Cta fin4 ag_programme_en

International Conference Series: Rethinking smallholder agriculture.

Programme

International Conference

www.fin4ag.org

14-18 July 2014 Nairobi, KenyaAt the Kenya School of Monetary Studies

Co-hosted by: Supported by: International media partner:

Sponsored by :

International Conference Series: Rethinking smallholder agriculture.

Programme

International Conference

www.fin4ag.org

14-18 July 2014 Nairobi, KenyaAt the Kenya School of Monetary Studies

Co-hosted by: Supported by: International media partner:

Sponsored by :

CTA at Fin4Ag:

Michael Hailu, Director of CTALamon Rutten, Programme Manager, PMI Thierry Doudet, Programme Manager, KMCOluyede Ajayi, Senior Programme Coordinator, ARD Policy Vincent Fautrel, Senior Programme Coordinator, Value Chain DevelopmentStéphane Gambier, Senior Programme Coordinator, CommunicationBenjamin Kwasi Addom, Programme Coordinator, ICTThierry Lewyllie, Programme Coordinator, WebKen Lohento, Programme Coordinator, ICTMinielle Tall, Associate Programme Coordinator, Media and CommunicationNawsheen Hosenally, ICT4Ag AssistantArmelle Degrave, Associate Programme Coordinator AdministrationEllen Mulder, Project assistant, PMI Landry Fanou, Intern, PMI

Editorial management: Stéphane Gambier, Landry Fanou, CTA, The Netherlands Design and layout: Stéphanie Leroy, FrancePrinted by: Latimer Trend & Company Ltd, UK© CTA 2014

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Partners

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Welcome Messages .....................8

ConceptWhy the Fin4Ag conference?.........11

Conference Streams.....................12

Plug and Play DayDescription .................................13

Digital platforms for agri-value

chain finance...............................14

Main ConferenceDay 1.........................................20

Day 2.........................................28

Day 3.........................................38

Field Trips ...................................44

Parallel Events2nd African Continental Briefing .....46

Side Meetings .............................47

OrganisersPartner Organisations...................48

Practical InformationQuick Reference ..........................53

Floor Plan ...................................54

Google Map of Nairobi ..................55

2nd African Continental Briefing

Schedule ....................................56

Plug & Play Day Schedule ..............57

Conference Schedule ....................58

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Table of Contents

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Welcome Messages

t is my great pleasure to welcome you to the Fin4Ag conference! There is anurgent need to transform smallholder agriculture into a profitable and sustainable

enterprise in Africa, the Caribbean, the Pacific (ACP) and other developing countriesaround the world. However, bringing about real change depends, to a large extent,on access to finance that enables smallholder agriculture to grow and prosper.Prospects for agriculture are promising. Populations in urban areas are expanding,the urban middle class is growing rapidly, and intra-regional and international tradeopportunities are booming. Smallholder farmer access to finance is critical to meetthis growing demand from urban and global markets.

Traditional agricultural financing methods – with state-owned agricultural banks pro-viding subsidised direct credits to farmers – have been a costly failure. Micro-financeusually has interest rates and repayment arrangements that are unsuitable forsmall-scale farmers. Fortunately, value chain finance provides an alternative to thesetwo approaches. For farmers, value chain finance generally comes with improvedaccess to inputs as well as a more secure market for their crops. Where a valuechain has functioned well, longer-term finance for mechanisation, irrigation, andstorage and processing facilities becomes possible. For financial institutions, valuechain finance addresses the frequent inability of farmers to repay loans and enablesthem to lend products for the agricultural sector that are both safe and readilyscalable. Moreover, successful agri-value chain finance can make agriculture amore attractive option for young people in rural areas, and contribute to women’sempowerment when traditional finance is normally not available to them.

In recent years, CTA has been working at promoting agri-value chain finance in ACPcountries. For example, in collaboration with the Eastern Africa Grain Council wehave strengthened the capacity of our partners on structured grain trading, whichinvolves the use of agreed standards, certified warehouses, inventory credit, andcommodity exchanges. CTA is also working with various stakeholders, notably, theAfrican Rural and Agricultural Credit Association (AFRACA), in building capacity andsharing knowledge on agri-value chain finance best practices as well as on thedesign of policies that will help to scale up success practices.

The Fin4Ag conference gives you a unique opportunity to learn about the differenttools and initiatives that facilitate successful smallholder-inclusive agri-value chainfinance. You will have the opportunity to interact with central bank governors andlearn what they can do to create an enabling environment for such finance. You willalso learn of the new developments in ICTs, which facilitate financing in remoteareas and enable secure financial transactions.This conference is an opportunity to bring about a paradigm shift in the way thatfinance can unleash the potential of agriculture around the world.

I would like to acknowledge the excellent collaboration with our co-host AFRACA,the Kenya School of Monetary Studies and the Central Bank of Kenya, as well asour co-sponsors and media partners, who have contributed enormously to makethis Fin4Ag conference a reality.

I am delighted to welcome you to be part of this revolution. I wish you a pleasantconference and an enjoyable stay in Nairobi.

Michael Hailu, Director of CTA

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t is a great pleasure to welcome you all to the Fin4Ag international conferencehere in Nairobi. The African Rural and Agricultural Credit Association (AFRACA)is pleased to be co-hosting this international initiative with CTA, which is consistentwith AFRACA’s intention to develop an inclusive financial sector aimed at empoweringrural and agricultural communities in Africa. I am optimistic that the conference willbe a game changer and a recipe for accelerated rural and agricultural developmentin Africa.

Established in 1977, AFRACA was designed to be a high level coordinating bodyfor rural and agricultural financial inclusion in sub-Saharan Africa. It has been thefocal point and information hub for the promotion of rural and agricultural finance.In fulfillment of its mission, AFRACA’s core programmes are organised around athematic approach to rural and agricultural finance and implemented in close col-laboration with member institutions and development partners through activitiesand workshops/conferences on cross cutting/emerging topics. The currentFin4Ag conference is with no doubt a real contribution to AFRACA’s agenda, specif-ically regarding our ongoing key initiatives on inclusive agri-value chain finance.

AFRACA is gratified to note that financial access has significantly improved incountries like Kenya, mainly through the use of new technologies, multi-stake-holder initiatives and more investment in the sector. I am convinced that theFin4Ag conference will catalyse the establishment of appropriate rural and agri-cultural finance policies and provision of inclusive financial services across Africa.

Whether you are a farmer, farmer organisation, banker, financial institution, govern-ment or governmental agency, processor, input supplier or trader, this conferenceprovides you with a platform to network and establish contacts with key playersin the industry, and focus on existing functional models of agri-value chain financethat enhance food security and job and wealth creation, along with policy frame-works that support such initiatives.

On behalf of the AFRACA network, I would like to most sincerely thank CTA andother development partners for the outstanding job in supporting regional andcontinental finance activities, and for this conference. Much gratitude goes tothe Government and people of Kenya, the Central Bank of Kenya, the KenyaSchool of Monetary Studies, the AFRACA Board and member institutions, andother partners who have worked hard to ensure everything is in place for theeffective running of this conference. I am grateful to you all for your interest,willingness and co-operation to participate in the conference as we look forwardto partnering with you beyond the conference in developing an inclusive financialsector in Africa.

I finally invite you to have an open mind that is ready to share, be challenged,positively criticised and learn. I wish us all a vibrant experience at the Fin4Agconference and an unforgettable time in Kenya.

Saleh Usman Gashua, Secretary General of AFRACA

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take this opportunity to welcome you to Kenya for the international conferenceon Fin4Ag: Revolutionising finance for agri-value chains, that is taking place in

Nairobi County.

The conference has brought together over 500 private and public sector repre-sentatives, African banks and financiers, regional and national farmers’ organi-sations, agri-value chain stakeholders, government officials, developmentpractitioners and academics to share experiences and lessons learned on howto contribute to smallholder-inclusive agri-value chain finance in ACP countriesand beyond. The increasing use and innovations of ICTs continues to transformagriculture in Africa, with Nairobi County being the region’s ICT hub. To have sucha meeting in Nairobi is a demonstration of the strategic positioning of NairobiCounty in the region. In order to build on key ongoing initiatives of the AfricanRural and Agricultural Credit Association (AFRACA) on inclusive agri-value chainfinance, I appeal to participants to use this premium opportunity to forge andstrengthen partnerships that will indeed revolutionise finance for agriculture.

As you will notice, the programme is packed with a variety of highly interactive ses-sions aimed at getting participants working together to solve common challengesin agricultural finance. As you learn from best practices, discover exciting newtools and mechanisms, and meet leaders of agricultural finance from around theworld, Kenya has numerous examples of how agricultural finance is already beingtransformed on the ground and I encourage you to find time to explore these.

Please also take time to enjoy Kenyan hospitality and tourism you may wish totake a walking tour to discover the highlights of Nairobi: the City Hall, the Parlia-ment Buildings, the Jomo Kenyatta Mausoleum, the August 7th Memorial park,the National Archives, Uhuru Park as well as a visit to the Nairobi National Park,where you’ll have an opportunity to see Kenya’s famous wildlife and have a tasteof Kenyan cuisine at the park’s restaurant.

I sincerely thank AFRACA, in collaboration with CTA, the Central Bank of Kenya,and other partners, not only for organising this conference but also for their engagement and the many practical outcomes expected from this conference.Once again, welcome to Nairobi and I wish everybody a fruitful conference andhappy stay in the city.

Dr. Evans Kidero, Governor of Nairobi County

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Concept

Why the Fin4Ag conference?

Proper access to finance can act as a driver of agricultural growth and transformation inAfrican, Caribbean and Pacific (ACP) countries. There is an increased need to secure supply

(both quality and quantity) of the food commodities that fast-growing and increasingly competitivemarkets require. If the proper conditions are created, African agriculture is poised for rapidgrowth to meet the increasing demand from urban and global markets. One such condition is amultifold increase in external financing for agriculture.

Agricultural finance institutions, and the policies, rules and regulations under which they operate,are lagging behind changes in the ‘real economy’. The global financial crisis has reduced the riskcapacity of banks, so they need more capital-efficient methods for financing the commodity sector.New mechanisms have to be designed to permit capital market investors to become agriculturalfinanciers. Agri-value chain finance could be the answer for both bankers and investors, especiallygiven that innovations in ICTs have made such financing easier and cheaper.

Recent years have seen significant value chain finance innovations in certain countries butthese are slow in spreading across borders or, for that matter, across institutions. In thesecircumstances, decision-makers in farmers’ organisations, financial institutions, governmentbodies and other institutions interested in agricultural finance should shift their approach fromincrementally trying to improve their existing models to reinventing their business or regulatorymodels in order to capitalise on the new possibilities.

In this context, the Fin4Ag conference aims to bring together the critical actors for building amodern and high-performing agricultural financing system. The conference will help decision-makers, from both public and private sectors, to break through the walls that so often preventinnovation, in this case for smallholder inclusive agricultural finance. It is time for a paradigmshift in agricultural finance. Let us make the revolution happen!

“We must break through the walls that so

often prevent innovation. It is time for

a paradigm shift in agricultural finance.”

Concept

Stream 1:Revolutionising finance for agriculture: the tools

The last decade has seen tremendous development of innovativetools, best practices and lessons in agri-value chain finance. Withinthis stream of sessions, Fin4Ag conference participants will havea unique opportunity to share and discuss their knowledge aboutvarious tools that permit successful agri-value chain finance. Forinstance, discussions will cover how to scale up successful modelsof warehouse receipt finance and collateral management in ACPcountries. Sessions under this stream will also look at the potentialfor creating new instruments for farmers to access the capitalmarket. Others sessions will focus on the design of agri-value chainfinancing mechanisms for specific sectors (horticulture, fisheries,livestock) or purposes (access to agricultural inputs and mechani-sation). Ways in which financiers can help develop effective valuechains linking farmers to cities will be assessed and best practicesin agri-value chain finance will be shared.

Stream 2:Policy development for agri-value chain finance

In the 19th and early 20th century, countries now members of theOrganisation for Economic Co-operation and Development reliedheavily on their central banks to boost the agricultural sector's access to finance, with facilities such as dedicated discount windowsfor warehouse receipt finance, the creation of bonded warehousesand the development of specific agricultural financing tools. Suchpolicies have not figured to any significant degree in ACP centralbank work programmes. Given the critical importance of boostingagricultural growth, it is high time to revisit the role policymakersand regulatory bodies such as central banks can play to create anenabling environment for agri-value chain finance. The sessionsunder this stream will enable participants to learn not only fromhistorical experience but also from some of the innovative centralbank programmes in other parts of the world.

Stream 3:Cross-cutting issues in agri-value chain finance

The Fin4Ag conference will feature a number of ‘How to’ sessions– in particular, three regional farmers' organisations from Africaand the Caribbean have identified their own priorities in increasingvalue chain finance to farmers. 'How to move to implementation'will be the topic of a half-day of sessions for each organisation.Risk management (including price and weather risk) will also bediscussed as well as financial instruments to enable farmers tomake their production more resilient to climate change. Informa-tion, communication and knowledge management (ICKM), as wellas training needs, are addressed under this stream. Finally, specificchallenges faced by women and young entrepreneurs for access toagri-value chain finance will be discussed.

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Conference Streams

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Plug and Play Day

Description

The Plug and Play Day, the second of its kind, will showcase a range of ICTs and mobile platforms developed and being implemented to support access to agricultural finance along

the value chain. The day focuses on digital/mobile financial services for agricultural and ruraldevelopment and covers platforms supporting access to credit, payments, savings, insuranceand risks management for value chain actors. It offers ICT innovators the unique opportunityto gain a broader perspective of finance ICTs; users to discover the latest ICT platforms forvalue chain finance; investors to identify viable areas for investment; donors to discover emergingareas for support; and policymakers to understand and explore areas for action. It is a fantasticopportunity for a valuable and very practical insight into new technologies and a true hands-onexperience with demonstrations by prestigious application providers and experienced practi-tioners. Selected platforms closely parallel the broader conference themes and streams andare tailored to the needs of all stakeholder groups. Some of the areas covered by the ICT platformsinclude provision of better information to banks, mobile finance institutions and other financial institutions to aid granting of credit; supporting systems for mobile finance institutions to reducetheir operational costs; digital applications facilitating effective linkages among farmers, busi-nesses and banks for easy access to finance; systems mitigating risk for value chain actors;and secured loan repayment systems integrated with mobile weighing scales. Others includeplatforms that help lenders to electronically pool and pull borrower information using centraliseddatabases; disseminate actionable, just-in-time information for evidence-based decisions for financing operations; enable saving and credit associations to handle savings and make loansto smallholder farmers; enable prospective farmers seeking financing to securely register with financiers; eVoucher systems being delivered via SMS or scratchcards; and e-Registryplatforms that allow access to credit profiles of farmers and processors.

“ A unique opportunity to gain a broader perspective of finance ICTs… and to identify viable

areas for investment.”

Monday, 14 July

Digital platforms for agri-value chain finance

Plug and Play DayMonday, 14 July

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aWhere Platform Presenter: Dave Lundberg, Chief Operating Officer, aWhere Inc.www.awhere.com

aWhere’s globally-accessible platform transforms complex data frommultiple sources into actionable, local insight through advanced datamanagement, location intelligence, and mobile integration. The plat-form provides innovative tools, weather and climate content, anddata techniques for evidence-based planning, locally relevant recom-mendations, and real-time, farm-level recommendations – all crucialfor sustainable, climate-smart agriculture. aWhere has developeda cloud-based system capable of absorbing the breadth of dataneeded for climate-smart analysis and disseminating it as actionable,just-in-time information for evidence-based decisions across policy,investments, financing, and local operations. The platform capturessurveys and feedback from farmers and value chain participants inreal-time, creating investment indices based on data from multiplesources including emerging daily and seasonal weather parame-ters. The aWhere platform also has an extensive modeling anddistribution engine for deriving and delivering farm-level recommen-dations and alerts – smart content – at precisely the right time tothe right farmer through its network of SMS messaging partners.This network enables ‘dialog’ with the farmer to share pertinentdata while simultaneously receiving validation from farmers, sup-pliers, and markets, providing constant incremental improvementof the system.

Credit Information Sharing (CIS) system Presenter: Jared Getenga, Interim Chief Executive Officer, Association of Kenya Credit Providers (AKCP)www.ciskenya.co.ke

CIS is a mechanism through which various lenders electronicallypool and pull borrower information using centralised (credit refer-ence bureau) databases, with the aim of addressing informationasymmetry between borrowers and lenders. Left unchecked, infor-mation asymmetry often results in adverse selection, unsuitable loanproducts/terms, and exclusion of certain categories of borrowersfrom the credit market. Agricultural financing is severely affected bylender insistence on physical collateral as a primary considerationin credit decisioning and credit risk mitigation. CIS will enable farmersto build a credit history for negotiating better credit terms such

Agrilife PlatformPresenter: Charles Kiinde Mutuku, Agrilife Sales and BusinessDevelopment Leader, Mobipay Kenya Limitedhttp://www.agrilife.co.ke/

Owned and developed by Mobipay Kenya Limited, Agrilife is 3 yearsold. It is a cloud-based technology platform designed to use mobilephone and web platforms to enable groups of smallholder farmersto access financial services, markets and other services that arerelevant to them. Agrilife enables players in the agricultural sector –including banks, micro-finance institutions, insurance companies, cooperatives, investors, and agricultural input providers – to have access to data about farmers’ financial and physical supply chain.This enables farmers’ credentials to be established, minimises riskand gives the farmer easier access to affordable credit. Farmers areable to use the technology to make requests from their mobilephones/web platforms, and via Agrilife the requests are authorisedand service providers are able to react to the request. Mobipay, onsigning up service providers, agrees on a commission, which is trans-action based, enabling Agrilife to be sustainable. So far, Agrilife hasturned over US$18 million and Agrilife is present in Kenya, Ugandaand Zimbabwe.

