#Agric loans

[accuratenewsng]

Food security: Ondo urges agricultural loan defaulters to pay

Food security: Ondo urges agricultural loan defaulters to pay

The Ondo state government has called on all agricultural loan defaulters across the 18 local government areas to pay all their outstanding debts to give room for other farmers to benefit in the exercise. The Commissioner for Agriculture and Forestry, Olayato Aribo, who made the call in Akure at the 2022 World Food Day Ceremony tagged: “Be a food hero and leave no one behind,” said if all…

[apwmagazine]

Unemployed Youths In Bayelsa Get N4.2 Million Agric Loan

Unemployed Youths In Bayelsa Get N4.2 Million Agric Loan

The National Directorate of Employment (NDE) has disbursed a N100,000 loan each to 42 youths in Bayelsa State to embark on sustainable agricultural development. Speaking during the inauguration on Friday in Yenagoa, the director-general of NDE, Abubakar Fikpo, commended the beneficiaries for their determination drive throughout the training, which lasted for four months. Aham Osuchuckwu, the…

[streetreporters]

NDE Empowers 42 Youths And Women To Boost Agro-business In Oyo

NDE Empowers 42 Youths And Women To Boost Agro-business In Oyo

In a bid to ensure food security, employment generation and reduction in crime rate in the country, the National Directorate of Employment, NDE, has empowered 42 beneficiaries comprising of youths and women to boost agro-business in oyo state. The beneficiaries of the Rural Agricultural Promotion, REP Loans Scheme were drawn from four schemes namely Agric-Business Empowerment Schemes (AES)…

[don-lichterman]

ADB’s loan to agric sector hits ¢1bn

ADB’s loan to agric sector hits ¢1bn

The Agricultural Development Bank PLC (ADB) investments in the agricultural sector has seen a steady growth with total agricultural loan stock increasing from ¢453.20 million as of December 2016 to ¢993.50 million as of September 2022. This excludes the huge volumes of non-funded facilities such as letters of credits and guarantees granted for the purchase of agricultural inputs, machinery,…

[trustglobalfinance]

genuine provider of Usance LC, agric loans, bank financial instruments, bank guarantee, Bank Guarantee financing, bank instrument providers, BG or SBLC, Commercial Letters of Credit, de prêts pour les PME, largest bg providers, largest dlc providers, Leasing bg, loan, project finance against bg, sblc leasing, sblc project financing,

genuine provider of Usance LC, agric loans, bank financial instruments, bank guarantee, Bank Guarantee financing, bank instrument providers, BG or SBLC, Commercial Letters of Credit, de prêts pour les PME, largest bg providers, largest dlc providers, Leasing bg, loan, project finance against bg, sblc leasing, sblc project financing,

Sir/MadamWe are providing BG, SBLC, LC, LOAN and lots more for clients all over the world.Equally,we are ready to work with Brokers and financialconsultants/consulting firms in their respective countries.We are equally ready to pay commission to those Brokers and financialconsultants/consulting firms. NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for…

[manvoeurn]

CONTACT US TODAY AND FEEL THE POWER FROM MAN GlOBAL INVESTMENTS LIMITED

CONTACT US TODAY AND FEEL THE POWER FROM MAN GlOBAL INVESTMENTS LIMITED

MAN GlOBAL INVESTMENTS LIMITED  is a leading Financial Services firm that is headquartered in Cambodia to provide Personal Loan, Business Loan, SME Loan, Investment Loan, Project Financing, Bank Guarantees, SBLCs, Letters of Credit, Monetization of BG/SBLC and funding for all kinds of viable projects locally and internationally.

