACA’s member institutions. This programme focused on Youth in Agriculture and Rural Development, in addition to Agriculture and Rural Finance.
Five countries with a total of eight (8) member institutions were represented, and there were 16 participants in all. The programme covered the strategic approach to youth involvement in development and exposed participants to practical experiences within South Africa and all participants gained useful lessons.The AFRACA secretariat wishes to register sincere thanks to the entire management of NYDA, Mike de Klerk of FinMark Trust and the various government departments that provided a learning platform for the participants attending this TCDC programme. Special thanks to Stephen Mirero, Technical Advisor Economic Development, NYDA and Mikede Kleru acting Rural Agricultural Farming theme cordinator for all their efforts.
AFRACA Participates in 13th SACCA Congress 2012 In Kampala, Uganda, September 2012 AFRACA participated in the above mentioned global event at the invitation of the African Confederation of Co-operative Savings and Credit Associations (ACCOSCA). The meeting was hosted by the Uganda Cooperative Savings and Credit Union (UCSCU) in Entebbe, Uganda on 23rd - 26th September 2012 at Imperial Resort Hotel & Convention Center. The event was also marking the International Year of Co-operatives in cognizance of the impact of cooperatives in economic growth. More than 100 participants from all over the world attended and a wide range of topics were covered show-casing various stages of co-operative development and its impact across Africa under the theme: Governance - “Prosperity of Nations through the Cooperatives Model”. In recognition of the role AFRACA in improving the rural and financial development, the programme coordinator presented a key paper entitled, Advancing the Financial Inclusion agenda in Africa: Rural and Agricultural Perspective.
The AFRACA Technical Cooperation among Developing Countries Programme (TCDC)
The 2012 TcDc participants visiting the National Youth Development AgencyOffices(NYDA),September2012inJohanesburg,SouthAfrica.
The Technical Cooperation among Developing Countries (TCDC) is one of the main capacity building programmes implemented by AFRACA. Since 1983, AFRACA has been conducting TCDC programmes and these have contributed significantly to successful practical transfer of knowledge, skills, ideas and experiences in rural and agricultural finance.
The key objective of this programme is to support member institutions to provide sustainable quality financial services to the rural and agricultural communities through up scaling staff and institutional capacities of members. In February 2012 AFRACA successfully facilitated the first Exchange Programme between the Bank of Agriculture in Nigeria and several Kenyan based financial institutions.During the July to September 2012 period AFRACA organised the TCDC Programme as shown below;
Book your slot in the next international Study Visit on Mobile and Agency Banking to take place in
May 6th – 11th 2013, Nairobi, Kenya.
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International Course On Islamic Banking & Finance, Jakarta & Bandung, Indonesia, 29th October – 3rd November, 2012AFRACA in collaboration with the Centre for Training & Research for Agricultural Banking (CENTRAB), organized a highly interactive International Course on Islamic Banking and Finance in Jakarta & Bandung, Indonesia from the 29th October - 3rd November 2012. CENTRAB based in Manila, Philippines serves as a training & research arm of the Asia Pacific Rural and Agricultural (APRACA) one of the AFRACA’s sister institution. Objectives of the program included:
• Acquainting participants with the concept of Islamic Banking;
• Familiarizing participants with various products and services of Islamic banking and finance
• Introducing the role of the authority in developing the Islamic banking and finance industry
• Taking a closer look into the activities of Islamic Commercial Bank and Islamic Rural Financial Institutions.
Eleven (11) senior managers from five AFRACA member institutions participated in the course. In maintaining the momentum following the success of this programme, AFRACA in collaboration with the Kenya School of Monetory Studies (KSMS) and APRACA CENTRAB is organising a similar training in Westen Africa.
Strengthening South South Cooperation – AFRACA Secretary General (SG) Leads 18 - man APRACA and AFRACA Delegation to Japan, February 2013In continuation of strengthening the relationship between AFRACA and other sister organizations, and establishing new development partners, Mr. Saleh Usman Gashua, the Afraca Secretary General, led a team of senior officials from financial & non – financial institutions drawn from eight countries on an International Exposure Visit Program on Agricultural Finance and Credit Business Cooperatives to Japan from February 14 – 21, 2013.
The program consisted of a two day lectures in Tokyo including a presentation by JICA and four day field visits to Hyogo and Osaka including visit to Disaster Reduction and Human Renovation Institution and The Agri-Food EXPO, an agricultural product exhibit and business fair in Osaka. The field trip also included visits to Rice, Dairy farm, AFFF Unit Kobe Branch, JFC, Agricultural cooperative, Strawberry farm, Food processing factory and many more initiatives.
Key LearningsAmong the key lessons learnt, the program showcased
• Japan’s laudable agricultural finance initiatives, • The multiple functions of agricultural cooperatives
including marketing and credit.• The role of Japan Finance Corporation (JFC) in supporting
the various segments of the agricultural value chain. A key take away for the participants was that long term funding from JFC at near zero interest rates has been a key driver of the development of the agriculture sector in JapanOne of the major fall out of the event include developing closer ties between AFRACA and JICA. The AFRACA secretariat has already initiated follow- up steps with the JICA headquarters on a possible collaboration.
AFRACA Strengthens its Relationship With the World Bank Agrifin DepartmentFollowing the participation of AFRACA in the “Financing Agriculture Forum 2012” in March 2012 – Kampala, Uganda, the association has established closer ties with the World Bank Agriculture Finance Facility (AgriFin). AgriFin is an initiative funded by the Bill & Melinda Gates Foundation and managed by the World Bank to transfer capacity on agriculture finance. AgriFin supports the strengthening and scaling up of agriculture finance business models and actively promotes peer-to-peer learning and networking among agriculture finance practitioners globally. Among the notable initiatives is the monthly webinar series which is scheduled information sharing platform that links subject matter specialists with participants from financial institutions across the world. AFRACA members are invited to subscribe into the monthly webinar series and benefit from the wealth of practical knowledge shared during the sessions.
The paticipants from different countries which included India, Sri lanka, Philippines, Laos, Uganda, Tanzania, Nigeria and Kenya, pose for a group photo at Osaka castle, Japan.
The AfrAcA Secretary General, 2nd right with some of the participants attending the study visit to Japan in february 2013 at fujimoto Strawberry farm in Kobe, Japan.
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In previous editions under the feature Know our Members&Partners,weprofiledthefollowing;
AfrAcA NEWS Edition 68 (Jan - Mar 2011)
The Kenya Women finance Trust, Kenyawww.kwft.org
The Dar es Salaam commercial Bank Plc (DcB), Tanzaniawww.dcb.co.tz
caisse Nationale de crédit Agricole du Sénégal, Senegalwww.cncas.sn
Union of Mutual Savings And Loans Ya Komor (U-MeCk),comoroswww.u-meck.org
The Kenya School of Monetary Studies (KSMS), Kenyawww.ksms.or.ke
Banque Nationale de Developpement Agricole (BNDA), Maliwww.bnda-mali.com
Micro Bankers Trust (MBT), Zambiawww.mbt.zm
Banque Nationale de Developpement Economique WW(BNDE), Burundiwww.bndesm.com
Association of ethiopia Microfinance Institutions (AeMFI),Ethiopiawww.aemfi.org
centenary Bank, Ugandawww.centenarybank.co.ug
The co-operative Bank of Kenya, Kenyawww.co-opbank.co.ke
ASUSU cHIGABA, Nigerwww.asusu.org
Union Bank of Nigeria, Nigeriawww.unionbankng.com
cETZAM financial Services Plc, Zambiawww.cetzam.com.zm
In this edition, we present the profiles of another set of AFRACA member institutions. This is only a brief write-up and is by no means an exhaustive account of achievements of the institutions that are featured. For more details or one on one contact with the member institutions, readers may wish to visit the relevant websites and/or contact the Afraca secretariat for further guidance.
