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Since the 2018 Sustainable Blue Economy Conference held in Nairobi, Kenya the Government has continued with its commitments in hastening development through various initiatives such as: Agriculture Sector Development Support Programme (ADSP), Construction of dams in various parts of the country, Marine Transport development Lamu and Kisumu Ports.   Despite numerous efforts by the public sector, there is still limited capacity to finance the scale of limited capacity to finance the scale of investments needed to realize a sustainable blue economy....

The African Rural & Agricultural Credit Association (AFRACA) will host the Digitizing Rural & Agricultural Finance Conference, Training and Exhibition dubbed, “DIG4RAF” from 23rd May to 27th May 2022 at the Kenya School of Monetary Studies in Nairobi, Kenya. The conference themed, “Analyzing Features Shaping the Digital Future of Rural and Agricultural Finance Landscape in Africa” will bring together different stakeholders including central banks, financial service providers deploying digital finance, policy makers, implementers and investors in the field digital finance solutions,...

AFRACA congratulates Mr. Alex Kwasi Awuah for his appointment as the new Managing Director of ARB Apex Bank, Ghana effective January 1, 2022. His appointment followed a recommendation from the Board of Directors of the bank after a competitive and thorough interview process and a no-objection letter issued by the Bank of Ghana. Mr. Awuah experience which spans to over 25 years will help reposition the mandate of rural and community banks in Ghana. ARB Apex Bank is a “mini” central...

The African Rural and Agricultural Credit Association (AFRACA) is excited to announce its Phase 2 funding by the Small Foundation. The three-year funding aims to support AFRACA’s ongoing Network Strategy, Membership Engagement and Knowledge management work. Additionally, the partnership has extended its support to the AFRACA Impact Task Force, formed during the 21st General Assembly by member institutions to come up with a framework and key set of indicators that would be used by African financial institutions to showcase the...

In developing countries, almost 116 million people are employed in the fishery sector with 90% of them being Small Scale Fishers (SSF). The sector contributes 2.39 million jobs, 74 million tons and trade revenue amounting to 164 million USD. Access to finance is still a menace to SFF who need adequate funding to scale up the fishing business, replace vessels/engines at the end of their cycle, meet safety and quality demands and; comply with government regulations that promote sustainable fishing...