AgrocentralPresenter: Jermaine Henry, Chef Executive Operator/Co-Founder, Project Agro - www.agrocentral.co

AgroCentral is Jamaica's first digital agricultural clearing house whichutilises Web to SMS and SMS to Web technology to connect smallfarmers and businesses. Through AgroCentral, businesses have theability to source large amounts of crops directly from farmers andfarmers will be able to sell their available produce directly to busi-nesses. AgroCentral facilitates effective linkages among farmers andbusinesses and operates by using a database that holds completeprofiles, on both farmers and businesses. Farmer profiles includefarm location, crops grown, supply capability and cell phone contacts.For businesses, profiles include business location, product require-ments and ease of transaction. This information along with the twoway SMS portal allows for efficient communication of market infor-mation and exchange of goods.

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as reduced demand for tangible collateral, lower interest rates,and more flexible installment plans. CIS helps improve discipline infarmers borrowing and loan repayment culture that will enrichtheir credit scores. CIS also demands proper borrower identifica-tion and higher standards of record keeping that will feed into theborrower loan profiles. With CIS leading to an overall reduction indefault rates in the broader credit market, the resulting improvedliquidity will improve the supply of loanable funds available to financeagricultural needs of farmers in various stages of the value chain.Increased access to financing, improved agricultural productionand an orderly, efficient and stable credit market will stimulate eco-nomic development.

Creditinfo’s Credit Bureau Solution Presenter: Emma Camilleri, Head of Business Development (EastAfrica), Creditinfo Groupwww.creditinfo.comwww.creditinformation.com - www.creditinfosolutions.com

Finance is often a barrier to growth for many businesses. A CreditBureau provides better information to banks, micro-finance insti-tutions (MFIs) and other financial institutions in order to supportthe granting of credit. Creditinfo’s Credit Bureau Solution is a complex system created for the exchange of information aboutcustomers' payment behaviour between financial and non-financialinstitutions. This solution is a very important tool for the financialposition evaluation of both potential and existing customers ofcredit providers, insurance companies, mobile operators andother institutions. The underlying shared database contains bothhistoric and current information about payment behaviour of indi-viduals, entrepreneurs and companies. The information can be extracted in a form of a simple or complex report, based on mutualexchange of information. The solution is not just about traditionalcredit data, all information (alternative data) gathered can supportand improve lending decisions. Creditinfo works according to thehighest quality and security standards required by the bankingsector, and meets the strict criteria valid for the global registeroperators. We also believe financial education is critical to improv-ing access to finance, showing the importance of financial respon-sibility when consumers take on additional credit or quasi credit.

e-Krishok: Enterprise Development ProgramPresenter: Shahid Akbar, Chief Executive Operator,Bangladesh Institute of ICT in Development (BIID)www.sme.com.bd

Micro, small and medium enterprises (MSME) are primarily madeup of young entrepreneurs, agro-businesses and farmers need financing for expansion and start up. Financial institutes follow certainguidelines to offer financial services but there is a clear gap betweenthe understanding and capacity of MSMEs regarding access to finance, and an understanding of financial institute requirements.The e-Krishok helps to fill this gap by facilitating technical support tobuild capacity through its Financial Literacy Program – a trainingservice incorporating mentorship. In addition, the online platform enables MSMEs spread all over the country to use the service withmaximum convenience. The BIID team offers a complete solution toMSMEs, from framing the idea to business plan development, andlinking with financial institutes. Financial institutes are also now askingBIID to conduct training for their existing and potential clients. BIIDis now partnering with Dhaka Chamber of Commerce and Industries,Prothom Alo Jobs, Rotary District 3281 and VSO Bangladesh.

Ensibuuko Presenter: Gerald Otim, Cofounder and Director of BusinessDevelopment, Ensibuuko - http://ensibuuko.com/

Ensibuuko is a mobile and web application that integrates SMS andmobile money services to enable saving and credit associations (andother financing organisations) to handle savings and make loans tosmallholder farmers. Smallholder farmers (who make up more orless 80% of Uganda's population), are either un-banked or under-financed. Their productivity is stifled. Lack of financial reputation, highcollateral and interest requirements have made it almost impossiblefor micro-finance institutions to address the challenge. Savings andcredit associations, the only other organisations farmers look to forfinance, are struggling with fraud and loss of public confidence. TheEnsibuuko system allows farmers to register and apply for loansusing SMS, and save, receive and repay loans using mobile money.The result is simpler, safer, allows more control over own savingsand credit for farmers, and it lowers the costs and gives greatertransparency for savings and credit groups.


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FarmDrive Presenter: Rita Kimani, Software Engineer, FarmDrive Limitedwww.farmdrive.co.ke

Smallholder farmers in Kenya lack access to finance. They are lim-ited in their capacity to acquire and use modern farming tech-niques, hence cannot progress. Agribusiness is highly profitable.More people are becoming interested in farming. They have dis-posable income that they want to invest, but they do not want tofarm. FarmDrive seeks to connect smallholder farmers to such investors. A farmer keeps records of their productivity, expensesand revenue for the farming activity. This is analysed to reveal per-formance patterns and build a credit profile for the farmer. Investorshave access to credit profiles of farmers who have applied for in-vestments and can connect with them.

Farmer Management System (FMS)Presenter: Pierre le Grange, Manager, Vest Farm -www.finico.za.com/finsp

FMS was developed as a management instrument to aggregateand manage various individual activities performed by stakeholdersin the farming value chain. This in turn aggregates the various supplyand demand activities within the value chain. The FMS is a flexiblemanagement platform that can mitigate risk especially if structuredin a way that relates to the manner in which the farmers are or-ganised, i.e. farmers’ organisations. Within farmers’ organisations,FMS is a tool through which the credit provided to the farmer iscontrolled and managed. In doing this, the farmer is given accessto accredited input suppliers and the benefit of better prices dueto economies of scale. FMS serves as an electronic wallet for theproducer linked to specific suppliers within the defined ecosystem.This electronic wallet has various accounts which enable produc-tion and trade transactions to be captured in the detail requiredby the stakeholders within the value chain. The combination of theelectronic platform with the management services creates theFMS – ‘the solution’ which is provided by Vest Farm.

FarmforcePresenter: Faith Kamenchu, Farmforce Project Manager, Syngenta Foundation for Sustainable Agriculturewww.farmforce.com

Farmforce is a web and mobile platform built for use by large-scalecontract farming schemes composed of smallholder farmers. Thesystem allows these schemes to be managed with real time digitaldata. The system allows company agronomists and productionmanagers to control which inputs growers apply to their fields, en-suring that that approved chemicals are used and that the correctmaximum dose, pre-harvest intervals, and maximum number ofapplications per season are observed. The system provides sup-port for data collection for international safety and sustainabilitystandards, such as Global GAP. Farmforce has a loan managementmodule which supports cash and input loans calculated on the sizeof farmers fields. The Farmforce mobile application has a secureharvest purchasing module (including loan repayments) which isintegrated with mobile weighing scales and a bluetooth printer foruse at collection centres to improve transparency. The systemdownloads data online or offline, enabling technical assistants tocapture data in very remote areas. The system also provides detailedweekly production forecasts. Farmforce supports low end androidmobile phones like the Samsung Galaxy Pocket which are cheap(US$110), portable and easy to use.

Musoni System Presenter: Cameron Goldie-Scot, Chief Executive Operator,Musoni Serviceswww.musonisystem.com

The Musoni System is a cloud-based management information sys-tem (MIS), aimed at micro-finance institutions and savings andcredit cooperatives looking to use technology to improve efficiencyand reduce their operating costs. Aside from the core MIS func-tionality, the system integrates with mobile money transfer serv-ices (enabling microfinance clients to receive and repay their loansand savings through their mobile phones); sends automated SMSreminders to clients; and enables loan officers to carry out clientregistration and loan applications in the field using the Musoni app.All these features make the system perfectly suited to organisa-tions working in rural areas.€


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Tangaza Pesa Presenter: Gichane Muraguri, Director, Mobile Pay Limitiedwww.tangazapesa.com

Tangaza Pesa is the brand name for a mobile virtual network operatorbusiness, licensed by the Communication Commission of Kenya andthe Central Bank of Kenya to Mobile Pay Limited (a fully owned Kenyancompany). Tangaza Pesa offers mobile money transfers, voice calls,and access to the internet and data in Kenya across multiple chan-nels. One of Tangaza Pesa's market solutions is the Value Chain Automation Service. Specific to agri-value chain financing services, theplatform enables prospective farmers seeking financing to securelyregister with the financiers, apply for loans and credit, receive loans,and make repayments from the comfort of their mobile phone (acrossall networks). The financiers are able to automate the loan applicationand approvals process, disburse funds, and monitor loans perform-ance through customised reports and communication. On value addi-tion through marketing, the platform allows farmers to register and‘post’ their produce onto the virtual market place for buyers to see. Italso enables buyers to register and order, aggregate (at collectioncentres which ensure quality control) and make payments.

UMarket disbursement portalPresenter: Wisdom Alorwuse, Project Coordinator, MillicomGhana Limited - www.mobile-money-gateway.com

UMarket disbursement is a portal system that addresses the bulkpayment needs of organisations via mobile phones. The system tar-gets farmers, remittance firms, teachers, manufacturers and otherbusinesses. Registered Tigo Cash users and all other network usersare able to receive money through this platform. Money sent to themis redeemable from accredited Tigo cash agents. They are also ableto use their electronic money to pay for peer to peer transactionsand airtime purchases.

Umati Capital Presenter: Munyutu Waigi, Co-founder, Umati Capitalwww.umaticapital.com

The Umati Capital platform is a suite of integrated mobile and webapplications which are able to track supply information from sourceto point of processing. This information is then utilised to providecredit to various entities within the supply chain.

UWINCorp – Unleashing the Wealth of Nations Presenter: Julius O. Akinyemi, Entrepreneur-In-Residence,Massachusetts Institute of Technology/The Media Laboratoryhttp://wealthofnations.media.mit.edu

UWINCorp aims to meaningfully and sustainably bridge the digitaldivide by helping Africans to register, quantify and qualify their per-sonal assets. Developing a national digital asset registry – encom-passing such items as land, crops, herds, resource rights,equipment, and even their personal and professional reputations– provides an individual with a Reputational Index (akin to a creditprofile in the developed world with local nuances). With the Index,individuals will gain access to affordable capital and insured micro-loans so their assets can be put to work for them. Additionally,they can take advantage of the mobile commodities and servicesexchange (a mobile virtual marketplace) using their mobile phonesto connect them into the modern global economy. With their assetsalready registered, there is full transparency of financial transac-tions and better risk management and a full compliance with theKnow your Customer (KYC) regulations. While all of sub-SaharaAfrica (potentially all developing markets) may eventually be targeted,the programme is being piloted in Senegal and South Africa, andBotswana is in the queue as they already have commodity collabo-rators as consolidators on the platform.

Zoona eVouchers Presenter: Chrissy Martin, Global Partnerships Manager,Zoona http://illovezoona.comhttp://demo.m.ilovezoona.com/

Zoona is a social enterprise that helps micro and small enterprisesgrow by enabling Easy Quick Safe payments and financing inemerging markets. Zoona's eVoucher platform provides organisa-tions and government agencies with a method to send Easy QuickSafe bulk payments for specific purposes, including fertiliser andseed subsidies, short-term savings for farmers to manage seasonalincome, and in-kind donations such as food or other agricultural inputs. eVouchers can be delivered via SMS or scratchcards, andare managed through Zoona's online administration site. The ser-vice is currently used by partners in Malawi, Mozambique, Zambiaand Zimbabwe.

Discussions and conclusions

[S33] What lessons on ICT introduction havebeen learnt by Kenyan banks?

17:15-18:15Chui

Kenya has been playing a global leadership role inthe area of mobile money since the telecommuni-cation revolution. The country’s success with digitalpayment, especially through the well acclaimed M-Pesa, should be a source of national pride anda huge opportunity for ACP countries to emulate.While creating the enabling environments for newinnovations is key for every economy, it may bemore important to ensure their uptake for devel-opment. What is different in Kenya’s case? Couldit be a factor of Central Bank regulation or thetechnology itself? Is it more about the Mobile Network Operators or about management of theinnovation? This short session will deliberate onthe lessons learnt, focusing on the positives forstakeholders – regulators, innovators, users –from other countries to learn from.

Technical Centre for Agricultural and Rural Coop-eration (CTA)

Titus Karanja, Director, Co-operative Banking Division, Kenya

Reuben Mwaura, ICT Manager, Vision Fund International, KenyaDavid Ruchiu, Chief Executive Officer, Farm Concern International, Kenya

Session

TimeRoom

Description

Session Organiser

Chairperson

Speakers

Monday, 14 July

Plug and Play Day

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[S34] ICTs – where do the biggest opportuni-ties for finance lie?

17:15-18:15Ndovu

ICTs are creating new channels to reach the con-ventional ‘unreachable’ with finance. Within theagricultural sector little has been seen beyond mobile payments. While the opportunity is hugeand varied, it is up to the stakeholders to explorewhich path to take. Can last-mile technologies suchas ATMs play any significant role in digital finance?What about mobile phones, radio frequency iden-tification, smart cards, biometric identification, andnear field communication technologies? Which ofthese technologies work best for which stake-holder group (farmers, traders, transporters,processors, researchers, microfinance institu-tions, banks, regulators)? What about systems forinsurance against natural disasters (risk manage-ment) and monitoring the performance of fieldagents? The session will try to identify areas forfuture ICT investment to support agri-value chainstakeholders to access finance for their activities.


Prof. Henry Thairu, Chairman, Commission forUniversity Education (CUE), Kenya

Julius O. Akinyemi, Entrepreneur-in-Residence,MIT Media Lab, USAChrissy Martin, Global Partnership Manager/E-Vouchers, Zoona, USA

Session

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Monday, 14 July

Plug and Play Day

[S35] How can one strategically integratenew financing technologies into a bank’s valuepropositions?

17:15-18:15Kifaru

According to a 2011 report by Accenture, En-hancing the Banking Customer Value PropositionThrough Technology-led Innovation, customersranked high internet and mobile technologies. Theuse of internet portals, brokerage portals, peer-to-peer platforms, social media, information andnotification services, mobile money transfers, pay-ments with mobile devices, and mobile brokerageplatforms are building confidence with customerrelations. While this applies generally to all sec-tors, this session aims at deliberating on the spe-cific benefits that new ICTs can bring to agri-valuechain stakeholders. Participants will focus onstrategic approaches to integrating new financingtechnologies into bank’s value propositions.

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Please check http://fin4ag.org/en/agenda.html

Md. Shahid Uddin Akbar, Chief Executive Officer,Bangladesh Institute of ICT in Development (BIID)Cameron Goldie-Scot, Co-Founder and Chief Ex-ecutive Officer, Musoni Services, The Netherlands

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Opening Ceremony

8:45-10:30Ndovu

Prof. Kinandu Muragu, Executive Director,Kenya School of Monetary Studies

Dr. Evans Kidero, Governor, Nairobi CountyProf. Njuguna Ndung’u, Governor, Central Bankof KenyaMillison Narh, Chairman of the African Ruraland Agricultural Credit Association (AFRACA) andDeputy Governor, Bank of Ghana Luca Alinovi, Representative, Food and Agricul-ture Organization of the United Nations (FAO)KenyaMichael Hailu, Director, CTAHE Ambassador Lodewijk Briet, Head of Dele-gation, European UnionHE Tumusiime Rhoda Peace, Commissioner forRural Economy and Agriculture, African UnionCommission (AUC) HE Felix Koskei, Minister of Agriculture, Live-stock and Fisheries, Kenya

HE Akinwumi Ayodeji Adesina, Minister of Agriculture and Rural Development, Nigeria

HE Uhuru Kenyatta, President of Kenya

TimeRoom

Master of Ceremonies

WelcomeStatements

KeynoteSpeech

OpeningSpeech

Sessions

[S1] Best practices in agri-value chain finance

11:00-12:30Ndovu

For many bankers, agricultural finance has stillnot shaken off its negative connotations – risky,labour-intensive, prone to government interven-tion. Yet many banks have been successfully experimenting with a new approach towards financing the agricultural sector: value chain finance, in which risks are mitigated and transac-tion costs reduced by linking parts of the valuechain together, from farm to fork. In this panel,several banks will showcase their success storiesin agri-value chain finance, and share the lessonsthey have learnt in structuring and then managingtheir transactions. They will demonstrate that‘short-distance chains’, serving local marketsrather than international ones, can be success-fully captured by banks; that there is scope forbringing together banks, development partners(including NGOs) and governments to buildstronger, bankable chains; and how banks canharness new information and communicationtechnologies to strengthen financing structures.


Jonathan Bell, Editor in Chief, Trade and ExportFinance, England

Joseph Tilado Minoungou, Chargé de Missions,Coris Bank International, Burkina Faso Octavian Mghanga Rewona, Team Leader, TaitaAgriculture and Livestock Enterprises, KenyaGareth Coleman, Head of Trade & Supply Chain,ANZ, Papua New Guinea

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Tuesday, 15 July

Day 1

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21

Tuesday, 15 July

Day 1

[S40] Leveraging ICTs for agricultural finance:learning from the Plug and Play Day

11:00-12:30Chui

The concept of the ‘Plug and Play Day’ emergedduring the first steering committee meeting ofICT4Ag conference. The goal was to bring to theforefront the new ICT innovations for agriculturefor our partners in ACP countries, as well as toprovide young innovators with the opportunity tomarket their innovations. After the success of aPlug and Play Day in Kigali at the ICT4Ag confer-ence, the Fin4Ag conference is poised to repeatthe event and improve upon it for all stakeholders.The goal of this session is to gather good prac-tices of leveraging ICTs for agri-value chain finance. The session will highlight progress so farwith ICTs and finance, the emerging innovationsand their potentials, the missing gaps in terms ofICTs for finance, and some of the opportunitiesahead for stakeholders within the sector.


