Browsing: CTA

A Massey Ferguson tractor. Equity will finance farmers to acquire such.

Equity Bank Kenya and AGCO have signed a partnership agreement that will see their customers get up to 80 per cent financing.

AGCO is an American Company which owns the Massey Ferguson brand.

The credit is payable within 48 months on the Massey Ferguson tractors and accompanying implements.

Mechanising farmers

Equity Bank Kenya Associate Director- Credit, Sam Ndung’u, indicated that the Bank is partnering with AGCO, one of the biggest agricultural machinery companies globally to enable farmers mechanise affordably.

Through the sole franchise holder, FMD East Africa, financing will be provided to both businesses and individuals for Massey Ferguson tractors and complimenting implements.

“We share a common goal with AGCO which is to empower SMEs and especially those in the agribusiness value chain from farmers, to processors, with the aim of assisting in the achievement of food security on the continent,” said Ndung’u.

He added that this partnership will go …

Hello Tractor and CTA launch partnership to support smallholder farmers access mechanization - The Exchange

Hello Tractor and CTA launch partnership to support smallholder farmers access mechanization

Hello Tractor and the Technical Centre for Agricultural and Rural Cooperation ACP-EU (CTA) have announced the launch of a joint partnership project to increase smallholder farmers’ access to mechanization services and youth employment opportunities.

The partnership project will enable Hello Tractor to expand its services across Nigeria and Kenya over the next one year to connect 5,000 smallholder farmers to mechanization services, as well as to create jobs for youth as tractor operators and booking agents.

Best practices and lessons learned will be shared on implementing digital services for agricultural mechanization.

“We are delighted to partner with Hello Tractor in expanding its innovative digital platform to reach a large number of users that will contribute not only to modernizing smallholder agriculture and increasing productivity but also to attracting young people to agribusiness in Africa,” said Michael Hailu, Director