AFRACA News

Project Spotlight: Innovative Living Labs (LL’s) for Africa’s food systems

AFRACA is a member of the Consortium in the Horizon Europe research project, entitled ‘INtegrated and Circular Technologies for Sustainable city region FOOD systems in Africa’ (INCiTiS-FOOD). INCiTiS-FOOD aims to improve food and nutrition security (FNS) in African city regions. With the expansion of urban areas, the distance to rural sites for food production for urban dwellers is increasing, leading to increased costs of transportation and carbon footprints. Farming in urban areas will ensure that food is close to the consumers,...

Kenya re-strategizes its Cooperative Agenda

The important role of financial cooperatives and other forms of cooperatives in the rural banking system is increasingly gaining prominence. The Government of Kenya underscores cooperatives as key pillars in its Bottom-up Economic Transformation Agenda (BETA). The week-long strategic workshop was convened by the Presidents’ Economic Transformation Secretariat (PETS) in collaboration with the newly formed State Department for Cooperatives and International Labour Organization, ILO. Present during the workshop also included some of AFRACA member institutions namely, Cooperative Bank, Kenya, The...

Tanzania launches new National Financial Inclusion Framework, NFIF3

In many African countries Central Banks have been the coordinating entity involved to formulating financial inclusion strategies for their respective countries. Tanzania has launched its third framework,  the National Financial Inclusion Framework 2023 – 2028, building on the success recorded after the implementation of the second Framework, which ended in December 2022. Implementation of the new framework is expected to advance financial inclusion and promote development of the financial sector in the country ensuring all adults and businesses have...

Message of gratitude to AFRACA Chairperson, Dr. Jesimen Chipika

On behalf of the AFRACA network and Executive Committee (EXCOM) we celebrate and express our sincere gratitude to Dr. Jesimen Chipika, Deputy Governor, Reserve Bank of Zimbabwe and Chairlady of the AFRACA Executive Committee for her exemplary service to the Association. Your Bank assumed office in AFRACA as Chair in February 2021 with a new team of Executive Committee Members at a time when the whole global economy was challenged by the effects of the Covid-19 pandemic which almost paralyzed most...

AFRACA bids farewell to Dr. Patrick Njoroge

As Dr. Patrick Njoroge’s tenure came to a close at the Central Bank of Kenya, CBK, AFRACA gives special tribute and remembers his strong commitment and willingness to support the Associations’ activities. Dr. Njoroge was appointed the ninth Governor of the Central Bank of Kenya on June 26, 2015 with his eight year tenure as CBK boss coming to an end this June.   During his tenure as Central Bank Governor, the banking sector in Kenya went from strength to strength,...

AFRACA participates in FinRegLab and CIS Kenya Market insight study on strengthening use of alternative data to impact financial inclusion, market competition and consumer protection in Kenya.

The Market Insight study was based on wide consultations with industry stakeholders over a five-month period. The study centered on the Kenya credit ecosystem and the implications of using alternative data (non-traditional) to prudently extend credit access to micro and small enterprises (MSE’s) in Kenya. The study acknowledges the availability of pockets of alternative data (not-traditional) available in different forms and structure such as data from payment service providers, transactional data from supermarkets, utility firms etc, supply chain data among others....

Central Bank of Kenya hosts AFRACA Executive Committee Meeting

The AFRACA Executive Committee, EXCOM continued to exercise its oversight role to ensure proper governance of the Association. As has been the norm, the EXCOM meets twice every year. It was full house as the Central Bank of Kenya hosted the 88th AFRACA EXCOM meeting in Nairobi with all sub-regional chairpersons represented. In her opening statement, the Chairperson made note of the expanded membership of EXCOM which now includes representatives from smaller institutions under the new governing principle that seeks to...

PRE-QUALIFICATION OF SUPPLIERS FOR 2024 – 2025

The African Rural and Agricultural Credit Association (AFRACA) is an association (regional network) of financial institutions that provide financial services to the rural population in Africa, with few affiliated non-financial institutions. Membership is open and consists of but not limited to the following categories of institutions: Central Banks; Central Bank similar institutions; Agricultural and Development Banks; Commercial Banks; Microfinance Institutions; Apex Organizations such as Microfinance Networks and Sacco’s; Universities; Training Institutions and Research Institutions; Insurance organisations; Ministerial agencies dealing in...

CALL FOR EXPRESSION OF INTEREST FOR CONSULTANTS

Background Information The African Rural and Agricultural Credit Association (AFRACA) is an association (regional network) of financial institutions involved in providing financial services to the rural population in Africa. AFRACA is a one‐stop heterogeneous network of over 110 members, spread across the African Continent. Membership is open and consists but not limited to the following categories of institutions: Central Banks; Central Bank similar institutions; Agricultural and Development Banks; Commercial Banks; Microfinance Institutions; Apex Organizations such as Microfinance Networks and SACCOs; Universities;...

BRB hosts AFRACA regional Conference on Financial and Agri-Risk Management 

In collaboration with the Banque de la République du Burundi (BRB)  the African Rural & Agricultural Crédit Association (AFRACA) jointly organized the Regional Conference on Financial & Agricultural Risk Management on New Trends & Development in Managing Agricultural Risks in a Post-pandemic COVID era on the 27-28 March 2023 at the Zion Hotel  in Bujumbura, Burundi. The meeting was officially opened by the Mr. Dieudonné MURENGERANTWARI, Governor of la Banque de la République du Burundi (BRB). A total of 100 participants attended...

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