Reliance, The Gambia
Reliance financial Services company Limited (reliance) is a non-bank financial institution, founded on theprinciples of professionalism, socio business ethics,
integrity and transparency to all stakeholders and strongly upholds the values of good corporate governance.
Reliance is a very active member of the AFRACA and has been participating in the networks events and activities for many issues. The Institution was granted a full licence by The Central Bank of The Gambia in December 2006, to operate as a Non-Bank Financial Institution. Thus, the institution undertakes non-bank financial intermediation by raising deposits and advancing loans from/to the public.
Reliance formally opened her doors to the public on 19th December 2006 as a soft launch of her operations.Reliance is The Gambia’s fifth non-bank financial institution (NBFI), founded and managed by three Gambians. Reliance is licensed and regulated by the Central Bank under the Central Bank of The Gambia (CBG) Act No.14 of 2005 on 11th December 2006 and commenced operation on 19th December 2006. The licence allows Reliance to mobilize deposits from the public and provide credit services to micro, small and medium businesses as well as private individuals. The company delivered its first full year profits in December 2010 of GMD3.1 million (USD112,000) and in 2011 posted profits of GMD3.6 million (USD130,000). The original shareholders of Reliance were ShoreCap International and Stitchting Triodos Does private equity investors with 82% of the shareholding, 6 private local individuals with 11% and three founders owning 7%.
AfrAcA NEWS Edition 69 (Apr – Sept 2011)
AfrAcA NEWS Edition 70 (Oct 2011–Jun 2012)
Know our Members & Partners....AFRACA NEWS | Edition 71
reliance, The Gambia
NAErLS, ZArIA, Nigeria
federation of Burkina credit Unions
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In the second quarter of 2007, Reliance was granted a Foreign Exchange License by the CBG to trade in currencies, mainly in USD, GBP, EUR and CFA. In furtherance of this objective, Reliance was appointed on 3 September 2007 by Western Union as its fourth direct agent in The Gambia. This extended Reliance’s services to International and Domestic Remittances. In 2011, Reliance added Money Express and RIA to its network of international and global remittances organizations thus enhancing its remittances capability in The Gambia.
Reliance’s mandate is to democratize financial services, to make financial products widely and easily accessible to all Gambians, irrespective of their socio-economic status and geographic locations. Reliance is a triple bottom line institution, with profitability and development impact and preserving and protecting the environment playing complementing roles in achieving its mission. Reliance offers a full range of services and has a core focus on serving micro and small businesses. Reliance serves its target segments through innovative delivery channels. In addition to its core branches and agencies, Reliance employs direct sales agents and deployed kiosks to expand outreach into its communities. The kiosks are manned by one or two employees at a time, which enables Reliance to reach out to its customers, and provide easy access and convenience at minimal operating costs. Reliance’s strategic intention is to “take financial services to the customers” given the fact that its customers are scattered in different commercial locations and often feel uncomfortable doing business outside their communities.Gambia is not a large country, which made the impact of Reliance’s entrance much greater than would be possible in most other countries. In most African countries, starting a new microfinance institution would have a relatively localized impact. However, in The Gambia, Reliance was able to transform the entire market within less than four years of starting its operations. Reliance has been operational since December 2006 and, despite the relatively short time period, has become the market leader in the microfinance sector. Our Regular Savings Account product was acknowledged by The President during the 22nd July 2008 Celebrations due to its popularity with the average Gambian folk. In 2007, Reliance also received three awards from the Local Chamber of Commerce out of six categories namely: Business Person of the Year, Young Entrepreneur of the Year and SME of the year.
for further details, contact reliance at;Reliance Plaza, 46A Kairaba Avenue, K.S.M.DThe GambiaTel: 220 4390070; 220 4390071 | fax: 220 4390155E-mail: [email protected]
Website: www.reliancegambia.com
The National Agricultural Extension and Research Liaison Services (NAERLS)
NAErLS became a member of the AfrAcA network in 2011, and the research and extension institution brought with it much needed experiences in practical
research and extension. Indeed, the presence of NAErLS inAFRACA is expected to addonto the list of benefits thatmembers can access from the networking and partnership opportunities this institution provides.
The National Agricultural Extension and Research Liaison Services, of the Ahmadu Bello University (NAERLS/ABU), is one of the Research Institutes `supported by the Federal Ministry of Agriculture and Natural Resources. The Institute is charged with the primary responsibility of research, development, collation, evaluation and dissemination of agricultural technologies to rural farm families and other interested end-users.
NAERLS, ZariaLegendary Special Support Service Delivery to Practitioners in Agriculture in Nigeria.
Introduction Agriculture is the oldest profession on earth that deals directly with the sustenance of life for mankind. Owing to increasing population and the need for increased food, fibre and animal production, there came also the need for agricultural extension research, as well as its cognate extension support services, without which the impact of research would not be felt. Agricultural extension services are, therefore, intended to play a major role in the agricultural development of any country, if that country is to attain self food sufficiency/security and industrial development. The above informed the establishment of National Agricultural Extension and Research Liaison Services (NAERLS) in Northern Nigeria in 1963. From a humble beginning as a Research and Liaison Section (RLS) of the Northern Regional Institute for Agricultural Research, NAERLS grew up, with time, as a result of the recognition of the important role it needed to play, and which role it started to play in the agricultural development of the Northern Region first; the ten Northern states later, and currently the entire country in general. NAERLS became an autonomous institute in 1975 and in 1989, was given a national mandate to cover the entire country. After 37 years of ever evolving responsibilities in the business of specialist support services, the institute is one of the Agriculture-based Research Institutes (NARIs) in Nigeria and has highly trained personnel and developed facilities to effectively extension research, coordinate, regulate and monitor services delivery and provide specialist support to rural and other public and private institutions across the country.
Baboucarr Khan ChiefexecutiveOfficer reliance financial Services company Ltd
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Know our Members & Partners....
Today, NAERLS is one of the federal parastatals of Federal Ministry of Agriculture and Rural Development (FMARD) where the Agricultural Research Council of Nigeria (ARCN) supervises its research activities along with other agric research organizations, colleges of agric, etc. Also, NAERLS is among the three agricultural research institutes that are part of Nigerian University system. Others include the IAR (Samaru) NAPRI (Shika) all of which are under the Ahmadu Bello University (ABU), Zaria, This relationship implies that although the institute receives most of its funding from FMARD, its staffs are employees of ABU, Zaria and fully participate in teaching and supervision of both post and under graduate students in the relevant academic departments and faculties .Our deliverable and performance indicators such as annual work plans, annual reports, completed research reports, and extension print audio and video materials, documentaries etc are published on our website (www.naerls.gov.ng) which can always be access. It is our hope that this brief introduction will provide a helpful insight into our institute. We can be reached via [email protected] to share any view point. Ps: Dr. Ilu Ismaila was recently appointed as the new Executive Director at the expiry Prof. Abubakar tenure.
