BancABC unveils P220m agriculture funding

Wednesday, April 09, 2014

Agriculture contributes a mere 2.3 percent to GDP

BancABC has entered the agriculture financing market. This week, the bank’s mother company, ABC Holdings Limited, unveiled a $25 million (P220million) financing package to shore up its lending to the agriculture sector.

Following an agreement with the Africa Agriculture and Trade Investment Fund (AATIF), lending to the agricultural sector would be increased at the bank’s operating bases - Botswana, Mozambique, Tanzania, Zambia and Zimbabwe.

According to the chief operating officer of BancABC, Francis Dzanya, the agreement with AATIF would see US$25 million made available by the Fund for lending through BancABC subsidiaries to a wide range of participants in the agricultural sector.

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BancABC unveils P220m agriculture funding

BancABC has entered the agriculture financing market. This week, the bank’s mother company, ABC Holdings Limited, unveiled a $25 million (P220million) financing package to shore up its lending to the agriculture sector.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

Kwa Nokeng Oil sponsors young biker with P120,000

Routine child vaccination imperative