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Over 4m rural dwellers benefit from RUFIN

24 Aug 2016 | 0 Comments

RUFIN is a programmed sponsored by the International Fund for Agricultural Development (IFAD) in collaboration with the Federal Government. The seven-year programme was introduced in 2010 to reduce poverty in rural areas by enhancing access to financial services for rural poor households. The programme gives special attention to women, the physically challenged and rural youths through group formation methodology.

Gov’t, AGRA plan new agricultural financing mechanism

30 Jun 2016 | 0 Comments

In an effort to find a lasting solution to the perennial agricultural funding challenge that has stalled development of the sector, the Alliance for a Green Revolution Africa (AGRA) NGO in collaboration with the Ghana government is developing an all-inclusive agricultural financing mechanism to that effect.

Georgia’s Quest to Promote Agricultural Insurance

30 Jun 2016 | 0 Comments

Agriculture is Georgia’s lifeblood. Fifty-three percent of the country’s working population is engaged in agriculture, many working on small plots of one hectare or less. The family farm is the backbone of Georgia’s rich rural culture. But from a financial perspective, it’s far from a sure thing. The agriculture sector employs more than half of Georgia’s workforce but accounts for only 10 percent of GDP. Many farmers earn little or no cash income. When natural disaster strikes and crops fail, rural families have little to fall back on.

To read the article, click here.

Africa: AfDB to Design Agricultural Financing Mechanism

30 Jun 2016 | 0 Comments

The African Development Bank (AfDB) is seeking partnership with African governments and financial institutions to design an innovative mechanism which will increase agricultural financing.

It’s in this line that AfDB will host a workshop on ‘Establishing an African Agriculture Risk Sharing and Financing Mechanism’ from July 12-13 in Nairobi. According to AfDB, the workshop will be an opportunity for key stakeholders to contribute to the proposed facility’s modalities in sharing risks around financing agriculture value chains.

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