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