MAN GlOBAL INVESTMENTS LIMITED and is legally registered in…

[your-mettallion-blog]

We Are Providers of Loan, bank guarantees & SBLC

We Are Providers of Loan, bank guarantees & SBLC

Menttallion Investments Ltd is a registered loan and investments company that undertakes direct loan provision, personal loan, business loan, project financing. We are also direct providers of bank instruments such as bank guarantee (BG), standby letter of credit (buy or rent SBLC), DLC, Letters of credit. Our bank instruments are issued by prime banks like HSBC, Barclays Bank, Citibank, Standard…

[wewanglee]

Loans: Lease bank Instruments (SBLC, DLC, Bank Guarantee and Letters of Credit,)

Loans: Lease bank Instruments (SBLC, DLC, Bank Guarantee and Letters of Credit,)

We are direct providers of freshly cut bank instruments like BG (Bank Guarantee), MTN’s (Medium Term Note), SBLC (Standby Letter of Credit) & DPLC’s (Direct Pay Letter of Credit) CD’s (Certificate of Deposit),  and just about every other type of financial instruments available through our network.

ALL OUR BG, SBLC AND LETTERS OF CREDIT ARE ISSUED BY TOP PRIME AAA RATED BANKS LIKE BARCLAY’S BANK…

[toomanysinks]

Seven Africa-focused startups present at Y Combinator’s Demo Day

The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s universe.

Since 2016, the Silicon Valley accelerator—that provides seed funds and mentorship for early stage startups—has backed 25 companies located in Africa and another 10 with an Africa product focus, according to YC spokesperson Lindsay Amos.

Past YC Africa alumns covered here at TechCrunch include payments startup Paystack, logistics firm Kobo360, and VOD startup Afrostream (now shuttered).

Of the 7 Africa-oriented YC class who presented at demo day 2019, 5 originated in Nigeria and 1 in Tanzania. All 7 are fintech ventures with products targeted across currency trading, agriculture, healthcare, and education.

Here’s the skinny on the Africa focused startups that presented at Demo Day 2019.

Nala (Tanzania): A fintech service building internet-free mobile payments for Africa. Nala lets users pay bills, do p2p payments, and purchase cell phone minutes without an internet connection. The startup’s app is one of Google PlayStore’s Top Free Finance Apps in Tanzania, according to founder Benjamin Fernandes. Nala plans to leverage the seed funding and exposure from YC participation to raise additional capital to close its first seed round, he told TechCrunch.

54gene (Nigeria): 54gene aims to be the 23andMe for Africa. The company says that competitor data is limited because their users are mostly white. By focusing on Africa, the company can help detect and identify DNA markers that might otherwise go overlooked. Co-founder Abasi Ene-Obong has a PhD in cancer biology from the University of London.

VertoFX (UK): VertoFX is a B2B currency marketplace and international payment provider for frontier markets with an initial target market of Africa. The platform allows businesses to gain easy access to foreign currencies and make international payments seamlessly, providing clients with real-time and cheaper exchange rates, liquidity, and faster settlement periods. VertoFX’s founders are ex-bankers Anthony Oduwole and Ola Oyetayo. In an email to TechCrunch Oduu said there are currently 18 currencies on the platform and the ability to settle in 120 countries, including China and the U.S. 

Thrive Agric (Nigeria): The company helps smallholder farmers in Nigeria access crowdfunded loans to help grow their crops, as well as help them sell their produce. The company has worked with 14,000 farmers to date, with plans to reach 1,000,000 farmers across Africa by 2022 in what it says is a $54 billion market opportunity.

CredPal (Nigeria): A credit card company that allows consumers in Africa to make purchases across online and offline merchants and pay in fixed monthly installments. CredPal touts it cards as having the convenience of a credit card and the simplicity of fixed monthly repayments. The purpose is reducing the financial pressure faced by consumers in Africa and also improving their standard of living. The scope is Africa and it is currently operational in Nigeria. Founders are Fehintolu Olaogun and Olorunfemi Jegede.

Schoolable (Nigeria): Provides simple finance solutions for schools in Africa. There are 65 million students in Africa attending private schools, but tuition payments can be a pain point for parents paying for their child’s education. That’s because tuition payments are often due upfront and it’s more difficult than it should be for schools to keep track of payments. Schoolable is creating an invoicing app that helps ensure parents make payments on time, while also using the app to save directly for tuition.