Pete Cranston, Information, Knowledge, ICT andSocial Media Consultant, Euforic Services, UK

Benjamin K Addom, ICT4D Programme Coordi-nator, CTA, The NetherlandsJermaine Henry, Chief Executive Operator/Co-Founder, Project Agro, Nanook Enterprises,Kingston, JamaicaJared Getenga, Project Manager, Kenya CreditInformation Sharing Initiative, Association ofKenya Credit Providers, KenyaElisabetta Demartis, Research Fellow on ICTsfor Agriculture, Presso University of Turin, Italy

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[S53] Supporting young entrepreneurs to engage in ICT4Ag business: outcomes of the2013 ICT4Ag hackathon

11:00-12:30Kifaru

Supporting ICT innovation and entrepreneurshipin agriculture by young people was the major aimof the regional ‘hackathon’ that was organised byCTA during the ICT4Ag international conferenceheld in Kigali in November 2013. A hackathon isan event during which computer programmers(and development stakeholders when required)collaborate for a short period in developing an ICTapplication or platform to solve a specific issue.The activity included capacity building activities onbusiness models and ICT development, incuba-tion, and connection with potential investors afterthe conference. The winners and some of thebest participants (from Ethiopia, Tanzania,Rwanda and Uganda) took part in a severalmonths incubation programme managed by thefollowing ICT hubs: Outbox, Buni Hub, Klab andIceAddis. The applications developed included plat-forms to facilitate access to credit, to test soilfertility and map agricultural land. Apart fromEastern African ICT hubs, institutions such as theMinistries in charge of agriculture and youth andICT in Rwanda, the Alliance for a Green Revolutionin Africa, and Microsoft Africa collaborated on theevent. The results of this ‘AgriHack Championship’will be shared with participants of the session.Discussions will focus on the products developedby the young entrepreneurs, how to strengthencollaboration between ICT hubs and agriculturalinstitutions, business models of ICT4Ag entrepre-neurship and follow-up activities.


Ken Lohento, ICT4AD Programme Coordinator,CTA, The Netherlands

Representative, Ministry of Agriculture and Ani-mal Resources of Agriculture, Rwanda Representative, Ministry of Youth and ICT,Rwanda John Kieti, Lead, m:Lab East, East Africa (ICTHub)Opio Obwangamoi David, Founder and CEO, Ensi-buuko, Winner of the ICT4Ag Hackathon, UgandaPeris Bosire, Cofounder Farm Drive, Tanzania,regional finalist of the ICT4Ag Hackathon

[S11] Financing intra-African food trade

14:00-15:30Ndovu

Despite being a major food producer, sub-Saha-ran Africa is dependent on food imports. The region imported US$234 billion of food from2002 to 2012, mostly cereals, fish, sugar anddairy products, despite the potential to supplymost of this from regional production. Africa’scities will continue growing fast, and if currenttrends with respect to dependency on food im-ports for urban consumption continue, Africa’sfood import expenditures may triple over the nexttwo decades, crippling its capacity to invest in infrastructure and manufacturing. Governmentsare trying to change the trend, through policychanges and investments in trade infrastructure.This can lead to a rapid increase in intra-regionalfood trade flows, creating vast new opportunitiesfor banks that build a capacity to finance suchflows. If efficient finance for such trade is not inplace, the competitive position of African suppli-ers will be hurt; imagine for example a maize millin Zambia, which has a choice between buying USmaize on a 3 month credit, or Ugandan maizewhich needs to be paid in cash. This panel will de-bate the issues involved, the opportunities thatarise, and the roles that governments and bankscan play to enable efficiently-financed cross-bor-der food trade.

African Rural and Agricultural Credit Association(AFRACA)

African Development Bank (AfDB), Tunisia

David Kalyango, Executive Director Finance,Bank of Uganda Lamon Rutten, Manager Policies, Markets &ICT, CTA, The NetherlandsGerald Makau Masila, Executive Director, East-ern Africa Grain Council (EAGC), Kenya George J. Magai, Director Trade and Markets,Alliance for Commodity Trade in Eastern andSouthern Africa (ACTESA), Zambia

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[S24] Developing innovative agri-lendingproducts and climate insurance to build climate-resilient agriculture

11:00-12:30Twiga

Climate change and variability increase the risksof agricultural production. This could impose additional costs to agricultural credit as conven-tional finance becomes unwilling to lend to farm-ers due to the perceived additional risks. Thissession will discuss innovative agricultural financeproducts to build climate-resilient agriculture andfill the vacuum created due to the unwillingnessof conventional finance to accept climate-inducedagricultural risks, which they considered too risky.It will focus on examples where agri-lending andclimate insurance products have been imple-mented to minimise risks for all players, type ofinvestments required to produce high qualityweather data, and identify different kinds of pub-lic-private partnership arrangements that are required to implement specific solutions identified.


Prof. Jimmy Adegoke, Director, Center for Applied Environmental Research (CAER), Univer-sity of Missouri, USA

Dr. Oluyede (Olu) Ajayi, Senior Programme Coordinator, CTA, The NetherlandsBernard Pacher, Chief Executive Officer, PPPADCON GmbH, BelgiumShadreck Mapfumo, Senior Financial Specialist,Global Index Insurance Facility Programme Man-ager, International Finance Corporation (IFC),South Africa Ernest Chitechi, Partnership and Outreach Man-ager, Climate Innovation Center, Kenya

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Tuesday, 15 July

Day 1€

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Tuesday, 15 July

Day 1

[S30] Agriculture and price stability

14:00-15:30Simba

Food prices form an important and volatile com-ponent of the consumer price index in mostAfrican countries. Concerns about price volatilityhave a huge effect on business decisions and in-vestments and have implications for managementof monetary policy. Modernising agriculture is crit-ical for risk management and economic growth.Agricultural growth is a social, economic and po-litical imperative. Given the rapid expansion ofurban populations, growing dependence on im-ported food absorbs foreign exchange earningsand also exposes governments to the risks thatcome with imported food price instability.

There is a surging demand for financial productsthat aid in management of food price risk and arenot prohibitively expensive. The International Fi-nance Corporation, for example, makes availablea price risk management product that allowsbanks to take on credit exposure of businessesand farmers. This allows producers to buy a ‘pricehedge’ to ensure the future value of their productcovers the costs of their loans. Such productsalso encourage lending to the agricultural sectorfor investment, as the borrower has greater cer-tainty of a fixed return. Scaling up of these initia-tives requires development of prudentialguidelines, infrastructure support, a robust capi-tal market and a financial education programme.

Central Bank of Kenya (CBK)

Prof. Emmanuel Tumusiime Metebile, Gover-nor, Bank of Uganda

Ato Teklewold Atnafu, Governor, National Bankof EthiopiaBasiru A.O. Njai, First Deputy Governor, CentralBank of The Gambia Dr. Michael M. Gondwe, Governor, Bank ofZambia Deogratias Mutombo Mwana Nyembo, Gover-nor, Banque Centrale du Congo

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[S5] Testing innovations in livestock anddairy value chain finance: insights from Eastern and Southern Africa

14:00-15:30Chui

This panel discussion will feature three examplesof projects tackling the sustainable provision of financial products and services to small-and-medium sized stakeholders in livestock and dairyvalue chains of Eastern and Southern Africa. Alldevelopment models presented have smallholderproducers in mind as final beneficiaries but thepartners involved in providing the finance and in-surance products and services are private-sectorstakeholders within the meat or dairy valuechains. Therefore, this 45-minute discussion willnot only focus on weighing the pros and cons ofthe scientific tools used to identify the major con-straints to elaborating a sustainable financial inno-vation in the livestock sector. We will also discussthe relevant business models needed to allow the-oretical models for finance and insurance to workin the real-life livestock and dairy value chains ofdeveloping countries. Another 40 minutes will bededicated to discussions with session participantsto debate on further lessons learned from othergeographical regions on finance and insurancemodels for livestock and dairy value chains so asto achieve consensus on the approaches mostlikely to work out in ACP countries.

International Livestock Research Institute (ILRI)

Jo Cadilhon, Senior Agro-economist, Policy,Trade and Value Chains Programme, ILRI, Kenya

Bryn Davies, Market and Capacity DevelopmentManager, ILRI, KenyaSigne Nelgen, ILRI, Nairobi Agro-economist, Policy, Trade and Value Chains Programme, ILRI,KenyaEdgard Twine, Post-Doctoral Fellow – ValueChain Economist, ILRI, Tanzania Representative of Namibian beef export financesystem

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[S48] The West African farmers’ challenge:how can the private sector intermediate between farmers and banks?

14:00-17:30Kifaru

The failure of agricultural development banks estab-lished in the 1970s has resulted in several agricul-tural financing trajectories. However, in the 1990s,new initiatives, such as microfinace in rural areasand the establishment of credit unions by farmers’organisations, were developed. Microfinance gen-erated a lot of hope, but it has been noted that it isshifting from rural areas to urban areas, which aremore profitable and less risky. The credit unions setup by farmer’s organisations represented, in sev-eral regions, the only opportunity of access to financing with, in some cases, their structuralweaknesses. At the current time, central banks, inparticular those of Nigeria, Ghana and Liberia, haveput in place credit facilities for agriculture and manyinitiatives, at both local and regional levels, havebeen implemented to finance the value chain. Thissession addresses innovative value chain financingsolutions, with an emphasis on farmer initiativesand current experiences in the West African region.

ROPPA, CTA

Djibo Bagna, President, ROPPA, Burkina Faso

Nedjema Bennegouch, Head Partnerships,West Africa, SOS-Faim, Luxembourg

Marius Dia, Coordinator, Technical AssistanceUnit, Cadre National de Coordination des Ruraux(CNCR), SenegalIbrahima Bah, National Coordinator, Coordina-tion National des Organisations Paysannes(CNOP)de GuinéeFalery Boly, President, Syndicat des ExploitantsAgricoles de l'Office du Niger (SEXAGON), Mali

Ousseini Salifou, Director, Regional Agency forFood and Nutrition, CEDEAO

Elhadj Abdoulaye Diack, Executive Director,African Agro-Export Association (AAFEX), SenegalPathé Gueye, Director, Banque d'Investissementet de Développement de la CEDEAO (BIDC), Togo

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Tuesday, 15 July

Day 1

[S42] Managing price and weather risks toenable agricultural finance

14:00-15:30Twiga

Reducing weather and price risk is one of the mostcritical considerations in agricultural finance, andvalue chain finance also includes many financialand value chain related instruments which arespecifically designed to better manage both sys-temic and individual risks. The value chain ap-proach helps to reduce price risk through securedmarkets and sales and production risk throughimproved access to seeds, farming practices andtechnology, and agricultural development serv-ices. Agricultural weather risk products are grow-ing in importance but, unless subsidised, theiroverall use is low and there is a reluctance offarmers to voluntarily pay for the insurance. How-ever, others actors farther along the value chainmay want to have such insurance and may requireit or embed the insurance cost into operationalcosts. The rationale is clear: if a marketing com-pany has binding sales contracts it is important tohave secure procurement. If a crop fails not onlywill the crop not be available, but neither will theloan repayments for any advances that may havebeen given. Some experiences in the use of priceand weather risks management tools will be dis-cussed in this session.

Food and Agriculture Organization of the UnitedNations (FAO)

Roy Parizat, Senior Economist, Agriculture andEnvironmental Services Department, World Bank,USA

Arijit Dutta, Chief Operating Officer, BASIX, IndiaProf. Mario J. Miranda, Professor of Develop-ment Economics and Quantitative Methods, OhioState University, USA Dr. Apurba Shee, Agricultural Economist, Inter-national Livestock Research Institute (ILRI), Kenya

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25

Tuesday, 15 July

Day 1

[S9] Agricultural lending for micro-finance institutions: the Kenyan experience

14:00-15:30Kiboko

Some micro-finance institutions (MFI) have devel-oped products and services to serve smallholderfarmers. However, expansion by sustainable mi-crofinance providers into financing for agricultureis complicated by many factors. First, agricultureinvolves high risks and often low returns, weakvalue chains, poor infrastructure, insufficientclient information, poorly functioning property reg-istries and markets, and policy distortions. Sec-ond, agriculture requires different lendinginstruments from those used by MFIs in urbanareas. MFIs need to adapt existing financial prod-ucts and delivery mechanisms to match disburse-ment and repayment to agricultural productioncycles, to offer flexibility in collateral requirements,to provide flexible delivery mechanisms, includingthrough using ICTs, and to develop risk manage-ment techniques. If this is done MFIs can also offercredit for non-farm, household and emergencyneeds as well as savings and transfer paymentservices. MFIs following good practices can alsobring a commitment to efficiency, transparency inreporting, high portfolio quality and sustainability.Panellists from MFIs will discuss how they havedeveloped their agricultural lending businesses.Can agricultural lending be profitable? What solutions have worked and which haven’t? Howdid the MFIs redesign their agricultural lendingbusiness? How relevant have ICTs been in solvingthe constraints of working in rural areas? Thissession discusses lessons from Kenya. S13 willbring in global experiences.

Association of Micro Finance Institutions (AMFI)

Aleke Dondo, Microfinance Expert, K-Rep Devel-opment Agency (KDA), Kenya

Anne Gathuku, General Manager, GreenlandFedha Ltd, KenyaJohn Mwara Kibochi, Managing Director, FauluMicrofinance Bank Ltd, KenyaBenjamin Kimosop, Juhudi Kilimo, KenyaJohn Masha, General Manager, Micro Enter-prises Support Programme Trust (MESPT), Kenya Benjamin F. Nkungi, Chief Executive Officer, Association of Microfinance Institutions, Kenya

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[S31] Central bank interventions in agriculture

16:00-17:30Ndovu

Central banks in the US and Europe in the late19th century created dedicated discount windowsfor warehouse receipt finance. In 1848, the Bankof France developed ‘bonded warehouses’, whichhelped inject liquidity into the monetary system.Later, in Latin America and the Philippines, cen-tral banks also offered discount facilities for ware-house receipt loans. More recently, in Brazil, thegovernment and financial institutions have devel-oped a mechanism for farmers to raise short-termfinance by issuing “I Owe You” notes. In Africa,some central banks have aimed to expand accessto agricultural finance. In Nigeria, the Incentive-Based Risk Management System for AgriculturalLending is primarily driven by the Central Bank ofNigeria. This seeks to: (i) de-risk agriculture so thatbanks can lend with confidence, and (ii) encouragebanks to lend to farmers, by offering incentivesand technical assistance. Other efforts in Africainclude establishment of credit reference bureausand collateral registries. However, central banksmostly focus on their role in securing monetarystability. In this context, the session will discusswhere the boundary for central bank interventionlies? What can central banks do to help boostagricultural growth without compromising theircore monetary policy role?

Central Bank of Kenya

Millison Narh, Chairman AFRACA and DeputyGovernor, Bank of Ghana

Rwangombwa John, Governor, National Bank ofRwandaBenno Ndulu, Governor, Central Bank of Tanzania Sarah Alade, Acting Governor, Central Bank ofNigeriaAlejandro S Alvarez de la Campa, Global Prod-uct Leader, Secured Transactions and CollateralRegistries, IFC, USA

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[S45] Economic landscape of agriculturaldigital finance

16:00-17:30Simba

Originally referred to as mobile money this ex-tremely young and fast moving industry is mostrecently being referred to as digital finance. Mo-bile money started as person-to-person paymentsbetween cell phones and rapidly served the pay-ments needs of large entities or governments. Asmore and more money started circulating outsidethe banking system, banks began to see a com-petitive threat and no longer cared to sit on thesideline. The terms mobile banking (bank productson the phone) and branchless banking (non-tradi-tional banking agents) have rapidly emerged byway of joint ventures between multi-national or-ganisations and banks. These promising changeshave not been lost on central bank regulatorsworldwide who have, for the most part, em-braced the potential for financial inclusion and arepromulgating regulatory lessons learned and bestpractices. Meanwhile, mobile finance – of what-ever variation – can be easily integrated with dig-ital technologies such as smart cards, scratchcards, point of sale devices, biometric identitycapture, ATM’s and others. The panel will reviewthis history, describe how digital finance can servehouseholds and discuss the three approaches toagricultural digital finance (market research,strategic alliance, and horizontal integration intoagri-value chain interventions).


[TBA], GSMA

Birgit Deibele, Mastercard;Carol K. Kakooza, Program Director, Agri FinMobile, Mercy Corps;Herman Louw, Finico Technologies (Pty) Ltd;Eddie Sam Kumakech, Assistant Registrar ofCooperative Societies, Ministry of Trade, Industryand Cooperatives, Kampala – Uganda,

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Day 1

[S23] Pan-African collateral management

16:00-17:30Chui

Using collateral management services (‘field ware-housing’) to support commodity and small andmedium enterprise trade finance has long beenpart of the arsenal of banks, including in Europeand the US. Collateral managers not only controlcommodities as collateral for loans, they alsobring valuable commodity intelligence to financiersand can help structure loans. Where there wasa lack of such services, banks have resorted tocreating collateral management subsidiariesthemselves. To this day, many of the largest col-lateral managers throughout Latin America andin Turkey are owned by banks. Africa is under-ser-viced in terms of collateral management. The veryfew international companies still active in the con-tinent focus on international trade, while local col-lateral managers often don’t have the capital orsystems to properly mitigate bank risks. So isthere scope for a new pan-African collateral man-agement company, perhaps one that brings to-gether interested local or sub-regional companiesunder one umbrella, with upgraded capital andrisk management tools; a company that could beset up by African banks keen on expanding theirpresence in the commodity sector? The sessionwill discuss what the scope for such a companyis, and will elicit the audience’s interest in support-ing its establishment and development.


[TBD] Please check http://fin4ag.org/en/agenda.html

Alex Clemence Gideon Kwayu, Director,CGS Collateral Control Company Limited, TanzaniaNicholas Budd, former partner, Denton WildeSapte, FranceAyodeji Balogun, Business and Investment Offi-cer, Africa Exchange Holdings Ltd, Nigeria

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Tuesday, 15 July

Day 1

[S43] Managing production and marketingrisks to enable agricultural finance

16:00-17:30Twiga

Risk management techniques and price volatilitycontrol could be used to offset some of the riskin agri-value chains. Experience has shown thatthere are many ways to reduce risk – information,market knowledge, chain knowledge and/or acquiring links throughout the chain. Reducingrisk is one of the most critical considerations infinance. Forward markets and futures options arerisk mitigating instruments used in agriculturalmarketing by producers, investors and traders.Such mechanisms can allow farmers to issue anote, promising to deliver a given quantity andquality of product at a given future date and lo-cale. In exchange the buyer pays, in advance, agiven amount of money corresponding to thequantity of product specified to work as a protec-tion against price drops as well as an instrumentfor accessing production finance, and in somecases it can also reduce risks of the buyers. Sev-eral innovative instruments like this will be de-scribed in this session, including physical tools forproduction and marketing risks.


