">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Friday, February 26, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Business

IFC and GAFSP Invest in KCB Bank Rwanda to Finance Small-holder Farmers

Susan Mwenesi by Susan Mwenesi
6 years ago
in Business
3 min read
0

KCBRwandan farmers’ cooperatives will now access the financing and training they need to expand food production as the IFC, a member of the World Bank Group, and the private sector window of the Global Agriculture and Food Security Program are set to invest $9.2 million in a program with KCB Bank for them.

With the partnership, KCB Bank Rwanda will offer affordable financing to 11 farmer cooperatives in eastern Rwanda, helping more than 12,000 small-holder famers gain access to improved seeds and fertilizer and to training in better farming practices.

The cooperatives will supply maize and soybeans to a food processing plant that aims to produce fortified cereals for people suffering from malnutrition—particularly babies and children.

“Supporting local grain production can have a significant impact on food security in Rwanda, a country where 45 percent of people live in poverty and malnutrition is widespread,” said Ethiopis Tafara, IFC Vice President for Corporate Risk and Sustainability. “IFC and GAFSP’s partnership with KCB Bank Rwanda Ltd will play an important role in expanding financing for farmers.”

KCB Bank Rwanda’s Managing Director, Maurice Toroitich, said: “Access to financing will enable farmers to improve maize and soybean productivity, earn more income, and support their families. KCB Bank Rwanda is pleased to support farmers in partnership with IFC.”

The bank’s loans will help farmers gain working capital for seeds, fertilizers, land preparation, weeding, and harvesting, among other things.

In addition, farmers will receive technical advice through a comprehensive advisory services program provided by IFC and other partners. IFC, with support from GAFSP, plans to support the construction and operation of the processing plant.

READ  Let’s Play This OLX Game Together

Related posts

Spotify, the popular audio streaming subscription service launches in Africa

February 24, 2021
0

The immediate future of open banking

February 24, 2021
0

CrossBoundary raises funding from US’s Brown Advisory to finance mini-grids across Africa

February 22, 2021
0
ethiopia-9

Ethiopia Has Brushed Off Claims That Safaricom Was Shortlisted For License

February 22, 2021
0
Readers 1,653

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: IFCKCBRwanda
Susan Mwenesi

Susan Mwenesi

Interested in business, technology and all things startups in Africa!

Related Posts

Business

Spotify, the popular audio streaming subscription service launches in Africa

February 24, 2021
0
Banking

The immediate future of open banking

February 24, 2021
0
Business

CrossBoundary raises funding from US’s Brown Advisory to finance mini-grids across Africa

February 22, 2021
0
ethiopia-9
Business

Ethiopia Has Brushed Off Claims That Safaricom Was Shortlisted For License

February 22, 2021
0
Business

Huawei to cut its smartphone production by half, turns to Pig farming

February 22, 2021
0
Business

SunCulture raises $11 million to expand solar irrigation across sub-Saharan Africa

February 17, 2021
0
Business

Bolt Raises €150 Million to Bolster the Quality and Safety of its services

February 16, 2021
0
Business

Electricity Distributor Kenya Power Set To Join The Solar Business To Protect Revenues

February 15, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

gnuGrid, Uganda’s remote off-grid monitoring startup raises $250,000 for expansion

February 25, 2021

South Africa’s API developer Stitch raises $4m to make Africa a world-leader in fintech

February 25, 2021

Usiku Games targets 8 million primary pupils to bolster STEM learning

February 25, 2021

Gozem appoints Othmane Bouhlal, co-founder of French ride-hailing firm Chauffeur-Privé’s to its board

February 25, 2021
online shop

Number Of Kenyan Internet Shoppers Drop Massively

February 25, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: