The Agricultural Development Bank (adb) yesterday supported the National Food Buffer Stock Company (NAFCO) with GH ₵ 50million for the purchase of grains from farmers under the government’s flagship programme – Planting for Food and Jobs (PFJs) The grains to be purchased, including maize, rice and cowpea would be supplied to government assisted Senior High […]

Dr John Kofi Mensah, Managing Director, ADB The Agricultural Development Bank (ADB) has supported the Planting for Food and Jobs (PFJ) initiative with GH¢100 million. The amount will be in the form of credit facilities and working capital loans to enable agro-inputs to get to beneficiary farmers under the programme. This was disclosed by the […]

TADB is implementing President John Magufuli’s directive wanting the bank to directly reach out to farmers as a way of boosting agriculture in Tanzania. Speaking to farmers in question after handing over the cheque here recently, the Bank’s Director of Finance, Derick Lugemala said TADB has already started to reach the farmers through commercial and […]

Oliver Kazunga, Senior Business Reporter STATE-owned Agricultural Development Bank of Zimbabwe (Agribank) says it is not going to review its interest rates upwards at a time when other banks are increasing the lending rate margins. In an interview yesterday, Agribank chairman Mr Thomas Nherera said by maintaining the interest rates at prevailing levels this would […]

BEIJING, July 1 (Xinhua) — China’s central bank continued to pump cash into the money market in June to meet the demand for liquidity from financial institutions. A total of 740 billion yuan (about 108 billion U.S. dollars) was injected into the market via the medium-term lending facility (MLF) last month to maintain liquidity in […]

The Agricultural Development Bank (ADB) yesterday handed over a cheque for GH¢480,000 to the government for presentation to Mr James Obeng Boateng as his prize for being adjudged the 2018 National Best Farmer. The Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, received the cheque on behalf of the government from the Managing Director […]

The Agricultural Development Bank (ADB) is restructuring its operations to enable it to refocus on agricultural financing, the Managing Director of the bank, Dr John Kofi Mensah, has said. He said the bank had expanded its Agriculture Department into an Agricultural Business Division, headed by a general manager, and also decentralised the division with dedicated […]

The Agricultural Development Bank (ADB) has contributed 100 million Ghana Cedis towards the Planting for Food and Jobs initiative started by the government in 2017 to boost agricultural production in the country. The amount by the bank has been committed in the form of credit facilities and working capital loans to enable agro-inputs to get […]

The Agricultural Development Bank (adb) has contributed a total of GHS100 million for the purchase of seeds and fertilisers, and also as credit to farmers for the successful implementation of the government’s flagship Planting for Food and Jobs (PF&J) initiative. In a speech read on the Managing Director’s behalf at the Rearing for Food and […]

Harare Bureau The Agricultural Development Bank (Agribank) has declared a US$5,5 million dividend to Government after recording a 63 percent growth in profit to $13 million in the year to December 2018, breaking away from the common streak of State entities mired in perennial losses. Chief executive, Mr Sam Malaba said the dividend makes Agribank […]