Absa has Identified Agriculture on the African Continent as One of its Key Growth Sectors

How does the bank which funds the largest number of agriculture sector transactions in South Africa, utilise its skills and knowledge to improve food security and become a force for good across the African continent? In Kenya, Absa has a robust value proposition anchored on four approaches of access to relevant and actionable information, access to coaching & mentorship, access to markets and access to sustainable finance. This seeks to empower various stages in the agriculture value chains for clients’ unique needs – both debt and non-debt – while looking at the whole ecosystem. In the Ivory Coast, the bank has funded a cashew processing facility which is now one of the largest cashew processing facilities in the world. In Tanzania, we have invested $45m for a sugar production facility with a combination of capital expenditure as well as working capital.  

DAILY MAVERICK