Wallet.NG (Nigeria): A fintech app that allows people to send money to friends or family and pay bills with only the recipient’s phone number. Wallet helps users keep track of their spending through financial reporting available on the app.

  source https://techcrunch.com/2019/03/20/seven-africa-focused-startups-present-at-y-combinators-demo-day/

[scarletnews]

CBN 3 Million Naira Collateral-free Loan for SMEs & Individuals

CBN 3 Million Naira Collateral-free Loan for SMEs & Individuals

CBN 3 Million Naira Collateral-free Loan for SMEs & Individuals: The Central Bank of Nigeria is giving collateral-free loans of up to N3,000,000 (Three million Naira) to small businesses in a scheme called; Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS). Objectives of the Scheme – To improve access to affordable and sustainable finance by Agri-businesses, Micro, Small and…

[hardynwa]

Hardship: AfDB plans $2.7bn budget, agric loans for Nigeria

…approves $134m fund for emergency food productionThe African Development Bank Board of Directors has approved $134m for Nigeria to implement an emergency food production plan, AfDB President Akinwumi Adesina has said. According to him, talks are also ongoing for a $1.7bn economic and budget support loan as well as the launch of a $1bn agro-industrial processes in 28 states. Adesina made the disclosures during an interview with journalists in Lagos on Monday. The development came amid a biting food shortage that has led to hunger protests in Nigerian states and most recently attacks on grain warehouses in Abuja, Ogun, Niger and Kaduna states. Last June’s fuel subsidy removal and exchange rate unification policy of the government have led to severe hardships with inflation now nearing 30 per cent amid a sharp depreciation of the naira. Weak consumer purchasing power has affected businesses with the nation recording weak Gross Domestic Growth during the last quarter of the last year. However, Adesina told journalists in Lagos that AfDB had pledged to support Nigeria through this period, disclosing that a number of agric initiatives should yield about five million metric tons of wheat, rice, cassava, maize this year for the country. He exuded confidence that the development bank would work with Nigerian government to proffer solutions to the problems confronting Africa’s biggest economy. He said, “I’m not used to complaining; I’m used to finding solutions. I did tell the President when I can last year that we would strongly support the Nigerian government in finding a solution to the challenges. As I speak to you today, we have approved $134m for Nigeria to implement an emergency food production plan. And that is not something that we are planning to do; it is what we are already doing. “We have supported the cultivation of 118,000 hectares of wheat in Nigeria already this season. We will do 150, 000 hectares of maize production this march. By the rainy season, in May and June, we will support Nigeria to do 300,000 hectares of rice. We will also do 300,000 hectares of maize, 150,000 hectares of cassava and 50,000 hectares of soybean. So, that means that by the end of March, Nigeria would get out an additional one million metric tons of wheat; and by November, we will have an additional four million metric tons of rice, cassava, maize and soybeans.” The AfDB chief however advised Nigeria to push for more food supply, pointing out that food inflation is a major component of the nation’s inflation figure. Tackling inflation requires looking at some of the structural drivers, according to him. “A big part of that (Nigeria’s) inflation is food price inflation. If you look at the Consumer Price Index, probably 65 per cent of it If not even 75 per cent of it now, is actually the price of food. And so, you don’t necessarily deal with food price inflation through your standard macroeconomic policy of tightening monetary supply. You deal with it by producing the food because that’s the thing that needs to be done. So I think it’s very important to be able to deal with that,” He emphasised the need to enhance food production in the country. On how the country could boost food production as quickly as possible, Adesina said, “But one thing that I would say is that the government needs to go back to the policy of electronic wallet system. Remember when I was minister, we did design a programme to get seeds and fertilizers to farmers directly via their mobile phones by electronic vouchers. We were able to reach 15 million farmers in four years; the whole place was booming with food. And I think that is what I will advise needs to be done and done very quickly. Because access to high performing yields, high performing seeds and fertilizers and farm inputs is very critical; otherwise you will not be able to do it.” Nonetheless, Adesina also pointed out the need for Nigeria to get low-interest concessionary financing to overcome its economic challenges. The development bank boss said issues around the exchange rate must be dealt with as an import dependent nation. According to him, the AfDB is planning about $1.7bn economic and budget support loan for the country. He said, “There needs to be a lot of support around Nigeria, given the tight fiscal space and the lack of forex, to make available a lot more concessional financing to the Nigerian economy. And that’s what we’re doing at African Development Bank. This year we expect to approve with our board because we always go to our board of directors for approval, but our plan is to be able to do $1.67bn of financing to Nigeria in different sectors, including considering a potential policy base operation of budget support to Nigeria. We are discussing with the Minister of Finance; that is part of a $1bn budget support operation that will go into two tranches. Again, I will say it has to be approved by the board, but these are all the things that we are hoping to be able to do.” He spoke about other agric projects in the country. Also, the AfDB is planning to launch this year a programme for a $1bn special agro-industrial processes are in 28 states, adding that “It this structural interventions that I will say would make agriculture more productive, efficient, and competitive.” “So those are the things that we are doing in Nigeria. In addition to that, we have a programme that we’ve already implemented, called Special Agro Industrial Processing zones. So these are new economic zones we are supporting Nigeria to develop. We provided $520m for that, ourselves, the African Development Bank, the Islamic Development Bank, and the International Fund for Agricultural, currently working now in eight states. We expect that those things will start hitting the ground and start construction by June of this year,” he added. Read the full article