The Mandate• Advance the frontiers of extension Research and Services• Conduct agricultural Performance assessment and provide
feedbacks• Build the capacity and skill of key actors for effective
extension service • Plan, coordinate, monitor and evaluate REFILS activities• Package and disseminate improved agricultural innovations• Review and support extension activities of other agric
research Institutes
Programme AreasThe Institute's research, extension, training, outreach and other professional/consultancy activities are carried out in four (4) research programs, three (3) programs and two (2) business outfits: extension training and outreach programme areas.
1. research Programmesa. Agricultural Performance and Evaluationb. Agricultural Extension Researches c. Agricultural Economics, Policy and Resource
Managementd. Agricultural Communication Research
2. Extension Training and Outreach Programmes a. Agricultural Extension Training and Outreach b. Library Documentation and Information Resourcesc. Skill Acquisition and Development Center
3. BusinessOutfitsa. NAERLS Suites and Conference Center Ltdb. NAERLS Printing Press Ltdc. NAERLS Radio and TV Studios
Linkage with University System The academic staffs of the institute also participate in active teaching and supervision of post graduate and undergraduate students in the over 25 academic departments in Faculties of Agriculture, Veterinary Medicine, Engineering, Arts and Social Sciences in Ahmadu Bello University, Zaria as well as in the Colleges of Agriculture located at Samaru (Mechanization, Agric Extension, Farm Management) at Kabba (Horticulture, Food Science, Home Management) and at Mando-Kaduna (Animal Health, Range Management, Fisheries, Animal Husbandry) all of which are part of Ahmadu Bello University, Zaria. Staff of the institute further participates in external and internal examinations of various degrees and assessment of professorial cadres in the country’s university system.
The institute accepts students from agric-based tertiary institutions on industrial attachment for hands-on-the-job training and exposure to the realities of the courses they are studying especially the skill aspects to develop entrepreneurs.
Successful Promotion and Campaigns on AgricultureThe institute led in the design and successful implementation of nationwide promotion and/or creating awareness campaigns on various agricultural policies, new innovations, improved practices, etc considered critical for the development and growth of the agric sector. The followings are some examples over a period of 35 years:
• Operation Feed the Nation,• Use of inorganic chemical fertilizers, • Use of tractors for land tillage and stationary farm
operations, • Use of chemical herbicides, fungicides, insecticides
for crop protection,
AFRACA NEWS | Edition 71AFRACA NEWS | Edition 71
African Rural and Agricultural Credit Association | 21
• Green Revolution Programme, • National Accelerated Industrial Crop Production
Programme,• Bee keeping and Honey Production, • Grape and appeal Fruits Production enterprise, • Cultivation and Use of Hybrid and Quality Protein
Maize, • Poultry and fish production enterprises,
for further details, contact NAERLS at;
Headquarters, NAERLS,
ABU, ZARIA,
P.M.B. 1067, Zaria.
E-mail: [email protected]
Burkina Network of Credit Unions
Brief on the Burkina Network of Credit Unions
The Network of the Burkina faso credit Unions ‘’rcPB’’ is a mutualist movement governed by the Law no. 023-2009/AN of the 14th May 2009.
Historically, the creation of the first Credit Unions can bedated back to 1972 from the Ghanaian Experience on credit Unions supported by the canadian International Society for rural Development.
From 1972 to 1984, the number of Unions has continued to rise in the region. From 1985, other part of the country such as the Northern and the Central region followed suit. This expansion has thus given to the concept of Unions.
The Structuring of the Network “RCPB”The RCPB network is a cooperative movement made of unions at the base and technical assistance structures to support. The Unions representatives play an important role to support the network.
Mission One of the missions of the Credit Unions is to assist its members by improving not only their lives but also the community through a spirit of solidarity and collective responsibility.
• Mobilization of local savings;• The cooperative business development of savings and
reliable and efficient credit;• Promotion of financial products and services accessible
and responsive;• Administration and democratic management according to
the rules and cooperative principles in the care and respect of the human person.
ValuesThe Network of Burkina Credit unions advocates the following values:
• Respect for people• Respect for the principles of honesty and integrity• Respect for the common good• Compliance with laws and regulations• Respect for the organization
CommitmentsThe Network of Credit Unions of Burkina Faso made the following commitments:
• Equity to its members• Poverty alleviation• Excellence
Products and ServicesMembers of the Credit unions have a wide range of financial products and services available.
• Savings Products• The regular savings• Current deposits or sight deposits: provide secure income
and ensure availability at all times• Fixed term deposits (FTD)
Specialized SavingsOne can access a desired loan when the person has accumulated savings.
Credit ProductsThe Credit union allows the realization of projects of its members through appropriate funding;
• The conventional loans:• The consumer loan : it concerns payday advances, social
loan, the party loan, school loan, furniture loan, car loan, housing loans;
• Agricultural loan : for the purchase of inputs and equipment, fattening credit;
• Business loan : financing for working capital, inventory stock;
• Community loan: credit for the group.
The Specific Credit• Credit to women• Credit to businessmen• SCM Credit• Youth Credit.
Non-financial services: advisory support, awareness and training.
for further details, contact Burkina Network of credit Unions at;E-mail: [email protected], Website: www.rcpb.bf
AFRACA NEWS | Edition 71
Know our Members & Partners....
African Rural and Agricultural Credit Association | 22
AFRACA NEWS | Edition 71
Some of AfrAcA Events in Pictures 2011 - 2012
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2
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5
3
1
2
3
4
5
The 3rd AfrAcA central Banks; Theme: Financial Services for Food Security: Leveraging on Innovation. Central Bank Governor flanked by the AFRACA chairman, members of the Executive Committee, participants and senior government officials at the White Sands Hotel and Spa, Mombasa. May 2011
TheAFRACA&DevelopmentPractitionersMicrofinanceRoundtable,Addis Ababa, Ethiopia, September 2011. Front row, representative of Africa Union Commission, East African AFRACA Regional Chairman, AFRACA members and partners.
The AfrAcA central Africa and Western Africa franco phone workshop, October 2011. The honarable minister of Finance along with Governor Central Bank Burundi, MD/CEO BNDE, Burundi , AFRACA Secretary General and other distinguished guests and participants.
The AfrAcA Eastern Africa Sub regional Workshop, Dar Es Salaam, Tanzania; May 2012. The Tanzania Minister for defense, representing the Prime Minister of Tanzania, with dignitaries and participants during the AFRACA Eastern Africa sub regional workshop at Kunduchi Beach Hotel, Dar es Salaam, Tanzania. May 2012.
The AfrAcA Western Africa (English speaking) Sub regional Workshop; Abuja, Nigeria; June 2012 Front row, The Deputy Governor Central Bank of Nigeria, Group MD/CEO Union Bank of Nigeria, AFRACA Secretary General, other CEOs along with key industry players.
AFRACA NEWS | Edition 71
African Rural and Agricultural Credit Association | 23
This Edition Champion Lady is Her Excellency Tumusiime Rhoda Peace
Commissioner for Rural Economy and Agriculture at The African Union Commission This brief is by no means exhaustive of the work and achievements of Her Excellency Tumusiime Rhoda Peace.