Md Shahjahan Ali, General Manager, Central Ac-counts & Finance, Grameen Bank, Bangladesh

Elies Fongers, Senior Project Manager,Rabobank, The NetherlandsMoritz Waldstein Wartenberg, TransparencyInnovations Manager, Technoserve, Ethiopia

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[S13] Case studies in micro-finance institution lending to agriculture

16:00-17:30Kiboko

This session is a continuation of the debate of thesession on agricultural lending for micro-financeinstitutions: the Kenyan experience (session S9).Panellists from micro-finance institutions (MFI) willdiscuss how they have developed their agriculturallending businesses. Can agricultural lending beprofitable? What solutions have worked andwhich haven’t? How did MFIs redesign their agri-cultural lending business? What are the innova-tions to which MFIs should be looking to scale uptheir agricultural lending business?


David T. Baguma, Executive Director, Associationof Microfinance Institutions in Uganda (AMFIU)

Emmanuel Akinyemi Akintola, Chief ExecutiveOfficer, Community Development Foundation(CDF), NigeriaProf. Badr Eldin A. Ibrahim, President of MicroFinance Unit, Central Bank of Sudan Ann Marie Mwaka Sabano, Manager, Agricul-tural Credit, Centenary Bank, UgandaErwin S. Embuscado, Assistant Manager, AlalaySa Kaunlaran, Inc. (ASKI), The Philippines

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Wednesday, 16 July

Day 2

Sessions

[S4] Development and regulatory issues ofcapital market instruments for agriculture:what can we learn from Brazil and othercountries?

08:45-10:30Ndovu

Banks are not the only external source of fundingfor the agricultural market. Investment funds andvarious capital market instruments can also playan important role. This panel will discuss experi-ences in developing capital market instruments foragriculture. What kind of instruments have weseen emerge in developing countries? What roledid central banks and other government authori-ties play in stimulating the emergence of these instruments? Once introduced, were there anyparticular regulatory issues? The panel will take asa reference the experience of Brazil with ‘RuralProduct Notes’: I-Owe-You notes issued by farmersthat are collateralised by their future crop produc-tion or by their livestock. Against such notes, farm-ers can obtain credit, for example to buy inputs.Brazil’s experience with these products has beenvery successful, but the success required certainconditions: farmers that were linked into valuechains (i.e., market-oriented farmers); a supportivelegal and regulatory framework which, amongother things, provides for a well-functioning out-of-court settlement of commercial conflicts; the avail-ability of insurance to cover, for example, againstweather risk; and the existence of monitoringagencies and of electronic registries. To what extent can such conditions be replicated in Africa?


Jonathan Bell, Editor in Chief, Trade and ExportFinance, England

Samuel Dzotefe, Principal Investment Officer,Agribusiness, International Finance Corporation(IFC), USA Lamon Rutten, Manager, Policies, Markets andICT, CTA, The NetherlandsEdwin Moyo, Executive Chairman, Rollex Pvt.Ltd., Zimbabwe Alexis F.K. Aning, Chief Executive Officer, CCH Finance House Ltd(a subsidiary of Commodity Clearing House Ltd)

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[S41] Risk management tools for agricultural finance

08:45-10:30Simba

Access to finance by actors along the agri-valuechain enhances the efficiency of operations andensures the realisation of the actors’ objectivesin a manner that is supportive of the sector’sgrowth. Limitation in access and utilisation of agri-cultural finance results in inefficient agri-valuechains as actors utilise rudimentary approachesto doing business. Discussions from an interna-tional symposium on agriculture held in Kampalain 2013 indicated that commercial banks andmicro-finance institutions have adequate agricul-tural finance products and services to meet theneeds of entrepreneurs in agribusiness. However,lending to the agricultural sector has been slowedby the unaddressed risks associated with the sec-tor. This was in conformity with findings fromother commissioned research papers that werepresented during the symposium that uptake ofcredit by actors along the agri-value chain hasbeen constrained by a number of factors. Evenwhen credit is accessible, there have also beenconstraints that have affected its utilisation. Thechallenge of risks affecting the sector cuts acrossvalue chains, actors, and gender.

Kilimo Trust Technical Centre for Agricultural and Rural Coop-eration (CTA)

Prof. Nuhu Hatibu, Chief Executive Officer, Kilimo Trust, Uganda

Dr. Oluyede Ajayi, Senior Programme Coordina-tor ARD policy, CTA

Amb. Phillip Idro, Chief Executive Officer, UplandRice Millers Ltd, UgandaDr. Birungi Korutaro, Ass. Director, KilimoTrust, UgandaEsther Muiruri, General Manager of Agribusi-ness, Equity Bank, Kenya

Henry M. Mwololo, Programme Officer, Knowl-edge Management, Kilimo Trust

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29

Day 2Wednesday, 16 July

[S46] Three agricultural digital finance platforms

08:45-10:30Chui

Recent research has revealed that there is a raceamong commodity buyers to have the fastestspeed of payment to farmers. SmartMoney inUganda is a mobile financial service provider work-ing with large cotton and coffee buyers to transi-tion their cash payments to mobile payments. TheRiMFin pilot in Ghana, funded by VISA, transi-tioned the cash payments of the largest ricebuyer to TigoCash payments. The largest cottonbuyer in Zambia, NWK, has been steadfast in itspursuit of e-payments first with mobile payments,then with e-vouchers and most recently with pre-paid bank cards. Finally, in Colombia the BetterThan Cash Alliance will profile their case study ofa smart card payments scheme for the coffeesector. Panel participants, who have blazed thetrail for agricultural digital finance, will share theirlessons learnt and best practices through thelens of market research into cash usage behav-iour patterns of farmers, strategic alliance forma-tion, and integration into their agricultureextension programming.


Dr. Lee Babcock, Consultant, USA

Kwesi Korboe, Country Representative,Agribusiness Systems International (ASI), Ghana Michael Spencer, Founder and CEO, Smart-Money, USARepresentative of NWK Agri-Services, Zambia


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[S36] Women in agri-value chain finance:tips for success!

08:45-10:30Kifaru

Improving access to finance for women farmers,processors, entrepreneurs, product innovators,and business owners is pivotal to the structuraltransformation of African agriculture, strengthen-ing of risk management at the household andcommunity levels, and achieving targets for accel-erated African agriculture growth and transfor-mation goals for the next decade of theComprehensive Africa Agriculture DevelopmentProgramme. In this session, the ways in which financial institutions achieved success in integrat-ing women in business development and improv-ing their business performance, will be discussed.What changes did the financial institutions maketo attract women customers? How is ICT helpfulin overcoming the ‘customer connection’ con-straint to include rural, women farmers andprocessors in financial institutions’ business mod-els? Are farmer organisations the secret? Whatfinancial products are most popular with womenat different stages of the agri-value chain, andwhy? What are the implications for the financialvaluation of financial institutions?

African Union Commission (AUC)

Dr. Joyce Cacho; Advisor/Consultant – Agribusi-ness and Gender; Department of Rural Economyand Agriculture (DREA), Africa Union Commission(AUC)

Wzo Meaza Ashenafi, Chair Person, Enat Bank,Ethiopia Réki Moussa Hassane, Directrice Générale,ASUSU S.A., Systeme financier Decentralisé,Niger Antonio Souto, Managing Director, GAPI, andPresident, Board of Banco Terra, Mozambique HE. DrJoseph Sam Sesay, Minister of Agricul-ture, Forestry & Food Security, Sierra Leone

€

30

Wednesday, 16 July

Day 2

[S49] The East African farmers’ challenge:establishing farmers’ agricultural banks atthe country or regional level in EasternAfrica: prospects and practical steps ahead

8:45-12:30Twiga

Repeatedly, the lack of access to credit due to thestringent borrowing requirements, coupled with thehigh cost of credit are highlighted as major obsta-cles to agricultural development in Eastern Africa.Without affordable credit, small-scale farmers areunable to acquire sufficient resources to invest intheir farming businesses. EAFF members are undertaking various activities to resolve this issue.In Kenya for example the Co-operative Bank ofKenya is one of the largest banks in the region, andits main clientele is the cooperative sector in thecountry. UNFFE has already held discussions withthe Ministry of Finance, the parliamentary commit-tee on agriculture and finance, and the Bank ofUganda. Lastly, with support from CTA, EAFF com-missioned a study in 2013 to explore agriculturalfinancing models across the region. The study gen-erated various ideas on possible viable models tobe scaled out. Despite these initiatives, a compre-hensive solution to the challenge of access to affordable credit still eludes the smallholder agricul-tural sector. During this session we will discuss andagree on concrete proposals for an agriculturalbank and policy for agricultural financing.

EAFF, CTA

Cesarie Kantarama, 1st Vice President EasternAfrica Farmers Federation (EAFF), Rwanda

Vea Kavira, Executive Director, Ligue des Organ-isations des Femmes Paysannes du Congo(LOFEPACO), Democratic Republic of CongoWiligis Mbogoro, Executive Director, TanzaniaFederation of Co-operatives (TFC), TanzaniaTadesse Meskela, General Manager, OCFCU andEAFF Vice President, EthiopiaStephen Muchiri, Chief Executive Officer, EAFF,Kenya Joseph Nkandu, Executive Director, NUCAFE,UgandaAugustine Mwendya, Chief Executive Secretary,UNFFE, Uganda

Stevenson Nzaramba, Trade and AgribusinessOfficer, Eastern Africa Farmers Federation (EAFF),Kenya

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[S29] Central bank forum: agriculture’s significance for the financial inclusion andstability agenda

11:00-12:30Ndovu

Bringing people into the supervised financial sys-tem lowers risks, promotes stability, and improvesintegrity. The Governor of Bangladesh Bank attrib-uted his country’s ability to cope with the global financial crisis to buoyant domestic demand, sup-ported by financial inclusion initiatives in agriculture,small and medium enterprises and renewable energy. Some regulators have taken great stridesto balance the stability and integrity of their finan-cial system with the need to ensure financial serv-ices are inclusive. However, many financialinstitutions are lagging behind, as are the policies,rules and regulations under which they operate.There have been significant innovations in somecountries but these have been slow to spreadacross borders. In Kenya, ICTs make it possible todevelop applications that support farming commu-nities with dynamic links to finance. Small-scale ver-sions of tools previously reserved for relativelylarge financings have been developed. In India, theICT-empowered reintroduction of warehouse re-ceipt and collateral management has led to new fi-nance from banks who were previously wary of thesector. In the Philippines, new financing tools areenabling farmer groups to become owners of pro-cessing plants. Crowd funding is now emerging.For countries where such initiatives have takenroot, there is focus on policies that promote lever-aging of the potential synergies between banks,micro-finance institutions, and mobile phone serv-ice providers.

Central Bank of Kenya

Prof. Benno Ndulu, Governor, Central Bank ofTanzania

Dr. Zeti Akhtar Aziz, Bank Negara, CentralBank of MalaysiaAjith Nivard Cabraal, Central Bank of Sri Lanka Prof. Njuguna Ndung'u, Governor, Central Bankof Kenya Benny Popoitai, Bank of Papua New Guinea Sarah Alade, Acting Governor, Central Bank ofNigeria

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31


[S17] Warehousing and collateral manage-ment systems to promote access to finance

11:00-12:30Simba

Warehouse receipt financing is a loan extendedby a bank, a micro-finance institution or a supplierwhich is secured by collateral created on a cropstored in a warehouse operated by a third partyor by a representative group of farmers collec-tively. The debt is represented by a specific instru-ment (a warehouse receipt or warrant). Althoughwarehouse receipt financing has a good trackrecord in a number of countries, it has not suc-ceeded yet to mobilise financing commensuratewith the needs of smallholder farmers in Africa.In late 2013, AFD, CTA and IFAD jointly commis-sioned an in-depth study, covering nine Africancountries, to analyse what could be done to fosterthe emergence of public warehouse operatorsand accredited collateral managers, so that wideruse can be made of financing based on physicalasset collateralisation. The study comprises botha legal/regulatory and an institutional due dili-gence, aimed at identifying obstacles to the im-plementation of warehouse receipt financing. Thestudy also makes recommendations for the effi-cient development of warehouse receipt financingand warehouse operators. In this session, thelead consultants to this study, completed in June2014, will discuss its findings.

Agence Française de Développement (AFD) International Fund for Agricultural Development(IFAD)Technical Centre for Agricultural and Rural Coop-eration (CTA)


Jonathan Coulter, Director, J Coulter ConsultingLtd., UKGeoffrey L. Wynne, Director, Sullivan & Worces-ter, UK Sam Fowler-Holmes, Associate, Sullivan &Worcester, UKIbrahima Diakhoumpa, Agricultural Value ChainAccount Manager, Banque Nationale pour leDéveloppement Economique, Senegal

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[S21] Building a successful agri-value chainfinancing

11:00-12:30Chui

Agri-value chain finance offers an opportunity toreduce costs and risk in financing, including out-reach to smallholder farmers. For financial insti-tutions, value chain finance creates the impetusto look beyond the direct recipient of finance tobetter understand the competitiveness and risksin the sector as a whole and to craft productsthat best fit the needs of the businesses in thevalue chain. At the same time, value chain financecan help chains become more inclusive, by mak-ing resources available for smallholders to inte-grate into higher value markets. Finance that islinked with value chains is not new; what is newis the way it is being applied more systematicallyto agriculture, using innovative or adapted approaches, tools and technologies. Lessonslearned from around the world and examples oftheir application and innovation will be shared anddiscussed by presenters in this session, includingrecommendations for building efficient and suc-cessful financial linkages along the chain.


Wakil Adjibi, West Africa II, Chairperson,AFRACA, and Chief Executive Officer, Vital Finance,Benin

Prasun Das, Project Manager, Asia Pacific Ruraland Agricultural Credit Association (APRACA),ThailandArijit Dutta, Chief Operating Officer, BASIX, IndiaCalvin Miller, Senior Officer and Leader- Agribusi-ness and Finance Group, Food and Agriculture Organization of the UN (FAO), ItalyJackson Obare Marwanga, Head of Pro-grams/Consultancy, K-Rep Development Agency,Kenya

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Wednesday, 16 July

Day 2

[S37] Capacity-building: what is missing inagri-value chain finance training and how tofill the gaps?

11:00-12:30Kifaru

Over the years substantial effort has been made inAfrica and in the world to ensure that agricultureremains a productive sector of a country’s industry.Forums, workshops and conferences have takenplace especially on issues of policy and creating anenabling environment for agri-value chain players.One key recommendation that has always stood outin these forums is the need for capacity building forvalue chain players and especially in agri-value chainfinance. Agriculture being quite heterogeneous hasmade capacity building critical for each player in thechain. Agri-value chain finance capacity building pro-grammes are welcome feature in many countriesin the form of training for financial service providers,organisation of exchange visits for farmers, agri-processors and traders, and agri-value chain stake-holder forums. Financial institutions now have anidea of what products to develop in order to lend toagribusinesses. Farmers are becoming financiallyliterate on what loans to go for as far as farming isconcerned. Curricula development for these agri-value chain finance capacity building programmes,measuring the impact on the beneficiaries andknowing the areas to upscale are key sections thatstill need to be clearly spelt out.

Rural Finance Knowledge Management Partner-ship (KMP)


Lecira Juarez, Managing Director, The AsiaPacific Rural and Agricultural Credit Association(APRACA), Center for Training and Research forAgricultural Banking (CENTRAB), The PhilippinesDorothy Nduku Kipsang, Regional Programme Coordinator – Financial Services, We Effect, KenyaHarm Haverkort, Microfinance Advisor, Terra-fina Microfinance, EthiopiaNomathemba Mhlanga, Agribusiness Econo-mist, Rural Infrastructure and Agro-Industries Division FAO, ItalyDr. Ochola Phares, Project Coordinator, African Capacity Building Foundation (ACBF)-funded MastersProject, and the Regional Certificate in AgriculturalFinance (CAF), Kenya School of Monetary Studies Moritz Waldstein Wartenberg, TransparencyInnovations Manager, TechoServe, Ethiopia

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[S44] Applying human-centred design tosmallholder agricultural finance

11:00-12:30Kiboko

Estimated at US$450 billion, the global demandfor smallholder agricultural finance is large – andlargely unmet. Some of the most promising ef-forts to improve access to finance for smallholderfarmers seek to be ‘demand-driven’, yet it is chal-lenging to understand the needs of smallholderswhen a large majority of them are loosely organ-ised, if at all, in informal supply chains. Human-centred design – an approach that combinesimmersive end user research with active, hands-on collaboration from those serving the market –is one way practitioners can gain this critical per-spective. Participants in this workshop will con-sider: How can a human-centred design approachreveal smallholder preferences? How do thosepreferences help practitioners shape the develop-ment of smallholder finance? And finally, what les-sons and opportunities can human-centred designgenerate to inform broader agricultural financeand financial inclusion efforts? This session willdraw on findings from the Initiative for SmallholderFinance's recent design lab (facilitated by Dalberg'sDesign Impact Group), which sought to uncovernew thinking and innovative solutions to increasethe availability of direct-to-farmer financing.

The Initiative for Smallholder Finance

Angela R. Hansen, Partner, Dalberg Global Development Advisors, South Africa


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33


[S26] Reinvigorating policy processes in support of a radical new agri-value chain financing agenda

14:00-15:30Ndovu

Agricultural finance is often sidelined. Ministriesof Agriculture tend to have limited expertise inthe area, and limited contact with private sectorfinanciers. Ministries of Finance tend to have littleexpertise in agriculture, and generally do not pri-oritise the sector. Central banks do not wish toengage in sectoral policies. Private sector finan-ciers are wary of agricultural lending and con-sider this the responsibility of specialised,government-owned banks, but the latter do nothave the means nor, in many cases, the manage-ment structure necessary to roll out an innova-tive agricultural financing strategy. Farmers’organisations tend to have too little agriculturalfinance expertise to lobby effectively for improve-ments in the domain. A radical new agri-valuechain financing agenda requires a big change inall of this. Under the leadership of the New Part-nership for Africa’s Development Secretariat, thissession will bring together a mix of stakeholdersto debate what needs to be done to incorporatebest practices into agricultural financing policyprocesses, building on the discussions in otherconference panels.



