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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



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



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



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.



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.



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.



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.



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



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.



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.



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.

[email protected]


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.

[email protected]



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.



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


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.



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.



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.


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


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


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


• 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





Some of AfrAcA Events in Pictures 2011 - 2012

1

2

4

5

3

1

2

3

4

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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.



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.



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.



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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(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

Documents

Success Trails - AFRACAafraca.org/wp-content/uploads/2015/04/AFRACANEWS_Issue71_Engl… · News & Announcements.....24 Other Key AFRACA 2013 Activities and Partnership Events