The ChampionHer Excellency Rhoda Peace Tumusiime as the Commissioner for Rural Economy and Agriculture at the African Union re-elected and re-appointed at the 19th Ordinary Session of Heads of State and Government of the African Union in July 2012 in Addis Ababa, Ethiopia, has a portfolio that covers multiple sectors ranging from crop agriculture, livestock,
fisheries, forestry, land, water, environment, climate change, climate services, disaster risk reduction to rural development. She has mobilized and closely worked with other Pan African Institutions and Development Partner Agencies in all those areas to secure and provide support to AU Member States. Her efforts have yielded increased country responses in the framework of the Comprehensive African Agriculture Programme (CAADP) to promote agricultural production, productivity, food and nutrition security on the African continent.
One of the key results of her efforts has been that from one country which had signed a CAADP Compact over a period of four years, the number has risen to 30 within the period of Tumusiime’s leadership of the AU Department of Rural Economy and Agriculture. Further, she spearheaded the coordination of Africa’s preparations for global climate change negotiations and the formulation of a continent-wide climate change strategy. She also steered Africa’s preparation
of the Disaster Risk Reduction Action Plan in line with the global Hugo Framework, in order to garner support for African nations and communities’ building of resilience to counteract frequent and intensifying natural disasters. These two areas which, globally, have been applauded, put Africa’s unified and strong position high in global politics.
Her expertise and experience as well as commitment have won her a number of key positions on regional and international organizations, such as membership of the High-level Advisory Panel of UNISDR, Advisory Board of Expo 2015 dedicated to the Theme: Feeding the Planet, Energy For Life, Advisory Council of the International Food Policy Research Institute (IFPRI), Governing Board of the International Fertiliser Development Centre (IFDC), Chair of the African Fertiliser Financing Mechanism (AFFM), Chair of the ALive Platform for livestock development in Africa, among others.
Prior to assuming this portfolio, Her Excellency Tumusiime held various senior positions in the Government of the Republic of Uganda, including Commissioner for Agriculture Planning and Commissioner for Women and Development, where she contributed to Uganda’s agricultural modernization and Uganda’s acclaimed gender policy. She is a holder a Bachelors’ Degree in Agricultural Economics, a Masters Degree in Economics, Planning and Managing Rural Development, and a Diploma in Women and Development.
Throughout her career, she has demonstrated leadership and championed causes such as women empowerment, poverty eradication, agricultural development, strategic planning and partnership building, among others.
Success Trails...Trailing the Champions
In the previous edition 70 (Oct 2011 - Jun 2012) of the AFRACA News, we featured, The Governor, central Bank of Nigeria, Mallam Sanusi Lamido Sanusi as one of the rural and agricultural inclusion champions. AFRACA recognized that under his leadership, the Central Bank of Nigeria has accomplished remarkable successes in advancing financial inclusion agenda to the rural communities.
Earlier, in edition 69 (Apr - Sept 2011) of this informative newsletter, AFRACA recognized the outstanding work of the Alliance for a Green revolution in Africa (AGrA). We featured the work of AGrA and Dr.
Namanga Ngongi, who was the then president of the organization. AFRACA recognized the accomplishments of AGRA in the field of innovative finance and resource mobilization in support of agricultural value chain development in Africa.
Readers are invited to send in nominations; either institutions or personalities
acknowledged as sector champions.
The continuing AFRACA newsletter feature The Champions is aimed at tracking and celebrating outstanding achievements in rural and agricultural financial inclusion in Africa.
AFRACA NEWS | Edition 71
African Rural and Agricultural Credit Association | 24
Highlights of the AFRACA Strategic Development Phase 2013 – 2015The AFRACA strategic plan/phase ended in December 2012. The next phase of the AFRACA development programme will be implemented under four main focus areas as shown below.
• Policy development and advocacy• Capacity building (encapsulating Innovative and Best
practice development/ replication)• Knowledge Management and Information sharing• Partnership and Networking
The Secretariat invites and is open to suggestions and partnership opportunities aimed at accelarating rural & agricultural development in the continent.
Transforming the TCDC Programme – for Value AdditionTechnical Exchange among Developing Countries (TCDC) programme, which is a flagship AFRACA product, shall be re-packaged in the next development phase along incountry and multicountry Learning routes. Re-engineering it alongside the learning routes will make the programme more focused and thus value adding to member institutions. This activity will function around demonstrated competences and innovative initiatives of member institutions and other partners.Some of the 2012 TCDC "Learning Routes" focus areas shall include but not limited to;
• Mobile and Agency banking• Wholesale lending for agriculture development• Retail lending for agriculture and rural development• Policy reform and Supervision in Agriculture & Rural
Development• Training - Agricultural finance courses• Agricultural Value chain financing and access to market• Financing models (contract farming, warehouse receipts,
collateral management, leasing, equity finance, supply and structured commodity finance)
• Central Bank Schemes on Agriculture lending• Islamic Banking• Risk sharing for Agricultural lending• Savings and Cooperatives
The 6th Rural Finance Thematic Workshop for Eastern and Southern Africa, 2012
Theme: Effective Rural Finance Delivery Methodologies for Increased ProductivityThe AFRACA Secretary General joins other participants for the Rural Finance Thematic workshop for Eastern and Southern Africa, that was held in Maputo, Mozambique (12th September 2012).
The AFRACA Secretary General and Programme Coordinator meet Governor, Central Bank of LesothoDr. A. Matlanyane (right) with the AFRACA Secretary General, Saleh Usman Gashua in September 2012, Pretoria, South Africa.It is worth noting that Madam Governor has been a onetime Chair of the AFRACA network. During the meeting with the AFRACA team, she reiterated her support for AFRACA. She is a strong advocate for women empowerment and indeed an ardent supporter of the ideals of the AFRACA network.
Visit to the Landbank and the Reserve Bank of South Africa The Landbank of South Africa, is a strong financial institution that is turning 100 years at the end of 2012. The Landbank, in partnership with other member institutions has hosted major
News and Annoucements
Participants at a photosession during the rural finance Thematic workshop for Eastern and Southern Africa, that was held in Maputo, Mozambique (12th September 2012).
The AfrAcA Secretary General and Madam Governor of Lesotho central Bank pose for a photograph.
The AfrAcA Secretary General and Programme coordinator at the LandBank headquarters in South Africa.
African Rural and Agricultural Credit Association | 25
AFRACA NEWS | Edition 71
AFRACA events before in South Africa. The secretary general and Programme Coordinator travelled to the LandBank headquarters and had a most fruitful discussion with three senior directors of the bank. This was in an effort to encourage the Landbank to be more active in the affairs of the network. With the support of the Chief Executive Officer, the officers present promised to pursue the matter further.
Visit to the Reserve Bank of South AfricaThe AFRACA team, accompanied by the FinMark Trust acting Rural/Agricultural Finance theme coordinator (Mike de Klerk) visited the Reserve Bank of South Africa and held very insightful discussions with
Mr. Tshegofatso Gape, the General Manager, Supervision – co-orperative banks (Financial Stability Department).
The AFRACA Secretary General & Programme Coordinator Pay a Courtesy Call to the Nepad Planning And Coordinating Agency Offices in Johanesburg, South AfricaThe Secretary General and the Programme Coordinator paid a courtesy call to the NEPAD office in South Africa and held cordial disussions with two senior officers; Ms. Elsabeth T. Tedros (Senior Investment Officer) and Mr. Abdoul-Salam Bello, (Senior Coordinator, NEPAD).