Daniel Gad, Owner, Omega Farms, Ethiopia

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(S22] Adopting an agri-value chain financingstrategy in a micro-finance institution

14:00-15:30Simba

Basix, established in 1996, is a livelihood promo-tion institution, which started providing microcre-dit to India’s rural poor. The various microcreditproducts are offered to individuals, joint liabilitygroups, farmers’ group, and women self-helpgroups. This helped Basix increase its client basein an organic way and maintain good portfolioquality. Basix is the first institution to receive in-vestment from IFC, and secure its loan portfoliowith commercial banks in India.

Basix commissioned an impact study conductedby the Indian Market Research Bureau for itscredit services. This study revealed that about52% of its clients reported a positive impact,23% no change and approximately 25% reporteda decline in their income.

These findings led to a fundamental shift in theway that Basix operated, from micro-finance tolivelihood promotion. Basix identified the reasonswhy clients’ incomes did not increase (unmanagedrisk, low productivity, and unfavourable terms ininteracting with markets), and started addressingthese explicitly in its lending operations.

The result was a new generation micro-finance in-stitution (MFI) adapted to the realities of agricul-ture. In this session, senior Basix managers willshare how a MFI can successfully adopt an agri-value chain financing strategy, and their experi-ences in managing the many risks to which a MFIwith a focus on rural areas is exposed.

Basix Social Enterprise Group


Arijit Dutta, Chief Operating Officer, Basix SocialEnterprise Group, IndiaB L Parthasarathy, Group Senior Vice Presi-dent, Basix Social Enterprise Group, India

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Wednesday, 16 July

Day 2

[S10] Support mechanisms to agri-valuechain finance

14:00-15:30Chui

Agricultural investment funds and credit guaran-tee schemes can play a critical role in fosteringthe development of agri-value chains, since theycontribute to growth, productivity increases, riskmitigation and hence sustainable development.The growth of investment funds for agriculturehas been importantly spurred by increasing re-turns as well as because of innovation and expe-rience in risk mitigation of investment. Guaranteeschemes have been used over the years in manycountries, more frequently for small enterpriseloans in diverse sectors, but they are now quitecommon in agriculture and agribusiness. There isrenewed interest in using them to increase invest-ment in the sector and to ensure that investmentis directed towards target groups and agro-indus-tries that are deemed too risky for adequate fi-nancing without such risk-sharing incentives. Inthis session, presenters will discuss and show-case their experiences with support instrumentsand mechanisms for agri-value chain finance,such as ad-hoc investment funds and innovativeguarantee schemes.


Nassa Idrissa, Vice Chairman, AFRACA, andDirector-General, Coris Bank, Burkina Faso

Fred Kiteng’e, Director of Lending, East Africa,Root Capital, KenyaIFADSabdiyo Dido Bashuna, Regional Coordinator,East and Southern Africa/Global Gender in Agri-culture Coordinator, SNV Netherlands Develop-ment Organisation, Kenya[TBA], Development Credit Authority (DCA),USAID, USAHannah Fuellenkemper, Analyst, Financial AccessCapital Partners, The Netherlands

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[S38] Information, communication andknowledge management in value chain financing: lessons learnt

14:00-15:30Kifaru

One key to success is to ‘know the business andthe client’. The value chain concept is becomingimportant in assisting financial institutions tomake lending decisions and develop relevant prod-ucts. Using knowledge of a value chain to assessits strengths and the risks faced, enables a finan-cial institution both to make lending decisions andto plan its overall portfolio. However, such innova-tions in financing are still not widely known, norhave they been systematically monitored and eval-uated because very often information demand isnot matched by adequate supply, as informationis either not readily available or, when it is avail-able, not properly documented, detailed enough,packaged well, or disseminated outside organisa-tions. Improved knowledge management provisionwill help financial institutions to better understandwhat works and what does not, and under whatconditions. For example, a means to communi-cate innovations is presently lacking, e.g. througha repository of innovative models and methodolo-gies. For financial institutions to provide valuechain finance it is also critical for them to haveagricultural experts who can better understandthe agricultural sector, analyse risks, and developappropriate financial products. Unfortunately, uni-versities in many African, Caribbean and Pacificcountries are not presently geared to supply grad-uates with the necessary skills. Therefore, thereis a need to translate information into knowledgeso that knowledge can be applied and replicated.

Rural Finance Knowledge Management Partner-ship (KMP)


Calvin Miller, Senior Officer and Leader, Agribusi-ness and Finance Group, Food and Agriculture Organization of the UN (FAO), ItalyJared Getenga, Interim CEO, Association ofKenya Credit Providers (AKCP)Marise Blom, general manager, SCOPEinsigh,The NetherlandsDr. Marlowe U. Aquino, Project Manager, IFAD-APRACA FinServAccess Regional Project, Asia-Pacific Rural and Agricultural Credit Association

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35


[S51] The Caribbean farmers' challenge: factoring for farmers

14:00-15:30Twiga

Like many farmers elsewhere, Caribbean farmersfinance their buyers. According to research donein the late 2000, those who sell to organised buy-ers such as supermarkets, hotels or cruise lineshad to wait an average of 71 days to be paid. Thisworsens already cash flow-constrained situationof farmers, to the detriment of their livelihoodsand investment possibilities.

In many countries, there are mechanisms thatpermit those holding such ‘receivables’ (acknowl-edged confirmation that reputable buyers are topay certain sums) to ‘discount’ them, that is tosay, receive an immediate cash payment – this iscalled factoring. The discount is a function of thecost of financing and the default risk of the buy-ers, and in most situations, farmers would be bet-ter off if they could ‘discount’ their invoices withbuyers against immediate cash payments. Thefarmers who are members of the CaribbeanFarmers Network (CaFAN) collectively sell forUS$100 million a year to organised buyers. Is itpossible to establish a factoring facility forCaribbean farmers? How would it be structured?What role can a development bank play? What isthe role of technology? Participants will be chal-lenged to draw up a roadmap for a Caribbean fac-toring facility.



Jethro Greene, Chief Coordinator, CaribbeanFarmers Network (CaFAN), St. Vincent & TheGrenadines

Munyutu Waigi, Co-founder, Umati Capital,KenyaNiko Kluyver, General Manager & Partner Fac-torPlus, Caribbean Factoring Services B.V. dbaFactorPlus, Curaçao

Session

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Commentators

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[S14] Public-private interventions to promote agri-value chains finance and betteragricultural risk management mechanisms:lessons learnt

16:00-17:30Ndovu

This session will enable participants to develop aninteractive discussion focusing on how to facilitatepublic-private coordination that enables an inte-gral management strategy. Public-private partner-ships can provide a solid foundation to deal withthe complexity of certain value chains and themanagement of the risk associated to their oper-ations – dividing areas of responsibility accordingto core competencies, resources and mission.Participants will be invited to share their view andthe lessons learnt from ground experiences.


[TBD] World Bank/Agrifin


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Wednesday, 16 July

Day 2

[S18] The ins and outs of successful warehouse receipt finance

16:00-17:30Simba

As banks mostly lend against the collateral of fixedassets, the majority of commodity value chain ac-tors, like most of the small and medium enterprisesector, are short of working capital. Collateralmanagement can unlock floating assets, in par-ticular commodity stocks, as valid collateral forfinanciers, thus greatly enhancing access to work-ing capital finance. Here, the financier engages athird party, called a collateral manager, to takephysical control over the inventory at a borrower’spremises. The collateral manager effectively re-moves control over the stock from the borrower.He provides assurance over the continued pres-ence of the commodities, and is liable to the bankif, in the case of a loan default, the bank finds thatthe commodities are no longer present. Collateralmanagement has proven an effective tool in lend-ing worldwide. However, it comes with its ownrisks, and successful use requires a bank to fol-low certain principles. The session will discusshow a bank can make proper use of collateralmanagement tools, and what opportunities it canopen up by such use.


Isaac Awuondo, Group Managing Director, Com-mercial Bank of Africa Limited, Nigeria

Richard Wangwe, Head Agriculture, StanbicBank Uganda Limited, UgandaAbdou Konlambigue, �Programme Officer Mar-ket Access, Alliance for a Green Revolution inAfrica (AGRA), KenyaRobert Pascal, Head of Agribusiness, NationalMicrofinance Bank Limited, Tanzania [TBA] Caisse d’épargne et de crédit agricolemutuels (CECAM), Madagascar

Session

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[S39] Increasing access to finance for youngagro-entrepreneurs: innovative models andreplication issues

16:00-17:30Chui

The lack of agricultural financial assets is one of thekey challenges that young people face when they areengaged in agricultural entrepreneurship. Youngpeople naturally lack savings, especially when theyare unemployed or students. Due to the uncertaintyinherent to their young age and their lack of capac-ity, financial service providers are either reluctant toinclude them, or merely exclude them from theirschemes. Youths are unable or find it very difficultto provide collateral. While all organisations andgovernments as well as the international communityrecognise that it is vital to strengthen the engage-ment of young people in agriculture in order to sus-tain current and future food security and preventsocial unrest, there is an urgent need to improveand enhance initiatives aimed at securing capital foryouth agribusinesses. This session will discuss thedevelopment and sustained replication of innovativemodels of youth inclusive agricultural finance serv-ices, throughout the entire value chain. Key issuessuch as capacity building on financial services, pro-motion of public-private pro-youth financial services,and opportunities offered by ICTs, will be covered aswell. Discussions will be interactive, taking the formof a chat show followed by world café.


Ken Lohento, ICT4D Programme Coordinator,CTA, The Netherlands

Ayodeji Balogun, Business and Investment Office, Africa Exchange Holdings Ltd, Nigeria

Lauren Servin, Country Manager, SPARK, SouthSudanOpio Obwangamoi David, Founder and Lead, Ensibuuko, Winner of the Hackathon, Uganda Gerald Otim, Uganda, Ensibuuko, Winner of theICT4Ag Hackathon, Uganda,Representative, FAO, Kenya[TBA] Youth Venture Capital Fund, Uganda [TBA] Projet de Promotion de l’EntreprenariatRural (PROMER), Senegal


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37


[S52] Lifting barriers to the development ofagricultural insurance

16:00-17:30Kifaru

Insuring against crop and livestock losses due toclimatic hazards allows farmers to protect theirincome and invest more on their farms, thanks inparticular to easier access to credit. However, although Africa accounts for a large share of cul-tivated land, its current market for agricultural insurance is still very small. What are the mainimpediments limiting the supply and demand ofagricultural insurance? Drawing lessons fromprojects carried out in different countries, thesession will focus on the impact of technology, therole of producer organisations and public policies,as well as potential synergies between insuranceand the financing of agriculture.

Foundation for World Agriculture and Rurality(FARM)

Jean-Christophe Debar, Director, Foundation forWorld Agriculture and Rurality (FARM), France

Ismaila Diakité, Chairman of the Board, Maliancooperative Coopérative des producteurs et culti-vateurs du Mali (CPOROCUMA)Sylvain Dufour, Farm Credit Advisor, Développe-ment International Desjardins, HaitiDr. Andrew Mude, Project Leader, Index-BasedLivestock Insurance Program, ILRI, KenyaFrancesco Rispoli, Technical Advisor, Rural Fi-nance, IFAD, Italy

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[S6] Experiences in financing horticulturalexports

16:00-17:30Twiga

The horticultural trade between ACP countries andthe EU plays an important role in meeting the UN’s2015 Sustainable Development Goals. There is anopportunity today to promote a new agriculturalmodel combining innovation, new technologies andsustainable agricultural practices where small-scale growers are recognised as competitive sup-pliers. Over the past 40 years, COLEACP hasacquired extensive experience in supporting sustain-able horticultural trade between ACP countries andthe EU. Better access to financial services is one ofthe areas where more efforts need to be investedas the demand for small and medium enterprises(SME) and smallholder agricultural finance remainslargely unmet throughout ACP countries. Meetingthis demand requires various approaches tailoredto the specific characteristics of each country andproduction system. The objective of this session isto identify the major growth pathways for deployinginvestments to address SME and smallholder fi-nance for export horticultural supply chains. Whattype of financial mechanisms are available and forwhom? Has the social lender model been success-ful for export horticultural supply chains? What arethe conditions to meet in order to overcome thechallenges faced by SMEs and small-scale growers?How do multinational buyers use their relationshipswith exporters and farmers to originate loans, as-sess risk and collect payments?

Europe-Africa-Caribbean-Pacific Liaison Commit-tee (COLEACP) Technical Centre for Agricultural and Rural Coop-eration (CTA)

Vincent Fautrel, Senior Programme Coordinatorfor Agricultural Value Chain Development, CTA,The Netherlands

Apollo Owuor, Director of Agriculture and Cor-porate Affairs, KHE Purity Naisho, General Manager, INTERVEG Representative, FPEAK Hugo Couderé, Senior advisor and head of port-folio for Africa and Asia, ALTERFIN Dan Awendo, CEO, InvestQ Capital KenyaRepresentative Kenyan Commercial Bank (KCB)

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Day 3

Sessions

[S32] Creating critical mass in warehousereceipt finance – discussion panel

08:45-10:30Ndovu

Bespoke warehouse receipt finance is om-nipresent, and can be found in the most difficultenvironments. In these cases, a collateral man-ager acts at the request of a bank or supplier tosecure physical commodities, to turn these intoeffective collateral for a loan. The resultant riskreduction means lower interest rates, but eachof these deals needs to be negotiated and trans-action costs are too high for many value chain actors. On the other side of the spectrum thereis public warehousing, where in principle everyonewith commodities can deposit them in a ware-house and use warehouse receipts to secureloans – but most countries do not provide the nec-essary legal and regulatory environment for sucha system to operate, and legal change has gen-erally proven painful. If warehouse receipt financeis to be made accessible to a larger number ofvalue chain players, including producers, whatshould be done? Should the focus be on publicwarehousing, however long it may take to createthe needed conditions? Are there ways to spreadthe use of collateral management, for example byturning collateral managers into agents of banks?Can banks be incentivised to do more warehousereceipt finance? How to move forward?



Dr.Charles Kimei, CEO and President, CRDBBank, TanzaniaMakiko Toyoda, Product Lead, Trade and SupplyChain - Global Warehouse Finance Program, International Finance Corporation (IFC), USADr. Gideon E. Onumah, Agricultural Econo-mist/Rural Finance Specialist, University ofGreenwich, United KingdomSata Ramamonjisoa, Senior Consultant, FTMHConseils, Madagascar

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[S27] Agricultural investment funds

08:45-10:30Simba

Despite the prevailing view that agriculture isrisky, investment in agriculture is experiencing sig-nificant growth due to improved profitability pro-jections, better mechanisms to pool investmentto reduce risk, and interest of development agen-cies and governments to increase investment inthe sector to achieve food security. Investmentfunds make investing less risky and easier sincethey not only pool investors and investments in adiversified portfolio. The investment fund man-agers provide the due diligence, oversight and ad-ministration to manage the investments. Privatesector investment fund managers are increasinginvestments in the agricultural sector since de-mand for food and other agricultural products isexpected to continue to increase. Private-publicinvestment funds have become more common inrecent years and are often structured with a dou-ble or triple bottom line of profit and sustainability,often with the aim of combating hunger andpoverty. Despite interest of donors and social in-vestors, public-private investments require thatdiffering interests be arranged and managedcarefully. Often donor funded technical assistancefacilities are needed to accompany the invest-ments. Challenges and opportunities for invest-ments in agri-value chains will be discussed in thissession by managers, directors and coordinatorsof the some of the most prominent investment ini-tiatives in agriculture.



Fred Kiteng’e, Director of Lending, East andSouthern Africa, Root Capital, KenyaCalvin Miller, Senior Officer and Leader, Agribusi-ness and Finance Group, Food and Agriculture Organization of the UN (FAO)Gilles Vercammen, Business Development Man-ager, Incofin Investment Management, BelgiumLaura Mecagni, Head, Private Sector Window,Global Agriculture and Food Security Programme,International Finance Corporation (IFC), USA

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39

Day 3Thursday, 17 July

[S25] Progress of African commodity exchanges

08:45-10:30Chui

The first ‘modern’ commodity exchanges in Africawere created in Zambia and Zimbabwe in 1994,and in South Africa in 1995. While the first twofailed, the South African Futures Exchange(SAFEX), a response to the government’s with-drawal from agricultural trade, went on to be-come Africa’s largest. A little over a decade later,2008 saw the launch of the Ethiopian CommodityExchange (ECX), now the second largest. Unlikethe earlier initiatives, ECX was a government ven-ture, buoyed by massive government and donorsupport: it showed that a commodity exchangecan be successful even in a country with poor in-frastructure and an underdeveloped commoditysector. Meanwhile, Malawi’s Agricultural Com-modity Exchange has achieved sustained volumesdespite lacking such massive support. A count ofAfrican exchange initiatives shows that there are,or have been, exchange initiatives of some sort in28 countries, including numerous national initia-tives alongside a few ambitious and well-fundedsub-regional and regional ones.

This panel will review how the current wave ofemerging exchanges is playing a critical role in de-veloping and strengthening warehouse receiptsystems, facilitating directly and indirectly the fi-nancing of commodity stocks. How are exchangeslikely to change the landscape of commodity fi-nance in Africa?

NEPAD Business CouncilTechnical Centre for Agricultural and Rural Coop-eration (CTA)

Lamon Rutten, Manager, Policies, Markets andICT, CTA, The Netherlands

Adam Gross, Investment and Capital MarketsAdvisor, NEPAD Business Council, South AfricaPaul Kukubo, Chief Executive Officer, East AfricaExchange (EAX), RwandaKristian Schach-Möller, Chief Executive Officer,Agricultural Commodity Exchange for Africa(ACE), Malawi

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[S16] The role of technical assistance inlending products for smallholder agriculture

08:45-10:30Kifaru

Specialised agriculture technical assistance to thelender and borrower through soil health manage-ment, quality input acquisition and on-farm man-agement are required to improve access to creditin the agricultural sector through a formal ap-proach. The technical assistance can be coordi-nated by a special purpose vehicle (SPV) whichcan formally organise and recommend the agri-culture-based services required through mobiletools and crop insurance as part of a ‘real time’information network as an example of chain of ac-tivities which can mitigate risk. The knowledge ac-quired from various organisations led by theSyngenta Foundation will look at ‘the role of tech-nical assistance in lending to agriculture’ to helpincrease access to credit for smallholder farmersby sharing knowledge on options available, and un-exploited potential by both borrowers and lenders.A SPV will be recommended as a cost effectiveoption to catalyse the creation of a high qualitymember based ‘reference bureau’ for lenderswho need to formally acquire deeper knowledgein agriculture to improve, enhance, and speed upthe quality of their interaction with a smallholderfarmer. The proposed organisation will be de-signed to support rural based borrowers utilisinga real time information transmission network.