[securedbest]

₦800m Agric Loan - Farmers to Benefit

₦800m Agric Loan – Farmers to Benefit

IFC, the largest global development institution focused on the private sector in emerging markets, has agreed to issue $18 million in debt financing to Robust International (Robust), a Singaporebased agricultural company with operations across the Asia-Pacific region and sub- Saharan Africa. (more…)

[newshubnaija]

How to Access CBN Loan at 5% Interest Rate Per Annum without Collateral

How to Access CBN Loan at 5% Interest Rate Per Annum without Collateral

How to Access CBN Loan at 5% Interest Rate Per Annum without Collateral Do you know that you can access the N10 million CBN AGSMEIS 5% Loan? Have you been searching for the CBN Loan 2022? If your answer is yes then you have to go through this post to know how you can apply for this loan from CBN. What is Agric Small and Medium Enterprise Scheme (AGSMEIS) CBN Loan? The Agric Small and Medium…

[touchaheartnews]

Stanbic IBTC Bank Refutes Multi-million Agric Scam Claims

Stanbic IBTC Bank Refutes Multi-million Agric Scam Claims

Stanbic IBTC Bank Refutes Multi-million Agric Scam Claims Our attention has been drawn to an article where Stanbic IBTC was mentioned, insinuating that Stanbic IBTC Bank was part of a “scam” reported in an article titled “SHOCKING – How BVN, Other Details of Farmers Seeking Loans Under CBN Scheme Were Used To Steal Multi-Million Naira From Government Coffers”. Read More: Stanbic IBTC Bank Nigeria…

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small business loan, Direct credit lenders, Loan lenders,

small business loan, Direct credit lenders, Loan lenders,

It’s a new year and it is time to make new financial goals. We are going to help you figure out the best way for you to save your money and ensure that you have financial stability for the New Year to come. Keep in mind, that these are just a few tips that are going to help you get back into a better financial space. You need to remember that sometimes, you need to make sacrifices such as not…

[hotghnews]

Mass Recruitment At Advans Ghana Savings And Loans

Mass Recruitment At Advans Ghana Savings And Loans

There is a Mass Recruitment At Advans Ghana Savings And Loans. Advans Ghana looks forward to employing highly committed and vibrant individuals holding a minimum of  WASCCE certificates to join their growing team. Positions Available: 1. Agric Project Supervisor Conduct Market studies in the Northern Regions for potential partnerships and prepare market study reports. Make recommendations for…