The Governor, Central Bank of Kenya (CBK) Honours The AFRACA Newly Elected Executive CommitteeThe 64th and inaugural meeting of the newly elected Afraca Executive Committee, presided over by Mr. Millison Narh, AFRACA Chairman & Deputy Governor Bank of Ghana, was held at Kenya School of Monetary Studies (KSMS), Nairobi, Kenya on the 31st January 2013. Among other important Association’s business the committee offered valued strategic and policy direction to the secretariat and approved the Afraca strategic plan (2013 – 2015).
The Governor, Central Bank of Kenya and the Afraca EACRAT Chair and the Executive Director, (KSMS) organized an AgriFinance Networking Dinner in honour of the new Afraca Executive Committee that was elected at the 18th AFRACA general assembly in Ghana, October 2012.The Governor, Central Bank of Kenya was the chief guest at the event which was attended by over 200 guests.
During the event, the governor urged financial institutions to put more portfolio in agriculture as this would drive economic growth in the country. The event was aimed at emphasizing the critical and important role played by AFRACA in the continent in promoting rural and agricultural finance. The dinner was attended by Chief Executive Officers of commercial banks, microfinance institutions, development partners, AFRACA member institutions and other stakeholders.
AFRACA holds the first major event in 2013, the: WesternAfrica francophone & central Africa Sub regional (WAcrAT I & cAcrAT) Workshop; Theme: “Functional Models for Agricultural Value Chain Financing Special success case studies on Warehouse Receipt financing experiences from Central/Western Africa”. 27th - 29th March 2013 Hotel Gaweye, Niamey, Niger.
The AfrAcA chairman Invited to speak at the cAADP Partnership Platform meeting, 25-26 March 2013 in Addis Ababa, Tanzania.
AFRACA events before in South Africa. The secretary general and Programme Coordinator travelled to the LandBank headquarters and had a most fruitful discussion with three senior directors of the bank. This was in an effort to encourage the Landbank to be more active in the affairs of the network. With the support of the Chief Executive Officer, the officers present promised to pursue the matter further.
Visit to the Reserve Bank of South AfricaThe AFRACA team, accompanied by the FinMark Trust acting Rural/Agricultural Finance theme coordinator (Mike de Klerk) visited the Reserve Bank of South Africa and held very insightful discussions with
Mr. Tshegofatso Gape, the General Manager, Supervision – co-orperative banks (Financial Stability Department).
The AFRACA Secretary General & Programme Coordinator Pay a Courtesy Call to the Nepad Planning And Coordinating Agency Offices in Johanesburg, South AfricaThe Secretary General and the Programme Coordinator paid a courtesy call to the NEPAD office in South Africa and held cordial disussions with two senior officers; Ms. Elsabeth T. Tedros (Senior Investment Officer) and Mr. Abdoul-Salam Bello, (Senior Coordinator, NEPAD).
The Governor, Central Bank of Kenya (CBK) Honours The AFRACA Newly Elected Executive CommitteeThe 64th and inaugural meeting of the newly elected Afraca Executive Committee, presided over by Mr. Millison Narh, AFRACA Chairman & Deputy Governor Bank of Ghana, was held at Kenya School of Monetary Studies (KSMS), Nairobi, Kenya on the 31st January 2013. Among other important Association’s business the committee offered valued strategic and policy direction to the secretariat and approved the Afraca strategic plan (2013 – 2015).
The Governor, Central Bank of Kenya and the Afraca EACRAT Chair and the Executive Director, (KSMS) organized an AgriFinance Networking Dinner in honour of the new Afraca Executive Committee that was elected at the 18th AFRACA general assembly in Ghana, October 2012.The Governor, Central Bank of Kenya was the chief guest at the event which was attended by over 200 guests.
During the event, the governor urged financial institutions to put more portfolio in agriculture as this would drive economic growth in the country. The event was aimed at emphasizing the critical and important role played by AFRACA in the continent in promoting rural and agricultural finance. The dinner was attended by Chief Executive Officers of commercial banks, microfinance institutions, development partners, AFRACA member institutions and other stakeholders.
AFRACA holds the first major event in 2013, the: WesternAfrica francophone & central Africa Sub regional (WAcrAT I & cAcrAT) Workshop; Theme: “Functional Models for Agricultural Value Chain Financing Special success case studies on Warehouse Receipt financing experiences from Central/Western Africa”. 27th - 29th March 2013 Hotel Gaweye, Niamey, Niger.
The AfrAcA chairman Invited to speak at the cAADP Partnership Platform meeting, 25-26 March 2013 in Addis Ababa, Tanzania.
The AfrAcA Secretary General and the Programme coordinator and SeniorOfficialsofNePADofficeinSouthAfrica.
News and Annoucements
Newly elected AfrAcA Executive committee members taking the oath ofoffice.
Prof Njuguna Ndungu, Governor, cBK addressing Guests at the AfrAcA Agrifinance networking dinner.
The AfrAcA chairman, Mr Millison Narh addressing the audience during the dinner at the KSMS.
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pera
tion
(JFC
)
A.4.
2In
tern
atio
nal s
tudy
vis
it on
Mob
ile a
nd A
genc
y Ba
nkin
g
6t
h –
11th
May
201
3 N
airo
bi, K
enya
Cent
ral B
ank
of K
enya
, AFR
ACA
mem
ber i
nstit
utio
ns in
N
airo
bi a
nd o
ther
key
pla
yers
(Saf
aric
om, C
omm
unic
atio
ns
Com
mis
sion
of K
enya
– C
CK).
A.4.
3In
tern
atio
nal E
xpos
ure
Visi
t Pro
gram
on
the
Deve
lopm
ent o
f Rur
al B
ank
Indu
stry
as a
tool
for a
ccel
erat
ing
Fina
ncia
l Inc
lusi
on
in A
fric
aQu
arte
r 3 (D
ates
to b
e co
nfir
med
)Ac
cra,
Gha
na
ARB
Apex
Ban
k, A
gric
ultu
re D
evel
opm
ent B
ank
and
Bank
of
Gha
na
A.4.
4In
tern
atio
nal E
xpos
ure
Visi
t Pro
gram
on
Risk
shar
ing
and
Guar
ante
e sy
stem
s, Th
e ca
se o
f the
Nig
eria
Ince
ntiv
e Ba
sed
Risk
Sh
arin
g Sy
stem
for A
gric
ultu
ral L
endi
ng (N
IRSA
L)TB
CAb
uja,
Nig
eria
Cent
ral B
ank
of N
iger
ia, T
he U
nion
Ban
k of
Nig
eria
.
A.4.
5In
tern
atio
nal E
xpos
ure
Visi
t Pro
gram
on
Wom
en E
mpo
wer
men
t and
Mic
rofin
ance
Tr
ansf
orm
atio
n of
Mic
rofin
ance
Inst
itutio
ns to
Dep
osit
Taki
ng M
FIS
– Su
cces
ses a
nd C
halle
nges
TBC
Nai
robi
, Ken
yaKe
nya
Wom
en F
inan
ce T
rust
, K-R
ep B
ank
and
AMFI
Ken
ya
A.4.
6W
orld
Ban
k Ag
riFi
n St
udy
tour
Nov
embe
r 201
3TB
CTB
C
KEY
AFR
ACA
2013
ACT
IVIT
IES
AND
PAR
TNER
SHIP
EVE
NTS
EVEN
T/AC
TIVI
TYDA
TEPR
OPO
SED
LO
CATI
ON
SPO
NSO
RS/P
ARTN
ERS/
HO
STS
B.K
NO
WLE
DGE
MAN
AGEM
ENT
& IN
FORM
ATIO
N S
HAR
ING
SERV
ICES
Kno
wle
dge
Man
agem
ent
B.1.