Syngenta Foundation for Sustainable Agriculture

Moly Dingani, Chair Southern Africa Sub Region(SACRAT), AFRACA, and Divisional Director, RetailBanking, CBZ Limited, Zimbabwe

George Osure, Program Director, SyngentaFoundation for Sustainable Agriculture, Kenya George Waigi, National Projects Officer, Interna-tional Labour Organisation (ILO), KenyaNicholas Daniels, East Africa Government Rela-tions Manager, One Acre Fund, UK

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[S50] The Southern African farmers’ challenge: climate finance for agriculture

08:45-12:30Twiga

Transforming African agriculture in the face of cli-mate change will call for unprecedented levels ofinvestment. Substantial, predictable and long-term climate finance will be required to supporta transition to climate-smart agriculture in South-ern Africa. The session will explore public, privateand multi-lateral options for climate finance. Per-spectives from a broad range of stakeholders willbe shared on priority areas for investment, appro-priate financing instruments, and the institutionalsystems required to drive these actions. Partici-pants will include farmers’ leaders, practitioners,policymakers and scientific partners.

Southern African Confederation of AgriculturalUnions (SACAU)Technical Centre for Agricultural and Rural Coop-eration (CTA)

Dr. Oluyede (Olu) Ajayi, Senior Programme Co-ordinator, CTA, The Netherlands

Theo de Jager, President, SACAU, South AfricaLloyd Chingambo, Chairman, African CarbonCredit Exchange (ACCE), ZambiaKai Windhorst, Consultant, Unique-landuse,UgandaIshmael Sunga, Chief Executive Officer, SACAU,South Africa

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[S15] Guarantee schemes: experiences andlessons learnt

11:00-12:30Ndovu

Various types of guarantee systems and schemesare used to increase lending or investing to thetargeted sectors or type of enterprises by sharingor absorbing the risks associated with lending.Guarantees not only can increase the amount ofloan funds available to an enterprise or a portfolioof investment beyond its own collateral limits butalso the due diligence and monitoring of the guar-antee manager can improve the quality of theloans made. However, guarantee funds have acost, which is paid through the fees chargedand/or subsidised by the government or a donor.Questions arise regarding the costs versus thebenefits when a subsidy is needed. What is thevalue added of guarantee funds in reducing therisks to lending, and how much do the funds in-fluence lenders’ decision-making regardingwhether or not to lend? There is considerable re-newed interest in using guarantees to increaseinvestment in agriculture and small and mediumenterprises that are deemed too risky for ade-quate financing without such risk-sharing incen-tives. Presenters will discuss their applicationsand results of guarantee funds for agriculturaland rural enterprise development.


Anthony Olufidipe, Deputy General Manager andHead of Agricultural Department, Union Bank ofNigeria, and Chairman AFRACA Wacrat 2

Nomathemba Mhlanga, Agribusiness Econo-mist, Rural Infrastructure and Agro-Industries Di-vision, FAO, ItalyJosephine N. Mukumbya, Chief OperatingOfficer, aBi Finance Ltd, UgandaPrasun Das, Project Manager, Asia Pacific Ruraland Agricultural Credit Association (APRACA),Thailand. Uzoma Onuoha, Deputy Director, AgriculturalCredit Guarantee Scheme, Nigeria

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[S3] Crowdfunding for ACP agriculture: initiatives, challenges and perspectives

11:00-12:30Simba

Crowdfunding, the collection of financial re-sources directly from the public (the ‘crowd’), usu-ally through internet platforms, has emerged asan innovative means to fund projects and ven-tures. It is believed to have helped companies andindividuals worldwide raise US$2.66 billion in2012, with more than 1 million individual cam-paigns established globally. It takes differentforms with different business models. Due to theimproved internet penetration in African,Caribbean and Pacific (ACP) countries, an in-creasing number of agricultural projects are alsobeing funded via this mechanism in these regions,from small-scale farming to larger ventures. Thissession will discuss the use of this novel financialinstrument for ACP agriculture, its challenges,models and ways to unlock its full potential.


Ken Lohento, ICT4AD Programme Coordinator,CTA, The Netherlands

Patrik Huber, Regional Manager Africa, Respon-sAbility, Switzerland

Thameur Hemdane, Founder/CEO, Adiaspii.org,France Opio Obwangamoi David, Founder and CEO, Ensibuuko, Winner of the ICT4Ag Hackathon,Uganda Stephanie Mbida, Co-Founder and CEO, Kick-Loans, Canada David Kitusa, Regional Representative, Anglo-phone Africa, KIVA, Kenya

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[S47] Agricultural digital finance: more thanpayments

11:00-12:30Chui

Agricultural digital finance includes savings, creditand insurance. This panel will discuss self-admin-istered mobile Layaway savings in Mali, weather-indexed input supply micro-insurance in Kenya andthe use of big data analytics for alternative creditscoring. Once the basic infrastructure is built,most often for facilitating payments, these andother value added services could be included inthe infrastructure. The limiting constraint is nottechnical in nature but, as the panellists will por-tray, it is more about the requisite business modelinnovations in the areas of awareness, partner-ships, education and delivery.



Michael Turner, President and CEO, PERC; Ivan Mbowa, Co-Founder, Umati Capital; Stanley Munyao, Chief Operating Officer, MusoniKenya Limited; Agrotosh Mookerjee, Principal Actuary, Mi-croEnsure

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Thursday, 17 July

Day 3

Session [S7] New strategies for financingagricultural mechanisation

11:00-12:30Kifaru

In the 1960s many African states set up pro-grammes of large-scale farming which promotedmechanisation. However, these programmeshave failed, which has led to a lot of scepticismabout mechanisation policies. Currently, agencieswhich dare to design mechanisation pro-grammes, simply provide equipment but hardly in-tegrate its maintenance in their strategies. It isvery easy to put equipment in place but maintain-ing it is a challenge. Nevertheless, if African agri-culture is to become a modern sector, it needsto mechanise. But how? And how should mecha-nisation be financed? Today, this is far from clear.Nigeria is currently setting up a mechanisationprogramme, but it is based on many assump-tions. Are we making the right choices? Shouldwe go for a strategy based on cooperatives inrural areas, or a public-private partnerships?Should mechanisation be subsidised by the gov-ernment, or driven by the market? From the fewexamples of recent mechanisation policies thatwe can see, what has worked and what has not?These are the issues this session will discuss.

Federal Ministry of Agriculture of Nigeria(FMARD)African Rural and Agricultural Credit Association(AFRACA)

Rommel Acevedo, Secretary General (CEO), LatinAmerican Association of Development Financial Institutions (ALIDE), Peru

Dr. Ahmed D. Adekunle, Federal Ministry ofAgriculture of Nigeria (FMARD) Engr. Bitrus Elesa, Tractor Owners and Opera-tors Association of Nigeria (TOOAN)Thomas N. Etuh, Chairman, TAK ContinentalLimited, NigeriaPhilip Ikeazor, Managing Director/CEO, Key-stone Bank Limited, Nigeria Lucas Meso, Managing Director, Agricultural Finance Corporation, Kenya

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[S28] Positioning farmers’ organisations inagri-value chain finance: debate

14:00-15:30Ndovu

It is undeniable that farmers are severely con-strained in their access to credit, both for invest-ment and for working capital purposes. It is alsoundisputed that most of the past centralised,state-driven approaches have failed to resolvethese constraints. Newer approaches, usingmicro-finance techniques adapted to agriculture,value chain financing mechanisms centred aroundprivate sector buyers, agri-leasing and the like,hold out much more promise. How should farm-ers’ organisations position themselves in the de-bate on a new landscape for agricultural finance?Should they lobby for subsidised credits, or for im-provements in the legal and regulatory frameworkfor such credits? Should they seek to build them-selves the institutions for improved agricultural fi-nance (e.g., farmer-owned banks), or enter intostrategic alliances with the private sector? Shouldthey put cooperatives in a central position in thedistribution of credits, or should they focus onhelping to create systems in which individual farm-ers have immediate access to credit? What rolecan farmers’ organisations play in the nationaland regional debates on agricultural finance, forexample in the context of the ComprehensiveAfrica Agriculture Development Programme’s na-tional investment plans?




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[S54] Weather risk management and agricultural finance

14:00-15:30Chui

Profitable farmers tend to reimburse their loans.Inversely, in the absence of insurance, even well-designed agricultural lending operations can ex-pect massive defaults when farmers’ crops arewiped out by an extreme weather event. Farmers’capacity to repay loans is directly correlated totheir yields, and therefore their lenders are di-rectly exposed to the risk of, say, poor rainfall.Banks should, like their farmer clients, be coveredagainst catastrophic risk, and if possible, alsosome of the more common risks. But productsto manage these risks have been scarce in devel-oping countries

However, over the past decade, there has beenmuch work on introducing weather risk manage-ment tools, and engineering vehicles to bringthem to farmers (e.g. bundling with input supply).Not all efforts have been successful. But somehave. How far are we now from replicating androlling out successful structures? How dependentare we on development agencies and govern-ments to subsidise weather risk managementschemes? Do banks really understand how theyshould use weather risk management instru-ments? A panel of some of the most experiencedexperts in this field will debate these issues.


H.E. Mr. Johnson Weru, Ambassador, Embassyof the Republic of Kenya in Brussels, Belgium

Dr. Shadrek Mapfumo, Senior Financial Special-ist, Global Index Insurance Facility Program Man-ager, International Finance Corporation (IFC),South Africa Ulrich Hess, Consultant, GermanyB L Parthasarathy, Group Senior Vice Presi-dent, Basix Social Enterprise Group, India[TBD] Please check http://fin4ag.org/en/agenda.html

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[S2] Experiences in financing fishing and fishfarming

14:00-15:30Kifaru

For a large number of ACP countries the fisheriesand aquaculture industry represents a substantialpart of their economy (creation of jobs, currencyrevenues) and contributes directly to the food se-curity of populations. With the very strong growthof urban markets up to 2050, the demand forfishery products is expected to increase signifi-cantly in the coming years, at a time when certainresources are tending to decrease sharply. Thefunding of the development of sustainable fish-eries and aquaculture systems is a major issueat the very time the industry is undergoing far-reaching internal and external changes. This par-allel session will focus on the different mechanismsfor funding fisheries and aquaculture and recentdevelopments. It will also highlight the role of thevarious public and private stakeholders and will at-tempt to develop guidelines on the basis of exam-ples of innovative financing.


Vincent Fautrel, Senior Programme CoordinatorAgricultural Value Chain Development, CTA, TheNetherlands

Gaoussou Gueye, Secretary General, AfricanConfederation of Artisanal Fisheries ProfessionalOrganizations (CAOPA), SenegalBeth Wagude, CEO, Kenya Fish Processors andExporters Association, AFIPEKXavier Vincent, Senior Fisheries Specialist,World Bank, FrancePhilippe Michaud, Chairman, Seychelles Fish-eries Authorities, SeychellesSloans Chimatiro, Senior Fisheries Advisor,NEPAD Planning and Coordinating Agency, SouthAfricaFroukje Kruissen, World Fisheries Centre,MalaysiaElies Fongers, Senior Project Manager,Rabobank, The Netherlands

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Field Trip 1 Kiambaa Constituency: Kiambaa Rural Dairy Sacco

• Organiser: Cooperative Bank• Contact person: Monicah Wanjiku• Cell: +254 724 287 019; E-mail:[email protected] constituency in Banana Town is situated at 25 km fromthe Kenyan School of Monetary Study. You will have the chance tovisit Kiambaa Rural Dairy Sacco involved in a dairy value chain andsee how access to finance has helped improve quality and deliveryof milk in the constituency. 50 participants are expected to partic-ipate to this field trip.

Field Trip 2 Kieni Constituency

• Organiser: Farm Concern International (FCI)• Contact person: Stanley Mwangi• Cell: 0715408650; E-mail: [email protected] is situated at 200 km from the Kenyan School of MonetaryStudy. You will have the chance to visit onion farmers and see howthey have increased their incomes tremendously through commer-cial village formation and development of an innovative financialproduct in collaboration with a local micro finance institution. 30participants are expected to participate in this field trip. www.farmconcern.org

Field Trip 3 Tala Town: Kyanzavi Farmers Company Ltd & Kilalani Farmers Coop Society Ltd

• Organiser: Coffee Development Fund• Contact person: James Muema - +254 727915732; E-mail:[email protected] and Michael Musyoka • Cell: +254 722137308; E-mail: [email protected] town is situated 60 km from the Kenyan School of MonetaryStudy. You will have the chance to visit both large & small scalecoffee producers and see the different financing models used ineach scale of coffee farming. 50 participants are expected to par-ticipate to this field trip. www.codf.co.ke

After an early morning safari to Nairobi National Park (when theanimals are at their most active), a breakfast is organised. Afterbreakfast, participants will have the opportunity to take part inone of a number of exciting field trips organised by different or-ganisations that will show how agricultural finance is alreadybeing transformed on the ground.

Field TripsFriday 18 July Thursday, 17 July

Day 3

Closing Ceremony

16:00-17-30Ndovu

Gideon Muriuki, Chief Executive Officer,Cooperative Bank, Kenya

Saleh Gashua, Secretary-General,African Rural and Agricultural Credit Association (AFRACA)

Michael Hailu, Director, Technical Cen-tre for Agricultural and Rural CooperationACP-EU (CTA)

HE William Ruto, Deputy President ofKenya

TimeRoom

KeynoteSpeech

ConcludingStatements

Vote of Thanks

ConferenceClosing

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Field Trip 4 (Timau Town): Ntirimiti Centre

• Organiser: Syngenta Foundation• Contact person: George Osure• Cell: 0703019260; E-mail: [email protected] town is situated 225 km from the Kenyan School of Mone-tary Study. You will have the chance to visit horticulture and Pota-toes value chain financers for export and how financing hastransformed lives of farmers in Timau. 30 participants are ex-pected to participate to this field trip. www.syngentafoundation.org

Field Trip 5 Nyeri Town: Brade Gate Holdings Ltd

• Organiser: Agricultural Finance Corporation• Contact person: Jackson Echoka• Cell: +254 711 590 641; E-mail: [email protected] town is situated 160 km from the Kenyan School of Mone-tary Study. You will have the chance to visit a poultry value chainof Brade Gate Holdings Ltd. 59 participants are expected to par-ticipate to this field trip.

Field Trip 6 (Kajiado County): Zinger Enterprises Ltd

• Organiser: Agricultural Finance Corporation• Contact person: Wanjau Wambugu• Cell: +254 723 840 472; E-mail: [email protected] County is two hours drive from the Kenyan School of Mon-etary Study. You will have the chance to commercially oriented agri-cultural entrepreneur known as Zinger Enterprises Limited [ZEL],renown for steers breeding in the whole of Kajiado County. Thecompany has been instrumental in provision of young high qualitysteers and breeding stock to the local community. 30 participantsare expected to participate to this field trip.

Field Trip 7 Enonkishu Conservancy: Mara Beef Company

• Organiser: Agricultural Finance Corporation• Contact person: Jackson Echoka• Cell: +254 711 590 641; E-mail: [email protected] Beef Co. is situated in Enonkishu Conservancy in NarokCounty 270 km from the Kenyan School of Monetary Study. Youwill have the chance to visit Mara Beef Company involved in a beefvalue chain. 59 participants are expected to participate to thisfield trip.

Field TripsFriday 18 July

Field Trip 8 Kikuyu Town: Mineral and Allied Ltd

• Organiser: Climate Innovation Centre• Contact person: Ernest Chitechi• Cell: +254 722108068 ; E-mail: [email protected] and Allied Ltd is situated 20 km from the Kenyan Schoolof Monetary Study. You will have the chance to witness new inno-vation for climate resilience food production in agriculture to en-hance food security. 30 participants are expected to participateto this field trip. www.kenyacic.org

Field Trip 9 Kenyan Women Microfinance Bank (KWMB): Head office

• Organiser: Kenyan Women Microfinance Bank• Contact person: Isabella Nyambura• Cell: +254 703 067 700; E-mail: [email protected] is situated at 12 km from the Kenyan School of MonetaryStudy. You will have the chance to visit banking offices and see howwomen in agriculture have transformed their lives through KWMB.30 participants are expected to participate to this field trip.

Field Trip 10 Kiserian Town : Keekonyokie Slaughterhouse

• Organiser: Kenya Livestock producer Association• Contact person: Amos Thiong'o• Cell: 0721316598 Kiserian town is situated 29 km from the Kenyan School of Mon-etary Study. You will have the chance to visit a community ownedslaughter house involved in the beef value chain. 30 participantsare expected to participate in this field trip. www.klpakenya.orgFor further information please visit http://fin4ag.org/en/agenda.html

Parallel Events

13-14 July 201409:00-18:00 (13 July)09:00-16:00 (14 July) Simba Pan African Farmer’s Organisations (FAFO)Technical Centre for Agricultural and Rural Cooperation (CTA)African Union Commission (AUC)

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2nd African Continental BriefingPromoting inclusive finance models for farmers in Africa

This Briefing is addressing the rural finance gap through agricultural value chain finance. Financialservices providers often see high risks because they lack an understanding of the agricultural sectorand food markets, and have no way to evaluate the risks in agricultural value chains. To most financialinstitutions, the cost of directly lending to small-scale farmers in remote rural areas is prohibitiveand they are reluctant to finance rural entrepreneurs, citing high transaction costs and risks relatedto agriculture such as crop failure, diseases and market fluctuations as a justification. The result isa serious and long-lasting rural finance gap that keeps the economic potential of agriculture underused.

