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From the Chairman

Chairman

Our goal is to see that Afraca vision of a rural Africa where everyone has access to sustainable financial services for economic development is attained.

For decades, AFRACA has been at the forefront in driving the Rural and Agriculture Finance Agenda in Africa. Over the last few years, the network has recorded tremendous success in the promotion of appropriate policy framework and supporting member institutions provide sustainable quality financial services to the rural and agricultural communities in the Continent. As the AFRACA chairman, I am deeply honored to be part of this campaign to revolutionize finance for African Agriculture. Our goal is to see that AFRACA vision of a rural Africa where everyone has access to sustainable financial services for economic development is attained. In this regard, I welcome and look forward to partnering with members and other stakeholders in developing an inclusive financial sector in Africa for food security, poverty alleviation and accelerated development in general.

No doubt access to Finance has direct impact on development and has of late become a topical issue in the Continent because of its immense contribution to our respective economies.  However, access to finance by the agricultural and bottom of the pyramid communities sector is still saddled with barrage of challenges, which require multi stakeholder action to unlock the full potential of Agriculture in Africa.

It is gratifying to note that, as the lead advocate and coordinator of rural and agricultural finance, AFRACA continues to provide the requisite leadership to improve the rural and agricultural finance industry in Africa through its various interventions and initiatives touching on Policy development and Advocacy, Capacity building, Knowledge Management & Information sharing, Partnership & Networking and Creating opportunities for Agricultural Value Chain Finance in Africa.

Central banks in developing countries in particular are critical in the process of revolutionizing finance for the poor. In the past, the mandate of central banks has been to bring about stability in the general level of prices in the economy as well as ensuring financial stability. Over time, however it has been realised that macroeconomic stability alone is not enough contribution that central banks can make towards economic growth and development. Of late, the issue about growth not impacting the poor  has also taken center stage in economic discourse and has accordingly energized central banks to leverage the concept of financial inclusion to mainstream the under banked into the financial sector with the view to raising their standard of living.

In line with this development, every year AFRACA organizes various programs such as central banks forum to dialogue and come out with policy interventions to foster financial inclusion in the member countries.

Join us in the campaign to empower African rural and agricultural communities, Join us to revolutionize finance for the agricultural value chains in the Continent.

 

 

Upcoming Events

november 2016

tue8nov - 9nov 88:00 amnov 96th Global Islamic Microfinance Forum8:00 am - 6:00 pm (9) Nairobi, KenyaEvent Organized By: AlHuda Center of Islamic Banking & Economics (CIBE)

 

Facebook Posts

Afraca Secretary General takes financial inclusion campaign to Nigeria. As part of series of member and stakeholder consultation, the SG and his team met yesterday morning in Abuja with Atsuko Toda the IFAD Country Program Manager (Nigeria) to strengthen the partnership between AFRACA and IFAD. The visiting Afraca team also met with the Ag. MD/CEO, NERFUND.
The SG is scheduled to meet the Governor, Central Bank of Nigeria (CBN) today.
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Special Training On Development And Management Of Agency Banking

September 12, 2016, 1:00pm - September 16, 2016, 4:00pm

AFRACA working round the clock to develop an inclusive financial sector in Africa Reaching poor clients in rural areas is often prohibitively expensive for financial institutions. In such environment...

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The 4th Afraca Central Banks Forum

October 13, 2016, 8:00am - October 14, 2016, 9:00pm

The 4TH AFRACA Central Banks Forum 2016 is a key platform convening all Central Banks, Financial institutions and stakeholders to deliberate on policies and interventions in rural and agricultural fin...

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IFAD FAO CTA AGRA AFD DID

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