1M
onth
ly W
orld
Ban
k Ag
riFi
n W
ebin
ar se
ries
on
emer
ging
Agr
iFin
ance
and
Cro
ss cu
ttin
g su
bjec
ts
Mon
thly
Web
- ba
sed
Wor
ld B
ank
Agri
Fin
B.2
Info
rmat
ion
Shar
ing
B.2.
1AF
RACA
New
slet
ter
Quar
terly
AF
RACA
Mem
ber I
nstit
utio
nsB.
2.2
The
ww
w.ru
ralfi
nanc
enet
wor
k.or
g fo
r Eas
tern
& S
outh
ern
Afri
ca (E
SA)
B.2.
3
Publ
icat
ion
on e
xper
ienc
es in
Afr
ican
val
ue c
hain
fina
nce
Call
for s
ubm
issi
ons o
n ou
tsta
ndin
g In
nova
tive
Smal
l hol
der –
incl
usiv
e va
lue
chai
n fin
anci
ng.
Awar
d fo
r out
stan
ding
subm
issi
ons o
n In
nova
tions
in S
mal
l hol
der –
incl
usiv
e va
lue
chai
n fin
anci
ng.
Publ
icat
ion
on e
xper
ienc
es in
Afr
ican
val
ue ch
ain
finan
ce -
the
AFRA
CA R
ural
Fin
ance
Ser
ies –
feat
urin
g sp
ecifi
c cas
e st
udie
s w
ith le
sson
s lea
rnt o
n Ag
ri-v
alue
chai
n fin
ance
Febr
uary
- Ju
ne 2
013
CTA
& D
ID
B.3
Stud
ies/
Surv
eys
B.3.
1
Map
ping
and
doc
umen
tatio
n De
finin
g th
e ce
nter
s of e
xcel
lenc
e (I
dent
ifyin
g an
d ea
rmar
king
bes
t pra
ctic
es a
nd o
utst
andi
ng co
mpe
tenc
ies a
mon
g AF
RACA
m
embe
r ins
titut
ions
Outli
ning
mul
ticou
nty
peer
-pee
r lea
rnin
g ro
utes
Surv
ey o
n ag
ricu
ltura
l val
ue ch
ain
finan
ce m
odel
s am
ong
Afri
can
finan
cial
inst
itutio
ns
Janu
ary
– Ju
ne 2
013
Cont
inen
t wid
eCT
A, A
FRAC
A M
embe
r Ins
titut
ions
B.3.
2St
udy
on S
uita
ble
Agri
cult
ural
Fin
ance
Pro
duct
s to
Rur
al C
omm
unit
ies
(sup
port
for d
evel
opm
ent &
dep
loym
ent o
f a n
ew
prod
uct b
y tw
o fin
anci
al in
stitu
tions
in E
ast &
Sou
ther
n Af
rica
)Ja
nuar
y –
June
201
3 E
ast &
Sou
ther
n Af
rica
DID
and
AFRA
CA m
embe
r ins
titut
ions
in E
SA.
B.3.
3St
udy
on “C
olla
tera
l Man
agem
ent;
Opp
ortu
niti
es fo
r sm
allh
olde
r-in
clus
ive
valu
e ch
ain
finan
ce”
Mar
ch –
Sep
tem
ber 2
013
Cont
inen
t wid
eCT
A &
AFR
ACA
mem
ber i
nstit
utio
ns
B.3.
4St
udy
on “O
ppor
tuni
ties
for
valu
e ch
ain
finan
ce fo
r in
tra-
Afri
can
food
trad
e”M
arch
– S
ept 2
013
Cont
inen
t wid
eCT
A &
AFR
ACA
mem
bers
CPO
LICY
DEV
ELO
PMEN
T AN
D A
DVO
CACY
C.1
Exec
utiv
e Co
mm
itte
e M
eeti
ngs
C.1.
1AF
RACA
Exe
cutiv
e Co
mm
ittee
(64t
h an
d In
augu
ral c
omm
ittee
mee
ting)
31
st Ja
n –
1st F
eb 2
013
Nai
robi
, Ken
yaEx
ecut
ive
Com
mitt
ee
C.1.
265
th A
FRAC
A Ex
ecut
ive
Com
mitt
ee M
eetin
g al
ongs
ide
a su
b re
gion
al/i
nter
natio
nal e
vent
.TB
CTB
CEx
ecut
ive
Com
mitt
ee
C.1.
3Sp
ecia
l for
um w
ith K
ey A
fric
an P
olic
y M
aker
s, Go
vern
men
t Offi
cial
s, Pr
ivat
e se
ctor
, dev
elop
men
t par
tner
s, fa
rmer
s re
pres
enta
tives
and
AFR
ACA
good
will
am
bass
ador
s aim
ed a
t str
engt
heni
ng ru
ral &
agr
icul
tura
l fin
ance
pol
icy
in A
fric
aN
ovem
ber 2
013
Cout
onou
, Ben
in C
TA, I
FAD,
FAO
, AGR
A, A
UC, A
fDB,
the
AFSW
G/M
FW4A
and
AF
RACA
Mem
ber I
nstit
utio
ns
C.1.
4Th
e Af
rica
n Un
ion
CAAD
P Pa
rtne
rshi
ps P
latfo
rmM
arch
26t
h –
29th
201
3Ad
dis A
baba
, Eth
iopi
aAU
C, M
FW4A
, AFR
ACA
Chai
r, AF
SWG
and
Exec
utiv
e co
mm
ittee
mem
bers
C.2
Agri
cultu
ral F
inan
ce S
take
hold
er W
orki
ng G
roup
(AFS
WG)
C.2.
1Co
nduc
t and
dis
sem
inat
e th
e fin
ding
s of a
stoc
ktak
ing
and
eval
uativ
e st
udy
of ri
sk sh
arin
g m
echa
nism
s in
agri
cultu
ral f
inan
ce;
advo
cate
ado
ptio
n of
succ
essf
ul m
echa
nism
sQu
arte
r 4 (D
ates
to b
e co
nfir
med
)Co
ntin
ent w
ide
MFW
4A a
nd D
evel
opm
ent P
artn
ers
C.2.
2De
velo
p a
stra
tegy
to fa
cilit
ate
the
rais
ing
of m
ediu
m a
nd lo
ng te
rm fu
ndin
g by
fina
ncia
l ins
titut
ions
on
capi
tal m
arke
ts a
nd
from
oth
er so
urce
s for
fina
ncin
g ag
ricu
ltura
l/ag
ro-p
roce
ssin
g ne
eds
Quar
ter 3
& 4
201
3Co
ntin
ent w
ide
MFW
4A a
nd D
evel
opm
ent P
artn
ers
D.
NET
WO
RKIN
G AN
D P
ARTN
ERSH
IPS
DEV
ELO
PMEN
TD
.1N
etw
orki
ng v
isit
to s
ub r
egio
nal/
regi
onal
eco
nom
ic d
evel
opm
ent b
lock
s by
AFR
ACA
exec
utiv
e co
mm
itte
e m
embe
rs
D.1.
