Connect with us

Tech

World Food Programme seals deal with Equity Group for easy financing to Kenyan farmers

Published

on

The World Food Programme (WFP) has signed an agreement with the Equity Group that will allow farmers in Kenya have easy access to financing.

According to the terms of the agreement, WFP country offices in the country will also link value chain actors in food and agriculture to financial literacy training and concessional financing access through Equity Bank subsidiaries.

The agreement which was signed by Dr. James Mwangi, the MD and CEO of Equity Group Holdings and WFP Executive Director, Cindy McCain, on the sidelines of the WFP Executive Board Session in Rome, is a first example of linking WFP’s deep field presence and engagement with value chain actors and financial service providers, and represents a new model of private sector engagement for development impact.

“The approach aims to support marginalized communities where traditional financing is scarce,” Mwangi said while announcing the agreement.

“Together, WFP and Equity, through the Equity Group Foundation, will provide training of value chain actors to help them to access financing, as well as providing technical assistance to ready agri-processors and agri-preneurs for impact investments offered through Equity Bank.

“The agreement is a scaling of a development collaboration between WFP and Equity BCDC in the Democratic Republic of the Congo (DRC) for the project Promotion of Sustainable Food Security.

“This ambitious project, which has been operational in the DRC since 2022, aims to stimulate the development of a sustainable agro-industrial sector that contributes to economic diversification, food and nutritional security, employment, and livelihood improvements,” he stated.

Also speaking, McCain said the Equity Group developed the “Africa Recovery and Resilience Plan which is committed to growing our support of access to finance for farmers, who are also dealing with the scourge of climate change, to 30% of our loan book regionally by 2030.”

“Smallholder farmers are crucial to food production in most developing countries, providing over 70% of food calories in Asia and sub-Saharan Africa.

“Developing local food value chains – and supporting the ecosystem of agriculture from production to purchase – is essential for enhancing farmers’ income and livelihoods and ultimately contributing to food security not just in Africa, but globally.

“This is a powerful example of how innovative partnerships can address the root causes of hunger. By empowering farmers with the tools and resources they need to thrive, we can create a ripple effect of prosperity that strengthens long-term food security for the whole community.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Ghana partners with The Gambia to provide free roaming services

Published

on

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity.

The plan which is a joint initiative of the Ghana Ministry of Communications and Digitalisation and The Gambian National Communications Authority (NCA) will see mobile users in both countries avoiding extra charges for calls, texts, and data, which in turn, is expected to boost trade, tourism, and economic integration across borders.

The collaboration, according to a joint statement by the two bodies, aligns with the Economic Community of West African States’ (ECOWAS) broader push for seamless regional communication.

“Ghana and The Gambia are forging new paths in West Africa’s digital landscape, implementing a free-roaming initiative,” the statement said.

“This move strengthens regional connectivity while highlighting the role of technological collaboration in fostering economic integration. The initiative enables mobile users travelling between the two nations to make calls, send messages, and use data services without additional roaming fees.”

It further noted that by reducing these costs, the program aligns with the ECOWAS Free Roaming Initiative, which seeks to eliminate barriers to communication across member states.

“It is a boost for trade and travel as the free roaming plan is expected to spur economic activities by streamlining cross-border communication.

“Businesses and individuals travelling between Ghana and The Gambia can now stay connected without worrying about exorbitant charges, facilitating smoother transactions and personal interactions. The initiative is also expected to attract more tourists by ensuring seamless digital access for visitors.

“This collaboration marks another milestone in Ghana’s commitment to expanding digital connectivity, following Ghana’s successful implementation of similar agreements with Côte d’Ivoire, Togo, and Benin, with talks of possible roaming partnerships with Liberia.

“By focusing on digital integration, Ghana and The Gambia demonstrate the power of technology to bridge gaps between countries. This step also serves as a model for other West African nations to join the free-roaming framework, contributing to the larger goal of a connected and economically integrated region,” it added.

Continue Reading

Tech

Tanzania to host 6th Ocean Innovation Africa summit in February

Published

on

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from February 24-28, 2025, as a flagship event within Regenerative Ocean Week.

The Ocean Innovation Africa is set to be Africa’s most significant platform for Ocean Innovation conservation, and sustainable development in the blue economy. OIA2025 will be co-organised with leading partners, including IUCN, GIZ, OceanHub Africa, Catalyze and the Ocean-Climate Platform.

With the theme, “Science-to-Solution”, the Regenerative Ocean Week will present a line-up of sessions designed to bridge the gap between scientific research, business innovation, policy, and community engagement.

According to the organizers of the event, it will bring together African ocean innovators, investors, researchers, policymakers, and community leaders to explore practical solutions that can be applied across the continent.

“These include the OIA Pitch Competition, which is a platform for Africa-based startups and entrepreneurs to showcase breakthrough ideas in ocean-impact solutions, allowing them to connect with investors and industry leaders and emphasizing Africa’s role in driving sustainable ocean initiatives,” the organizers said in a statement.

Continue Reading

EDITOR’S PICK

Tech15 hours ago

Ghana partners with The Gambia to provide free roaming services

Ghana and The Gambia are in the process of launching free roaming services that will enhance a West African connectivity....

Metro15 hours ago

Zambia: APP leader lampoons PF over pledge to reverse forfeited properties

Leader of one of Zambia’s opposition parties, Advocates for People’s Prosperity (APP), Mwenye Musenge, has criticised the Patriotic Front (PF)...

Sports15 hours ago

Ghanaian winger Fatawu out for season with ACL injury

Ghana and Leicester City winger, Abdul Fatawu, has been ruled out of the rest of the EPL season after suffering...

Culture15 hours ago

DRC authorities arrest six over break-in at Lumumba’s Mausoleum

Police in the Democratic Republic of Congo (DRC) say six people have been arrested over a break-in and vandalism at...

Musings From Abroad19 hours ago

Finnish court imprisons Nigeria’s Simon Ekpa for aiding terrorism

  Simon Ekpa, a Nigerian separatist leader based abroad, has been placed under detention by the Päijät Häme District Court...

Metro21 hours ago

Nigerian Senate confirms influx of terrorists from Mali, Burkina Faso into the country 

The Nigerian Senate has raised the alarm over the influx of terrorists from Mali and Burkina Faso who operate in...

Tech2 days ago

Tanzania to host 6th Ocean Innovation Africa summit in February

Dar es Salaam, Tanzania, has been selected to host the sixth edition of the Ocean Innovation Africa (OIA) summit from...

Culture2 days ago

Miss SA opens up on why she withdrew from Miss Universe pageant

Reigning Miss South Africa 2024, Mia le Roux, has opened up on the reasons behind her withdrawal from the Miss...

Sports2 days ago

SA football legend Lucas ‘Masterpieces’ Moripe passes away

South African football legend, Lucas “Masterpieces” Moripe, has passed away at the age of 71 after a long battle with...

Metro2 days ago

Wanted Zambian MP who escaped from prison custody captured in Harare

A fugitive Zambian Member of Parliament (MP), Emmanuel Banda, who escaped from custody at the Chipata Prison in Eastern Province...

Trending