AFRACA News

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,...

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...

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...

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...