1Af
rica
n Un
ion
Com
mis
sion
(AUC
), Ad
dis A
baba
Eth
iopi
a, E
ast A
fric
an C
omm
unity
(EAC
) sec
reta
riat
in A
rush
a, T
anza
nia,
Ec
onom
ic C
omm
unity
of W
est A
fric
an S
tate
s (EC
OWAS
) sec
reta
riat
in A
buja
, Nig
eria
, Sou
ther
n Af
rica
n De
velo
pmen
t Co
mm
unity
(SAD
C) in
Gab
oron
e Bo
tsw
ana
As o
ppor
tuni
ties a
rise
With
in th
e Re
gion
al E
cono
mic
bl
ocks
in S
ub S
ahar
an A
fric
a.AF
RACA
Cha
irm
an, V
ice
Chai
r, Su
b Re
gion
al C
hair
s and
AF
RACA
Sec
reta
ry G
ener
al.
D.1.
2AF
RACA
exe
cutiv
e co
mm
ittee
and
MFW
4A v
isit
to A
fric
an D
evel
opm
ent B
ank
(AfD
B)
As o
ppor
tuni
ties a
rise
Tuni
s, Tu
nisi
aAF
RACA
Cha
irm
an, S
ub R
egio
nal C
hair
s and
AFR
ACA
Secr
etar
y Ge
nera
l.
D.2
Part
ners
hips
(Coo
pera
tion
pro
gram
mes
wit
h si
ster
net
wor
ks a
nd o
ther
rela
ted
deve
lopm
ent p
artn
ers)
D.2.
1Th
e As
soci
atio
n of
Lat
in A
mer
ican
Dev
elop
men
t Fin
ance
Inst
itutio
ns (A
LIDE
) gen
eral
ass
embl
y an
d te
chni
cal s
essi
on o
n fin
anci
al co
oper
atio
n to
incr
ease
bus
ines
s am
ong
smal
l and
med
ium
ent
erpr
ises
invo
lvin
g DF
Is o
f Lat
in A
mer
ica
25th
– 2
6th
Apri
l 201
3M
endo
za, A
rgen
tina
ALID
E
D.2.
2AF
RACA
Sou
th –
Sou
th p
artn
ersh
ips (
Join
t act
iviti
es w
ith si
ster
inst
itutio
ns N
ENAR
ACA,
NAB
ARD,
CIC
A an
d AP
RACA
)To
be
advi
sed
Nea
r Eas
t and
Nor
ther
n Af
rica
, Eu
rope
, Asi
a an
d La
tin A
mer
ica,
TBC
The
abov
e pr
ogra
mm
e do
es n
ot li
mit
mem
bers
from
requ
esti
ng fo
r sp
ecifi
c ta
ilor
mad
e pr
ogra
mm
es to
sui
t the
ir r
equi
rem
ents
.
EVEN
T/AC
TIVI
TYDA
TEPR
OPO
SED
LO
CATI
ON
SPO
NSO
RS/P
ARTN
ERS/
HO
STS
ACA
PACI
TY B
UIL
DIN
GA.
1AF
RACA
Wor
ksho
ps &
Con
fere
nces
A.1.
1AF
RACA
Cen
tral
Afr
ica
& F
renc
h Sp
eaki
ng W
este
rn A
fric
a Su
b Re
gion
al W
orks
hop.
The
me:
Agr
icul
tura
l Val
ue C
hain
Fin
ance
, Fu
nctio
nal M
odel
s; S
peci
al su
cces
s cas
e st
udie
s on
War
ehou
se re
ceip
t exp
erie
nces
from
Cen
tral
/Wes
tern
Afr
ica
27
th –
29t
h M
arch
201
3N
iam
ey, N
iger
AS
USU
S.A,
CTA
, IFA
D &
DID
& A
FRAC
A M
embe
r Ins
titut
ions
A.1.
2AF
RACA
Sou
ther
n Af
rica
sub
regi
on W
orks
hop.
The
me:
Agr
icul
tura
l Val
ue C
hain
Fin
ance
, Fun
ctio
nal M
odel
s – fo
cus o
n liv
esto
ck v
alue
chai
n w
ith e
mph
asis
on
Live
stoc
k In
sura
nce
case
stud
ies
19th
– 2
1st J
une
2013
M
aput
o, M
ozam
biqu
e CB
Z Zi
mba
bwe,
KSM
S CT
A, IF
AD, D
ID &
Ban
k of
Moz
ambi
que
and
othe
r AFR
ACA
Mem
ber I
nstit
utio
ns in
the
regi
on
A.1.
3Le
sson
s Lea
rnt F
orum
: Fun
ctio
nal M
odel
s for
Agr
icul
tura
l Val
ue C
hain
Fin
ance
focu
sing
on
Less
ons L
earn
t & B
est P
ract
ices
fr
om A
FRAC
A co
nfer
ence
s and
rele
vant
eve
nts
27th
– 2
9th
Nov
201
3Co
uton
ou, B
enin
CTA,
IFAD
, FAO
, AFR
ACA
Mem
ber I
nstit
utio
ns
A.1.
4AF
RACA
Agr
iFin
ance
Exp
erts
Sta
keho
lder
s For
um (T
hem
e: R
evol
utio
naliz
ing
Fina
nce
for A
fric
a’s A
gric
ultu
re) a
nd A
war
d ce
rem
ony
for t
he o
utst
andi
ng su
bmis
sion
s on
Inno
vativ
e Sm
all h
olde
r – in
clus
ive
valu
e ch
ain
finan
cing
To
be
conf
irm
ed (T
BC)
To b
e co
nfir
med
(TBC
)CT
A, IF
AD, F
AO, A
GRA,
AUC
, AfD
B, th
e AF
SWG/
MFW
4A
A.2
PART
NER
SHIP
Wor
ksho
ps &
Con
fere
nces
A.2.
1 Jo
int l
earn
ing
for o
rgan
izat
iona
l Dev
elop
men
t wor
ksho
p: F
ocus
on
shar
ing
Proj
ect C
ycle
Man
agem
ent (
PCM
) Too
ls a
nd
expe
rien
ces
6th
– 8t
h Fe
b 20
12Ca
pe, T
own,
Sou
th A
fric
aCT
A an
d CD
RA
A.2.
2W
orld
Ban
k Ag
riFi
n An
nual
Con
fere
nce
June
201
3Sr
i Lan
ka
Wor
ld B
ank
Agri
Fin
A.2.
3IF
AD R
ural
Fin
ance
(KM
P) T
hem
atic
Wor
ksho
p fo
r Eas
t & S
outh
ern
Afri
ca (E
SA)
Sept
embe
r 201
3ES
A TB
CA.
2.4
4th
Wor
ld C
ongr
ess o
n Ag
ricu
ltura
l and
Rur
al F
inan
cing
Hôt
el L
e M
érid
ien
Etoi
le (P
orte
Mai
llot)
26
th -
28th
Sep
t 201
3Pa
ris,
Fran
ceCI
CA, A
LIDE
, APR
ACA,
AFR
ACA
& N
ANER
ACA
A.3
TRAI
NIN
GS
A.3.
1Tr
aini
ng o
f Tra
iner
s on
Valu
e Ch
ain
Fina
nce,
Too
ls a
nd A
ppro
ache
s for
Eng
lish
spea
king
AFR
ACA
mem
ber i
nstit
utio
ns a
nd
part
ners
TB
CN
airo
bi, K
enya
Food
and
Agr
icul
ture
Org
aniz
atio
n of
the
Unite
d N
atio
ns
(FAO
) and
KSM
S
A.3.
