Africa green revolution receives financial boost

Africa green revolutionFrom MARIA MACHARIA in Nairobi, Kenya
NAIROBI, (CAJ News) – THE ongoing African agricultural transformation has received a major boost with the announcement by the Kenya Commercial Bank Group of US$100 000 towards the hosting of the upcoming African Green Revolution Forum (AGRF).

The landmark Forum, hosted by President Uhuru Kenyatta of Kenya, will be held from September 5 to 9 at the African United Nations Headquarters in Nairobi, to advance policies and secure the investments that will ensure a
better life for millions of Africa’s smallholders farmers and families – 70 percent of the population.

This year’s Forum, themed: “Seize the Moment: Africa Rising through Agricultural Transformation” is expected to be the largest AGRF to date with over 1,500 delegates including African Heads of State, top CEOs, heads of development agencies, farmers organizations, youth and women groups among others expected to attend.

The one-week event has been designed to showcase examples of transformation in agriculture in action and to promote efforts to drive and achieve scale and to foster accelerated impact.

The forum’s objectives resonate with the values of the KCB Group which, as the largest commercial bank in the East African region and with 120 years experience, has been at the center of driving the growth of the agricultural sector, making deliberate investments to commercialize the sector and elevate it into a top driver of economic expansion.

“KCB Group and AGRF share common goals and values such as the vision of advancing African agriculture to a desirable level especially within the next decade in order to achieve 100 per cent food security and sustainability which is part of the Sustainable Development Goals to end hunger, achieve food security and improved nutrition and promote sustainable agriculture,” says KCB Bank Retail Director, Annastacia Kimtai.

Dr Agnes Kalibata, President of the Alliance for a Green Revolution in Africa (AGRA), commends the KCB Group for it’s leadership in the banking sector in support of African smallholder farmers.

“Financial institutions are key in mobilizing private financing necessary for a sustainable agriculture transformation,” she says.

KCB and AGRA have in the last few months been engaged in a US$ 319,000 partnership whose aim was to prove the concept of mobile based agriculture financial solutions through MobiGro.

The inclusion of MasterCard Foundation into the program will help upscale the solution to farmers across Kenya and Rwanda.

CAJ News

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Posted by on Aug 23 2016. Filed under Africa & World, Featured, Finance, Finance & Banking, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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