The development and business communities involved in the African agriculture and agribusiness sec-tors have recently experienced a tremendous resurgence of interest in promoting value chains as away to add value, diversify rural economies, and contribute to increasing rural household incomes inmost developing countries. Value chains are increasingly recognized as a means to reduce the ruralpoverty prevalent in the region. However, and from a development perspective, governments andsupport agencies must ensure that the financial systems in their countries are able to meet the demands arising from the growth of modern agro-food value chains. The renewed focus on agricul-ture and agribusiness, as priority sectors for spurring economic growth in Africa, calls for developingvalue chains that integrate producers and markets to make the agricultural sector more responsiveto consumer demand.

Agricultural value chain management offers an opportunity to reduce cost and risk in financing andincrease access to smallholder farmers, expand the financing opportunities for agriculture, improveefficiency and repayments in financing, and consolidate value chain linkages among participants in the chain. The specific opportunities that financing can create within a chain are driven by thecontext, business model and the relative roles of each participant in the chain.For financial institutions, value chain finance creates the impetus to look beyond the direct recipientof finance so as to better understand the competitiveness and risks in the sector as a whole and tocraft products that best fit the needs of the businesses in the chain. Value chain finance can helpthe chains become more inclusive, by making resources available for smallholders to integrate intohigher value markets.

It is essential to improve access to reliable and timely information critical to take advantage of marketopportunities. Lower costs of ICTs, such as mobile phones and the networks needed to connectthem, have facilitated critical information to farmers, small traders and business people in productionsystems management, market access services, and financial inclusion. ICTs are among the most effective drivers of agricultural growth and transformation in ACP countries and inclusive agriculturalvalue chains.

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“ Agricultural value chain finance offers an opportunity to reduce cost and risk in financing

and reach out to smallholder farmers”

ICT4Ag Hackathon: Learning and follow upworkshop

11-12 July 201409:00 - 17:00 (11 July)09:00 - 15:00 (12 July)Chui Technical Centre for Agricultural and Rural Cooperation (CTA)

Media round table

14 July 201410:00 - 12:30LibraryTechnical Centre for Agricultural and Rural Cooperation (CTA)

Meeting

DateTimeRoom

Organiser

Meeting

DateTime

RoomOrganiser

Side Meetings

Social reporting training

12-13 July 201409:00 - 17:00 (12 July)09:00 - 15:00 (13 July)Seminar Room B5Technical Centre for Agricultural and Rural Cooperation (CTA)

Meeting

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RoomOrganiser

Parallel Events

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After many years of declining investment, there is a renewed interest in agricultural financing. Thebest innovations in AVC finance depend on the chain, the capacity of the different stakeholders inthe chain, the interests of the stakeholders and the socio-economic and political context. Agriculturalvalue chain finance offers an opportunity to reduce cost and risk in financing and reach out to small-holder farmers, expand the financing opportunities for agriculture, improve efficiency and repaymentsin financing, and consolidate value chain linkages among participants in the chain. The specific opportunities that financing can create within a chain are driven by the context and business modeland the relative roles of each participant in the chain.

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Partner Organisations

The Technical Centre for Agricultural and RuralCooperation (CTA)CTA is a joint international institution of the African, Caribbean andPacific (ACP) group of states and the European Union (EU). Its mis-sion is to advance food and nutritional security, increase prosperityand encourage sound natural resource management in ACP coun-tries. It provides access to information and knowledge, facilitatespolicy dialogue and strengthens the capacity of agricultural andrural development institutions and communities. CTA operatesunder the framework of the Cotonou Agreement and is funded bythe EU. ww.cta.int

African Rural and Agricultural Credit Association (AFRACA)AFRACA is the association of central banks, commercial banks,agricultural banks, micro-finance institutions and national pro-grammes dealing with agricultural and rural finance in Africa. Thevision of the Association is a rural Africa where people have accessto sustainable financial services for economic development.http://www.afraca.org

Food and Agriculture Organization of the UnitedNations (FAO) Achieving food security for all is at the heart of FAO's efforts – tomake sure people have regular access to enough high-quality foodto lead active, healthy lives. FAO’s three main goals are: the erad-ication of hunger, food insecurity and malnutrition; the eliminationof poverty and the driving forward of economic and social progressfor all; and, the sustainable management and utilisation of naturalresources, including land, water, air, climate and genetic re-sources for the benefit of present and future generations. http://www.fao.org/about/en

Central Bank of Kenya (CBK) CBK was established in 1966 through an Act of Parliament – theCentral Bank of Kenya Act of 1966. CBK has the responsibility offormulating monetary policy, promoting price stability, issuing cur-rency and performing any other functions conferred on it by theAct of Parliament. The Constitution guides that “the Central Bankshall not be under the direction or control of any person or au-thority in the exercise of its powers or performance of its func-tions”. The mandate and objective of the Bank is to: (i) formulate

and implement monetary policy directed to achieving and maintain-ing stability in the general level of prices; (ii) foster the liquidity, sol-vency and proper functioning of a stable market-based financialsystem; and (iii) support the economic policy of the government,including its objectives for growth and employment. https://www.centralbank.go.ke

African Union Commission (AUC) The Commission is the Secretariat of the African Union entrustedwith executive functions. The structure represents the Union andprotects its interest under the auspices of the Assembly of Headsof State and Government as well as the Executive Committee. TheAUC is made up of Portfolios. They are: Peace and Security; Polit-ical Affairs; Trade and Industry; Infrastructure and Energy; SocialAffairs; Rural Economy and Agriculture; Human Resources, Sci-ence and Technology; and Economic Affairs. The mission of theCommission is become “An efficient and value-adding institutiondriving the African integration and development process in closecollaboration with African Union Member States, the Regional Eco-nomic Communities and African citizens”. The AUC will endeavourto fulfil its mission by developing clear goals and strategies, andthe values indicated above will constitute the basis on which theAUC will achieve its mission. They will also encourage the develop-ment of a service culture for the entire organisation.http://www.au.int/en/commission

Agence Française de Développement (AFD) AFD is the operator for France’s bilateral development financemechanism. It is a public industrial and commercial institution withthe status of being a specialised financial institution. Its action isin line with the policy set out in France’s Framework Document forDevelopment Cooperation. AFD has been entrusted with a man-date by French national authorities to contribute to economic andsocial development in its geographical areas of operation. Itachieves this by financing and supporting development projectsand programmes, and participating in debate, research and dia-logue with relevant stakeholders. The aim of these actions is tocontribute to more sustainable and shared economic growth, im-prove living conditions in the poorest regions and countries, con-tribute to preserving the planet, and help stabilise fragile orpost-conflict countries. AFD’s teams are based in Paris and Mar-seille and in a network of 70 agencies and representations in de-veloping countries and French overseas provinces. http://www.afd.fr

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Alliance for a Green Revolution in Africa (AGRA) AGRA is a dynamic partnership that exists to fulfil the vision thatAfrica can feed itself and the world. Investing in agriculture is thesurest path to reducing poverty and hunger in Africa. AGRA worksacross the African continent to help millions of small-scale farmersand their families lift themselves out of poverty and hunger. Theirprogrammes develop practical solutions to significantly boost farmproductivity and incomes for the poor while safeguarding the envi-ronment. AGRA advocates for policies that support its workacross all key aspects of the African agri-value chain from seeds,soil health and water to markets and agricultural education. http://agra-alliance.org

Association of Microfinance Institutions (AMFI)– Kenya AMFI is a member-based institution, registered in 1999 under theSocieties Act by the leading micro-finance institutions (MFI) inKenya, with the aim to build the capacity of the Kenyan microfi-nance industry. The main reasons for its establishment were theneed for MFIs to have a common voice, to lobby government forfavourable policies, to share information and experiences, and tolink up and network with both local and international actors. AMFIcurrently has 59 member institutions which range from large, ma-ture MFIs to relatively smaller and rural MFIs, wholesalers and re-tailers as well as micro-insurance providers. AMFI is governed bya General Assembly and Board of Directors who are experiencedpractitioners that run some of the leading MFIs in Kenya. An Ex-ecutive Committee comprised of the chair, vice chair, treasurer,secretary and three committee members, provides general policyguidelines and directions to the Association. http://www.amfikenya.com

BASIX – India BASIX is a livelihood promotion institution established in 1996,working with over 3.5 million customers, over 90% being poorrural households and about 10% urban slum dwellers. BASIX’smission is to promote sustainable livelihoods, through the provisionof financial services and technical assistance in an integrated man-ner. BASIX will strive to yield a competitive rate of return to its in-vestors so as to be able to access mainstream capital and humanresources on a continuous basis. Their strategy is to provide acomprehensive set of livelihood promotion services which includefinancial inclusion services, agricultural/business developmentservices and institutional development services to poor ruralhouseholds under one umbrella. BASIX works in 17 states of India– 223 districts and over 39,251 villages. It has over 10,000 staff,of which 80% are based in small towns and villages.http://www.basixindia.com

Eastern Africa Farmers Federation (EAFF) The role of the EAFF is to voice the concerns and interests of farm-ers in the region, with the aim of enhancing regional cohesivenessand socio-economic development of farmers, representing, lobby-ing and advocating for Eastern African farmers’ interests and build-ing their capacities. The Federation also endeavours to promoteregional integration through promotion of trade and good neigh-bourliness, to strengthen information exchange between countryproducer organisations, and seek benefits from comparative ad-vantages in farm input supply and market options. EAFF is in theprocess of developing a Web 2.0 media strategy, in line with itsstrategic plan, which will enhance sharing and dissemination of in-formation, communication, knowledge management networkingand visibility. http://eaffu.org/eaffu

Europe-Africa-Caribbean-Pacific Liaison Committee (COLEACP) Created 40 years ago as an association of companies trading inexotic fruit and vegetables, COLEACP has evolved into an organi-sation that is supporting the development of sustainable agricul-ture in African, Caribbean, and Pacific countries. COLEACPbecame a public-private partnership, and is now a provider of mul-tiple-services to the international horticultural industry covering re-search and development, market access, technical assistance,training, and lobbying, among others. http://www.coleacp.org/en

Federal Ministry of Agriculture and Rural Development (FMARD) – Nigeria FMARD is a Ministry of the Nigerian Government that regulatesagricultural research, agriculture and natural resources, forestryand veterinary research all over Nigeria. Established in 1966, theMinistry has the responsibility of optimising agriculture and inte-grating rural development for the transformation of the Nigerianeconomy, with a view to attaining food security and positioningNigeria as a net food exporter for socio-economic development.The mandate of the Ministry is to be a significant net provider offood to the global community, through the promotion of agriculturaldevelopment and management of national resources in a value-chain approach to achieve sustainable food security, enhance farmincome and reduce poverty.http://www.fmard.gov.ng/index.php

International Finance Corporation (IFC) IFC, a member of the World Bank Group, is the largest global de-velopment institution focused exclusively on the private sector indeveloping countries. Established in 1956, IFC is owned by 184

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member countries, a group that collectively determines its policies.Our work in more than a 100 developing countries allows compa-nies and financial institutions in emerging markets to create jobs,generate tax revenues, improve corporate governance and envi-ronmental performance, and contribute to their local communities.IFC’s vision is that people should have the opportunity to escapepoverty and improve their lives. http://www.ifc.org

International Fund for Agricultural Development (IFAD) IFAD works with poor rural people to enable them to grow and sellmore food, increase their incomes and determine the direction oftheir own lives. Since 1978, IFAD has invested about US$14.8billion in grants and low-interest loans to developing countriesthrough projects empowering over 400 million people to break outof poverty, thereby helping to create vibrant rural communities.IFAD is an international financial institution and a specialised UNagency based in Rome – the UN’s food and agriculture hub. It is aunique partnership of 172 members from the Organization of thePetroleum Exporting Countries, other developing countries and theOrganisation for Economic Co-operation and Development. http://www.ifad.org

Inter-American Institute for Cooperation on Agriculture (IICA)IICA is the institution of the Inter-American System that providestechnical cooperation, innovation and specialized knowledge to con-tribute to the competitive and sustainable development of agricul-ture in the Americas and to improve the lives of rural dwellers inthe member countries. To be a leading and innovative institutionin the provision of technical cooperation for agriculture, known forits contributions to making the agrifood sector competitive, achiev-ing the sustainable development of agriculture, promoting foodsecurity, reducing poverty and improving living conditions in therural territories of the Americas, based on its strong technicalexpertise and capacity to provide solutions to the new challengesfacing the member countries in these areas.http://www.iica.int/

International Livestock Research Institute (ILRI) ILRI works to improve food security and reduce poverty in develop-ing countries through research for better and more sustainableuse of livestock. ILRI is a member of the CGIAR Consortium, aglobal research partnership of 15 centres working with many part-ners for a food secure future. ILRI has two main campuses in East-

ern Africa and other hubs in Eastern, West and Southern Africaand South, Southeast and East Asia. ILRI employs ICTs to connectits staff and partners, to make its knowledge and information ac-cessible, and as a tool in its research. Many of its projects are ex-perimenting with ICTs, notably mobile phones, geographicinformation systems, radio, video, and the internet as tools to ex-tend their engagement with partners and enrich the interactionswith communities and policymakers.http://www.ilri.org

Kilimo Trust The Kilimo Trust is an independent organisation working on agri-culture for development across the East Africa Community region– in Burundi, Kenya, Rwanda, Tanzania, and Uganda – and morerecently in the Republic of South Sudan. It promotes regional so-lutions to local problems to make agricultural markets work betterfor the reduction of poverty and elimination of hunger. The KilimoTrust implements and manages programmes and projects in part-nership with and/or on behalf of governments, international andregional organisations, and the private sector. The Trust spear-heads market-driven solutions designed to "deliver the promise ofthe East African Common market" with respect to reducingpoverty and eliminating hunger in the region. http://www.kilimotrust.org

Making Finance Work for Africa (MFW4A) The MFW4A Partnership supports the efforts of African countriesto strengthen their financial sector by coordinating and facilitatingfinancial sector initiatives, promoting closer collaboration amongdevelopment partners, and fostering exchanges among Africanstakeholders. Initially welcomed by the G8 in the 2007 Heiligen-damm Declaration, the MFW4A Partnership recognises the roleof the financial sector in driving private investment, economicgrowth and employment creation. Thirteen founding multilateraland bilateral development partners support the Partnership witha shared common vision to overcome fragmentation, and increaseefficiency and effectiveness to develop Africa's financial sector. http://www.mfw4a.org

New Partnership for Africa’s Development(NEPAD) Business Foundation (NBF) The NBF is one of Africa's leading membership based foundationswhich promotes sustainable economic and social development onthe continent. It is a non-profit company that mobilises private sec-

51

Organisers

tor support for the implementation of NEPAD goals. The NBF viewsbusiness in Africa as a fundamental building block for positioningthe continent as a key player for international trade and invest-ment. As a neutral and trusted partner, the NBF provides a net-working platform for its members to discuss, debate, share ideasand collaborate with the public sector and other stakeholders ininvestment, project or commercial activities. The NBF currentlyhas offices in South Africa and Mozambique with a much wider geographical footprint in the rest of Africa in terms of strategicstakeholders and managed projects. The NBF plans to expand itsphysical representation to a further five countries in order to bet-ter serve stakeholders. http://nepadbusinessfoundation.org

Network of Farmers’ and Agricultural Producers’Organisations of West Africa (ROPPA) ROPPA was formally established in July 2000 at a meeting in Coto-nou which gathered 100 farmer representatives mandated bytheir respective organisations. It includes organisations or ‘consul-tation frameworks’ from 10 countries in West Africa (Benin, Burk-ina Faso, Côte d'Ivoire, Gambia, Guinea, Guinea-Bissau, Mali,Niger, Senegal and Togo). This list is not exclusive and their goal inthe medium term, is to host farmers' organisations of all countriesthat are members of the Economic Community of West AfricanStates. www.roppa.info

Pan-African Farmers' Organization (PAFO) In response to globalisation and the serious threat to agriculturalproduction in Africa because of Economic Partnership Agree-ments, African farmers' organisations felt the need to come to-gether at the sub-regional level to better position themselves andestablish effective regional frameworks to meet the challenges ofregional integration and trade liberalisation. Regional organisationsengaged in a battle to save family farms and fight for the interestsof millions of small-scale farmers began to form national platformsin more than 30 countries. Since 2003, sub-regional networks offarmers’ organisations and agricultural producers have been work-ing on issues that affect African agriculture. In 2008, regional net-works from the five major economic regions of Africa met in AddisAbaba to create a platform to unite their efforts and harmonisetheir concerns. These consultations resulted in the Addis AbabaDeclaration and the creation of PAFO. http://pafo-africa.org

Rural Finance Knowledge Management Partnership (KMP) KMP is an IFAD grant-funded regional programme that is focusingon rural finance. The main tenet of implementation is knowledgemanagement support to IFAD programmes. To have greater influ-ence on rural finance policy development, KMP partners with bet-ter-resourced agencies, such as the Alliance for a GreenRevolution in Africa, which shares IFAD/KMP’s objective of pro-moting the development of rural finance through more effective in-novation, dissemination and adoption of knowledge. KMP ispartnering with The Regional Universities Forum for Capacity Build-ing in Agriculture to undertake community based and specialisedaction-based research with its network of 30 universities. http://www.ifadafrica.org

Southern African Confederation of Agricultural Unions (SACAU) SACAU is a regional farmers’ organisation that was established in1992. Membership is open to national farmers’ unions and re-gional commodity associations in Southern Africa. It is involved inagricultural development in the region by strengthening the capac-ities of farmers’ organisations, by providing a collective voice forfarmers on regional and international matters, and by providingagriculture related information to its members and other stake-holders. SACAU’s vision is to help develop a vibrant, prosperousand sustainable farming sector that ensures food security and con-tributes to economic growth in Southern Africa. Their aim is to bethe main voice of farmers on regional, continental and global mat-ters, and to promote and ensure strong and effectivefarmers/producers’ organisations in all countries in SouthernAfrica.www.sacau.org