2Tr
aini
ng o
f Tra
iner
s on
Valu
e Ch
ain
Fina
nce,
Too
ls a
nd A
ppro
ache
s for
Fre
nch
spea
king
AFR
ACA
mem
ber i
nstit
utio
ns a
nd
part
ners
TB
CLo
me,
Tog
oFo
od a
nd A
gric
ultu
re O
rgan
izat
ion
of th
e Un
ited
Nat
ions
(F
AO) a
nd K
SMS
A.3.
3Tr
aini
ng in
Ent
repr
eneu
rshi
p fo
r th
e Im
plem
enta
tion
of C
apab
ility
Enh
ance
men
t of R
ural
Wom
en E
ntre
pren
eurs
Fe
brua
ry 2
013
Arus
ha, T
anza
nia
DAN
IDA
& M
embe
rs o
f the
Con
sort
ium
(Tan
zani
a, Z
ambi
a,
Moz
ambi
que
and
Ken
ya)
A.3.
4In
tern
atio
nal T
rain
ing
for W
omen
Ent
repr
eneu
rs a
long
side
the
Afri
can
Cong
ress
for W
omen
Ent
repr
eneu
rsAp
ril 2
013
Cair
o, E
gypt
DAN
IDA
& E
gypt
ian
Busi
ness
Wom
en A
ssoc
iatio
n
A3.5
Trai
ning
on
Isla
mic
Ban
king
in co
llabo
ratio
n w
ith B
OAD
Quar
ter 3
(Dat
es to
be
conf
irm
ed)
Lom
e, T
ogo
BOAD
, Ken
ya S
choo
l of M
onet
ary
Stud
ies (
KSM
S),
NAN
ERAC
A &
APR
ACA
CEN
TRAB
A.3.
6Sp
ecia
l Tra
inin
g on
War
ehou
se R
ecei
pt F
inan
cing
Qu
arte
r 3 (D
ates
to b
e co
nfir
med
) Ad
dis A
baba
, Eth
iopi
aIn
tern
atio
nal F
inan
ce C
oope
ratio
n (I
FC),
East
Afr
ican
Gra
in
Coun
cil,
AEM
FI &
Com
mer
cial
Ban
k of
Eth
iopi
a
A.3.
7In
tern
atio
nal T
rain
ing
on F
inan
cing
Pri
mar
y Ac
tiviti
es a
nd S
MEs
: Agr
icul
ture
, Fis
heri
es, L
ives
tock
and
non
-agr
icul
tura
l en
terp
rise
sN
ovem
ber 2
013
Dak
ar, S
eneg
al
AFRA
CA M
embe
r Ins
titut
ions
A.4
Tech
nica
l Coo
pera
tion
am
ong
Dev
elop
ing
Coun
trie
s (T
CDC)
, Stu
dy V
isit
s, E
xper
ient
ial
Lear
ning
Pro
gram
mes
and
Rel
ated
Act
ivit
ies
NO
TE: D
etai
ls o
f oth
er u
pcom
ing
TCD
C, S
tudy
vis
its,
Exp
erie
ntia
l Le
arni
ng p
rogr
amm
es
and
rela
ted
activ
itie
s w
ill b
e sh
ared
wit
h m
embe
rs a
s th
ey a
re fi
naliz
edA.
4.1
Inte
rnat
iona
l Exp
osur
e Vi
sit P
rogr
amm
e on
Agr
icul
tura
l Fin
ance
and
Cre
dit B
usin
ess C
oope
rativ
es14
th –
21s
t Fe
b 20
13To
kyo,
Japa
nAP
RACA
CEN
TRAB
and
Japa
nese
Fin
ance
Coo
pera
tion
(JFC
)
A.4.
2In
tern
atio
nal s
tudy
vis
it on
Mob
ile a
nd A
genc
y Ba
nkin
g
6t
h –
11th
May
201
3 N
airo
bi, K
enya
Cent
ral B
ank
of K
enya
, AFR
ACA
mem
ber i
nstit
utio
ns in
N
airo
bi a
nd o
ther
key
pla
yers
(Saf
aric
om, C
omm
unic
atio
ns
Com
mis
sion
of K
enya
– C
CK).
A.4.
3In
tern
atio
nal E
xpos
ure
Visi
t Pro
gram
on
the
Deve
lopm
ent o
f Rur
al B
ank
Indu
stry
as a
tool
for a
ccel
erat
ing
Fina
ncia
l Inc
lusi
on
in A
fric
aQu
arte
r 3 (D
ates
to b
e co
nfir
med
)Ac
cra,
Gha
na
ARB
Apex
Ban
k, A
gric
ultu
re D
evel
opm
ent B
ank
and
Bank
of
Gha
na
A.4.
4In
tern
atio
nal E
xpos
ure
Visi
t Pro
gram
on
Risk
shar
ing
and
Guar
ante
e sy
stem
s, Th
e ca
se o
f the
Nig
eria
Ince
ntiv
e Ba
sed
Risk
Sh
arin
g Sy
stem
for A
gric
ultu
ral L
endi
ng (N
IRSA
L)TB
CAb
uja,
Nig
eria
Cent
ral B
ank
of N
iger
ia, T
he U
nion
Ban
k of
Nig
eria
.
A.4.
5In
tern
atio
nal E
xpos
ure
Visi
t Pro
gram
on
Wom
en E
mpo
wer
men
t and
Mic
rofin
ance
Tr
ansf
orm
atio
n of
Mic
rofin
ance
Inst
itutio
ns to
Dep
osit
Taki
ng M
FIS
– Su
cces
ses a
nd C
halle
nges
TBC
Nai
robi
, Ken
yaKe
nya
Wom
en F
inan
ce T
rust
, K-R
ep B
ank
and
AMFI
Ken
ya
A.4.
6W
orld
Ban
k Ag
riFi
n St
udy
tour
Nov
embe
r 201
3TB
CTB
C
KEY
AFR
ACA
2013
ACT
IVIT
IES
AND
PAR
TNER
SHIP
EVE
NTS
The AFRACA Secretariat has relocated to Kenya School of Monetary Studies (KSMS) complex. KSMS is the capacity building arm of the Central Bank of Kenya.
AFRACA was initially housed by the Agricultural Finance Corporation of Kenya (AFC) a key member institution until the unfortunate bomb blast which occurred on 7th August 1998 in Nairobi, Kenya.
In the pursuit of their mutual objectives, AFRACA and KSMS entered into a collaborative Agreement in 2013 to facilitate access to finance through effective knowledge management, trainings which includes up scaling the Certificate Agricultural Finance (CAF) beyond the Eastern African sub region.
Effective January 2013 the KSMS Board chaired by Prof Njuguna Ndungu, the Governor, Central Bank of Kenya graciously approved to house the Afraca Secretariat within the KSMS complex. KSMS not only provides the secretariat with office space for the network but also other support services.
AfrAcA SecretariatKenya School of Monetary Studies (KSMS)Noordin road, Off Thika Super Highway, next to Thomas de la rue Security Print Nairobi, KenyaT: +254 20 271 59 91 | +254 20 271 79 11 | f: +254 20 271 00 82 c: +254 739 744 577E: [email protected] | W: www.afraca.org
The central Bank of Kenya (cBK) now housing the AfrAcA Secretariat