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Agricultural financing gets massive boost

Published on August 04, 2016

The National Microfinance Bank (NMB) has injected 500bn/- in its new five year strategy aiming at revamping agricultural financing in the country.

Dubbed ‘AgriBiashara’, the multi-billion strategy will ensure that it improves the agricultural sector in the country, according to NMB Managing Director (MD), Ineke Bussemaker. With the new strategy, NMB adopts the value chain approach while expanding its activities in agriculture sector by increasing the number of crops from the previous 5 to more than 12.

According to the bank’s Chief Agribusiness Officer, Seif Ahmed, the Bank financing in agriculture will focus not only to primary agricultural production but also input suppliers, traders, processors, importers and exporters. Read more. Source | Daily News