Background to the AgriBanks Forum
The African Rural and Agricultural Credit Association (AFRACA) whose membership includes Central Banks, Commercial Banks, Microfinance institutions and Agricultural Banks came up with AgriBanks Forum to facilitate sharing of information related to financing Agriculture and agricultural based enterprises effectively. This is a unique Forum which brings together farmers (large and small scale), practitioners (banking and non banking), and other stakeholders. This Forum therefore is seen as one which is able to generate practical recommendations for improved financial service provision (accessibility and delivery) to the rural areas.
The Value Chain Finance forum builds from two successful similar fora for:
- Latin America http://www.ruralfinance.org/id/37378?language=es and,
- Asia http://www.ruralfinance.org/id/48291 instigated by FAO.
The Africa Forum will look at what trends and innovations are happening and in Africa, what can be learned and what needs to be addressed.
The Forum reflects the ongoing efforts by AFRACA, IFAD and FAO to improve accessibility of financial services by the rural poor who are mainly farmers through effective service delivery mechanisms.
This year AFRACA in partnership with IFAD, FAO, AFC, and DrumNet is organizing the 3rd AFRACA AgriBanks Forum which will be hosted by AFC in Kenya on 16th – 19th October 2007.
The theme of this Forum is Africa Value Chain Financing. The main objective of the Forum is, “to enhance awareness on successful models and approaches for using the resources and linkages of the value chain to increase financial service provision and efficiency to rural producers, traders and agribusinesses”
Specific objectives of the Forum
The conference is organised to meet the following objectives:
- Increase the awareness and learning of key innovations for funding smallholders through non-bank financing using innovative approaches.
- Provide new ideas for development of innovative products that allow significant funding to reach various stages of the value chains in Africa.
- Explore ways to improve livelihoods of the rural people.
Target
This Forum will bring together decision makers of financial entities with activities in the Agricultural sector, non financial companies working in the sector (promoters, producers, processors, exporters, marketers, and input suppliers), Government authorities and other supporting international organizations.
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