Timely financial aid for East African farmers

July 19, 2017 8:51 am0 commentsViews: 10

East African farmersFrom PHYLLIS BIRORI in Kigali, Rwanda
KIGALI, (CAJ News) – SMALLHOLDER farmers produce most of the world’s food but they form the majority of people living in poverty and often have food security challenges themselves.
This is set to change with the International Finance Corporation (IFC) and the Global Agriculture and Food Security Program (GAFSP) launching smallholder farmer financing programmess with the United Nations World Food Programme (WFP) to improve food security among vulnerable people in Rwanda and Tanzania.
The initiatives with KCB Bank Rwanda and CRDB Bank in Tanzania are part of the Farm to Market Alliance, a multi-stakeholder platform established in 2016.
IFC and WFP are global members in the alliance seeking to create agriculture value chains that secure sizeable local and international demand for produce from smallholder farmers.
“We want to help smallholder farmers get better access to markets so they build more demand for their products, thus making a long-term impact on the economic future for them and their families,” said David Beasley, WFP Executive Director.
He welcomed collaborations to empower the farmers.
IFC Chief Executive Officer, Philippe Le Houérou, pointed out agribusiness drove many African economies and created the most jobs on the continent.
“Through the Farm to Market Alliance, IFC is creating new markets by connecting smallholder farmers in Sub-Saharan Africa directly with buyers. The result is improved productivity and higher living standards for people in rural areas,” Houérou added.
CAJ News

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