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Showing posts with label Aagrobiz. Show all posts
Showing posts with label Aagrobiz. Show all posts

Friday, February 3, 2012

IFC provides N4.846B to Armenia's small scale farmers


Local micro, small and medium enterprises and agribusiness in Armenia received a loan of $30million, about N4.846billion from a member of the World Bank Group, International Finance Corporation (IFC).
This was revealed to NaijaAgroNet in a press release, IFC gives the loan to Armenia's ACBA-Credit Agricole Bank in order to support the bank's lending program in rural areas through its extensive network of branches in Armenia.
NaijaAgroNet gathered that the $30m loan is the second of its kind from the World Bank Group member, as IFC once provided the bank with a loan of $20million which was used in support of about 3,000 local clients. It is also gathered that IFC with the partnership of ACBA-Credit Agricole Bank established ACBA Leasing in 2003, the first leasing company in Armenia.
The loan is also provided in order to boost job creation in the country.
Stepan Gishyan, the CEO of ACBA-Credit Agricole Bank said the new loan will further increase the banks capacity for lending to micro, small and medium enterprises including agribusiness.
"With this new loan, IFC significantly emphasizes its role as one of our largest lenders. During these challenging economic times, lending to micro and small businesses is very important for both of our institutions," affirmed Gishyan.
 The Regional Head of IFC for Caucasus, Thomas Lubeck affirmed IFC's commitment to play an important role in supporting banks in emerging markets in order to help expand their lending programmes in priority sectors like agribusiness.
"With this second loan to the leading lender to the agriculture sector in Armenia in a short time span, we aim to support development of micro and small businesses, the sector that employs a significant part of Armenian workers,” Thomas Lubeck.
A total sum of $147million has been invested in 28 projects in Armenia since Armenia's membership with IFC in 1995.
'Yinka Awosanya
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Wednesday, September 7, 2011

Ex-militants to acquire training on agricultural technology in Israel

Thirty-two members of the Niger Delta ex-militants were sent to Israel for a six months vocational programme in agricultural technology, reports WorldStage.

Mr. Kingsley kuku, special adviser to the President on Niger Delta matters said they would be trained at the Galilee Agricultural School in Israel and advised them to make judicious use of the opportunity offered by the government to enhance their capacity for the development of their region.

While speaking at a pre-departure ceremony held in Lagos, the Special Adviser also urged the ex-militants to be of good behaviour during their course of training and thereafter.

He further stressed that the acquisition programme by the youths will help the government in boosting food security since the available technology in Israel in food production is key to Nigeria's drive to achieve food sufficiency. Read more.

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