Syngenta Foundation for Sustainable Agriculture (SFSA) SFSA’s mission is to create value for resource-poor small-scalefarmers in developing countries through innovation in sustainableagriculture and the activation of value chains. Their operationalstrategy focuses on smallholders, productivity, and markets. TheFoundation works with partners in developing countries andemerging markets to help small-scale farmers become more pro-fessional growers. SFSA does this by extending science-basedknow-how, facilitating access to quality inputs, and linking small-holders to markets in profitable ways. This adds value for ruralcommunities, and sustainably improves food security. Agriculturalextension projects are complimented by a portfolio of partnershipsin advanced crop science. The Foundation additionally works to

52

Organisers

create ‘enabling conditions’ in the form of improved regulatoryframeworks, stewardship capacity, financial, and risk transfertools, biodiversity conservation, and land improvement funded bycarbon finance. It also conducts policy studies and outreach in agrowing range of domains.www.syngentafoundation.org

The African Export Import Bank (Afreximbank) Afreximbank was established in Abuja, Nigeria in 1993 by Africangovernments, African private and institutional investors as well asnon-African financial institutions and private investors for the pur-pose of financing, promoting and expanding intra-African and extra-African trade. The Bank was established under an Agreementsigned by member states and multilateral organisations, whichprovided the Bank with the status of being an international multi-lateral organisation, and a Charter, governing its corporate struc-ture and operations. The authorised share capital of the Bank isUS$5 billion. Afreximbank’s vision is to be the trade finance bankfor Africa. The Bank aims to stimulate a consistent expansion, diversification and development of African trade while operating asa first class, profit-oriented, socially responsible financial institutionand a centre of excellence in African trade matters. The Bank,headquartered in Egypt, has branch offices in Nigeria and Zim-babwe.http://afreximbank.com

The Caribbean Farmers Network Inc (CaFAN) CaFAN is a legally registered non-profit, non-governmental regionalfarmer’ organisation. CaFAN was formed and initiated by farmerorganisations across the Caribbean in 2002. Its mission is “to en-hance Caribbean food and nutrition security, foreign exchangeearnings and foreign savings, by repositioning agriculture throughthe capacity building of farmers and the institutional strengtheningof farmers’ organisations”. CaFAN represents over 500,000 smallfarmers spread across 15 Caribbean countries. CaFAN memberfarmers’ organisations are directly involved in production and mar-keting for domestic, regional and extra regional markets. They arealso involved in farmer training, promotion of nutritional Caribbeanfoods, market access, agro-processing and value addition, testingof agronomic practices and organic farming. CaFAN also focuseson market led sustainable mechanisms and structures, working incollaboration with all stakeholders in the agriculture sector to thestrategic advantage of its farmers. http://www.caribbeanfarmers.org

The Foundation for World Agriculture and Rurality (FARM) Based in Paris, FARM promotes productive and sustainable agri-culture and agricultural value chains in the South, to stimulate eco-nomic development and social inclusion. It encourages theemergence of competitive and resilient family farms, able to meetthe rising food demand, through appropriate public policies andthe involvement of private stakeholders. FARM contributes to mov-ing debates forward through studies, publications and confer-ences, and supports innovative pilot projects, designed inpartnership with local producer organisations. http://www.fondation-farm.org

The Initiative for Smallholder FinanceThe Initiative for Smallholder Finance is a multi-donor effort designed to demonstrate how specific products and services canexpand the reach of financing for smallholder farmers. Initiative activities include targeted market research, product developmentand testing, and investment facilitation in the smallholder financemarket. Sponsors of the Initiative include the Citi Foundation, FordFoundation, KFW Development Bank, MasterCard Foundation,Skoll Foundation, and USAID. The Aspen Network of DevelopmentEntrepreneurs, Business Action for Africa, Business FightsPoverty, CGAP, Root Capital, and TechnoServe provide advisorysupport. The Initiative has three primary functions: to conduct re-search, to facilitate communications among market participantsin different parts of the agri-finance supply chain, and to broker in-vestment opportunities between market participants. In carryingout these activities, the Initiative aims to demonstrate how specificmodels and products can expand the reach of bank financing forsmallholders. http://www.globaldevincubator.org/initiative-incubator/current-initiatives/initiative-for-smallholder-finance

€

53

Practical Information

VenueKenya School of Monetary Studies (KSMS)Noordin Road, off Thika Road, Ruaraka next to Thomas de la RuesecurityNairobi, KeniaTel: (+254) 20 8561177 E-mail: [email protected] Website: www.ksms.or.ke

Information and Registration Desk Please register at the registration desk at the entrance of the con-ference facilities. The registration and information desk openinghours are as follows:• Sunday, July 13, 2014 from 12:00 – 17:30• Monday, July 14, 2014 from 07:00 – 17:30• Tuesday, July 15, 2014 from 07:00 – 17:30• Wednesday, July 16, 2014 from 07:30 – 17:30• Thursday, July 17, 2014 from 07:30 – 17:30• Friday, July 18, 2014 from 07:30 – 17:30*

*Information Desk Only

For those participating in events prior to the start of the confer-ence: the Continental Briefing (13-14 July); the ICT4Ag HackathonFollow-up workshop (11-12 July); and for the social reporters (12July onwards) a registration desk will be set up in front of the meet-ing room, 1 hour prior to the start of the event.

Conference Office (Secretariat)+254700345007

ExhibitionAn exhibition will be running in parallel to the conference in the exhibition tent.Opening hours:• Tuesday, July 15, 2014 from 08:30 – 18:15• Wednesday, July 16, 2014 from 08:30 – 18:15• Thursday, July 17, 2014 from 08:30 – 18:15

Lunch and DinnerLunch will be provided at KSMS to all participants, throughout theduration of the conference. All participants will be invited to thewelcome cocktail and the Kenyan cultural evening at the SafariPark Hotel (15 July) and to the cocktail and prize giving ceremony(17 July).

TwitterUse #fin4ag14 to follow and tweet about the conference.

Internet Access Wireless access is available in the conference areas.

Mobile AppDownload the fin4ag app (http://fin4ag.quickmobile.mobi) on yoursmartphone for real time access to all information and communi-cations on the conference.

Message Board Check the message board located in the conference area for lastminute changes and announcements.

Conference Shuttle ServicesTransportation between the hotels (see page 55) and conferencecentre will be provided by the organizers. Information on the shut-tle service is available at the information desk.

Field TripsReserve one of the few places left for the field trips at the regis-tration desk.

Emergency NumbersNairobi police: 999Accident: 2999Fire: 299Medical: 5999For more numbers please access this link:http://dcs.unon.org/index.php?option=com_content&view=arti-cle&id=139&Itemid=191&lang=en

Quick References

54


Floor PlanKenya School of Monetary Studies (KSMS) Conference Area

ROOMS

NdovuSimbaChuiPress officeTV studioMeeting roomSecretariatSocial reportingKifaruTwigaKibokoLunch tentExhibition tentRegistration tentModel BankLibrary

USE

Panel session / Plenary sessions / Daily highlightsPress conferences / Continental Briefing / Break-out sessionsICT4Ag Hackathon follow-up workshop / Panel session / Break-out sessionsPress officeTV studioSide meetings, including ROPPA meetingSecretariatSocial reportingPanel session / Break-out sessionsBreak-out sessionsBreak-out sessionsLunch breaksExhibition & coffee breaksRegistration & information deskPer DiemsMedia round table

55


Google map of Nairobi

HotelsSunstar Hotel • Roaster Hotel • Hilton Hotel • Kasarani Sportsview Hotel,

• Oak Place Hotel • Utali Hotel • Meridian Hotel

€

56


2nd African Continental Briefing Schedule

12:00 - 17:30

8:30 - 09:30

9:30 - 10:00

10:00 - 11:30

11:30 - 13:00

13:00 - 14:15

14:15 - 18:00

Continental Briefing: Sunday, 13 July

Sunday, 13 July REGISTRATION

New impetus for VC finance & Successes in Farmer Business Models

REGISTRATION

Simba

Objectives and Programme + Introductory remarks

CB-Session 1: Setting the scene: New environment for value chain finance

CB-Session 2: Successes from farmer’s organisations

Lunch Break

Simba

CB-Session 2: Successes from farmer’s organisations (continued)

Continental Briefing: Monday, 14 July Building agricultural finance from the farmers needs androle of farmer organisations

Simba

CB-Session 3: Finance at the bottom of the pyramid

Coffee Break

Simba

CB-Session 4: Building Data Collection as a Farmer Organisation Service

Simba

CB-Session 5: How can FOs do business with Farmers and Action Plan for increased access to finance

Concluding remarks

09:00 - 10:30

10:30 - 11:00

11:00 - 13:00

13:00 - 14:15

14:15 - 16:00

Lunch Break


57

7:00 - 17:30

7:30 - 08:45

8:45 - 09:45

9:45 - 10:30

10:30 - 11:15

11:15 - 11:30

11:30 - 12:15

12:15 - 13:00

13:00 - 14:00

14:00 - 14:45

14:45 - 15:30

15:30 - 16:15

16:15 - 17:00

17:00 - 17:15

17:15 - 18:15

Plug and Play Day: Monday, 14 July

Monday, 14 July

Booth 1

Tangaza Pesa

Farmer Management System

Booth 2

Mendeley

e-Krishok

Booth 3

iCOW

Creditinfo’s Credit BureauSolution

Booth 4

Esoko

Musoni System

Booth 5

Farmforce

UWINCorp

Booth 6

Credit Information Sharing(CIS) system

Agrocentral

Booth 7

Umati Capital

aWhere Platform

Booth 8

Agrilife Platform

RiMFin

Booth 1

Farmer Management System

Farmforce

Tangaza Pesa

UWINCorp

Booth 2

Agrocentral

Umati Capital

e-Krishok

Ensibuuko

Booth 3

FarmDrive

aWhere Platform

Credit Information Sharing(CIS) system

Creditinfo’s Credit BureauSolution

Booth 4

Musoni System

Zoona eVouchers

RiMFin

Agrilife Platform 2

Chui Kifaru Twiga Kiboko



Plug & Play Day Schedule

Coffee Break

Lunch Break

Coffee Break

Session [S34]ICTs – where do the biggest opportunitiesfor finance lie? (S.O. CTA)

Session [S33]What lessons on ICT introduction have

been learnt by Kenyan banks? (S.O. CTA)

Session [S35]How can one strategically integratenew financing technologies into a

bank’s value propositions?

Ndovu Chui Kifaru

Discussions and conclusions

REGISTRATION

REGISTRATION

Ndovu

OPENING SESSION

58


REGISTRATION

Auditorium

OPENING CEREMONY + KEYNOTE

Coffee Break

7:00 - 17:30

8:45 - 10:30

10:30 - 11:00

11:00 - 12:30

12:30 - 14:00

14:00 - 15:30

15:30 - 16:00

16:00 - 17:30

17:30 - 18:30

18:30 - 22:30

Day 1: Tuesday, 15 July

Ndovu

Session [S1] Best practices in agri-value chain

finance(S.O. CTA)

Simba

Press conference

Chui

Session [S40] Leveraging ICTs for

agricultural finance: learning fromthe Plug and Play Day

(S.O. CTA)

Kifaru

Session [S53] Supporting young entrepreneurs to engage in ICT4Ag

business: outcomes ofthe 2013 ICT4Ag

hackathon(S.O. CTA)

Conference Schedule

Lunch break

Twiga

Session [S24] Developing innovativeagri-lending productsand climate insurance

to build climate-resilient agriculture

(S.O. CTA)

Ndovu

Session [S11] Financing intra-African food trade(S.O. AFRACA)

Simba

Session [S30] Agriculture and price stability

(S.O. CBK)

Chui

Session [S5] Testing innovationsin livestock anddairy value chain finance: insightsfrom Eastern andSouthern Africa

(S.O. ILR)

Kifaru

Session [S48] The West Africanfarmers’ challenge:how can the privatesector intermediatebetween farmers and banks?

(S.O. ROPPA/CTA)

Twiga

Session [S42]Managing priceand weather risksto enable agricul-tural finance

(S.O. FAO)

Kiboko

Session [S9] Agricultural lending for micro-finance institutions: the

Kenyan experience(S.O. AMFI)

Ndovu

Session [S31] Central bank interventions inagriculture(S.O. CBK)

Simba

Session [S45] Economic

landscape of agricultural digital finance

(S.O. CTA)

Chui

Session [S23] Pan-African collateral

management(S.O. CTA)(S.O. CTA)

Kifaru

Session [S48] The West Africanfarmers’ challenge:how can the privatesector intermediatebetween farmersand banks?

(S.O. ROPPA/CTA)

Twiga

Session [S43]Managing

production andmarketing risks

to enable agricultural finance(S.O. FAO)

Kiboko

Session [S13]Case studies inmicro-finance

institution lendingto agriculture

(S.O. CTA)

Coffee Break

Networking, Free time, etc.

Safari Park Hotel

Cocktail + Kenyan cultural Evening

59


59

REGISTRATION7:30 - 17:30

8:45 - 10:30

10:30 - 11:00

11:00 - 12:30

Day 2: Wednesday, 16 July

Ndovu

Session [S4] Development and regulatory issues ofcapital market instruments for

agriculture: what canwe learn from Braziland other countries?

(S.O. CTA)

Simba

Risk managementtools for agricultural

finance (S.O. CTA)

Chui

Session [S46] Three agricultural digital finance platforms (S.O. CTA)

Kifaru

Session [S36] Women in agri-valuechain finance: tips

for success!(S.O. CTA)

Conference Schedule

Coffee break

Twiga

Session [S49]The East African farmers’ challenge: establishing farmers’agricultural banks at

the country or regional level in Eastern Africa:

prospects and practi-cal steps ahead(S.O. EAFF/CTA)

Ndovu

Session [S29] Central bankforum: agricul-

ture’s significancefor the financial inclusion and stability agenda

(S.O. CBK)

Simba

Session [S17]Warehousing and collateral management systems to

promote access to finance

(S.O. AFD/IFAD/CTA)

Chui

Session [S21]Building a successful

agri-value chain financing(S.O. FAO)

Kifaru

Session [S37] Capacity-building:what is missing inagri-value chain finance training and how to fill the

gaps?(S.O. KMP)

Twiga

Session [S49]The East African

farmers’ challenge: establishing

farmers’ agricul-tural banks at thecountry or regionallevel in EasternAfrica: prospectsand practical steps ahead(S.O. EAFF/CTA)

Kiboko

Session [S44] Applying

human-centreddesign

to smallholder agricultural finance(S.O. ISF)

60


12:30 - 14:00

14:00 - 15:30

15:30 - 16:00

16:00 - 17:30

17:30 - 18:30

18:30 - 22:30

Ndovu

Session [S26] Reinvigorating policyprocesses in supportof a radical new agri-value chain financing agenda

(S.O. CTA)

Simba

Session [S22] Adopting an agri-value

chain financing strategy in a micro-finance institution(S.O. BASIX)

Chui

Session [S10] Support mechanismsto agri-value chain

finance(S.O. FAO)

Kifaru

Session [S38] Information,

communication andknowledge

management in valuechain financing: lessons learnt

(S.O. KMP)

Coffee break

Twiga

Session [S51] The Caribbean

farmers' challenge:factoring for farmers

(S.O. IICA/CTA)

Lunch Break

Ndovu

Session [S14] Public-private interventions to

promote agri-valuechains finance and

better agricultural riskmanagement mechanisms: lessons learnt

(S.O. FAO)

Simba

Session [S18] The ins and outs ofsuccessful warehouse

receipt finance(S.O. CTA)

Chui

Session [S39] Increasing access tofinance for young

agro-entrepreneurs:innovative models

and replication issues(S.O. CTA)

Kifaru

Session [S52] Lifting barriers to the

development of agricultural insurance

(S.O. FARM)

Twiga

Session [S6] Experiences in

financing horticulturalexports

(S.O. COLEACP/CTA)


Kenyan School of Monetary Studies (KSMS)

Cocktail + Gala Dinner (by invitation only)

61


REGISTRATION7:30 - 17:30

08:45 - 10:30

10:30 - 11:00

11:00 - 12:30

Day 3: Thursday, 17 July

Ndovu

Session [S32] Creating critical mass

in warehouse receipt finance – discussion panel

(S.O. CTA)

Simba

Session [S27] Agricultural

investment funds(S.O. FAO)

Chui

Session [S25]Progress of Africancommodity exchanges

(S.O. FAO)

Kifaru

Session [S16] The role of technicalassistance in lendingproducts for small-holder agriculture

(S.O. SYNGENTA FOUNDATION)

Conference Schedule

Twiga

Session [S50] The Southern Africanfarmers’ challenge: climate finance for

agriculture(S.O. SACAU/CTA)

Ndovu

Session [S15] Guarantee schemes:experiences and lessons learnt

(S.O. CTA)

Simba

Session [S3] Crowd funding for ACP agriculture:

initiatives, challengesand

perspectives(S.O. FAO)

Chui

Session [S47] Agricultural digital finance: more than

payments(S.O. CTA)

Kifaru

Session [S7] New strategies for financing agricultural

mechanisation(S.O. FMARD/AFRACA)

Twiga

Session [S50] The Southern Africanfarmers’ challenge: climate finance for agriculture

(S.O. CTA)

Coffee break

€

62


Lunch Break

Ndovu

Session [S28] Positioning farmers’

organisations in agri-valuechain finance: debate

(S.O. CTA)

Simba

Press conference

Chui

Session [S54] Weather risk managementand agricultural finance

(S.O. CTA)

Kifaru

Session [S2] Experiences in financing fishing and fish farming

(S.O. CTA)

Color Key

Revolutionising finance for agriculturalvalue chains: the tools

Policy development

Cross-cutting Issues

Friday, 8 July

Coffee Break

Ndovu

Closing ceremony + keynote speakers


Kenyan School of Monetary Studies (KSMS)

Cocktail + Prize giving ceremony of the YoBloCo Awards

12:30 - 14:00

14:00 - 15:30

15:30 - 16:00

16:00 - 17:30

17:30 - 18:30

18:30 - 22:30

7:00 - 17:30

6:00 - 8:00

8:00 - 9:00

Start 9:00

REGISTRATION

Nairobi National Park

Safari

Breakfast

Ceremonies

Continental briefing sessions and press conference

Digital Platform presentations(Plug and Play day)

Field trips

Fields trips

€

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