Prime Minister Abe Holds a Meeting with the President of the Republic of Kenya

APO News from Africa:

Prime Minister Abe Holds a Meeting with the President of the Republic of Kenya:

On Sunday, May 27, commencing at about 9:20 a.m. for approximately 10 minutes, Mr. Shinzo Abe, Prime Minister of Japan, who was visiting the Italian Republic to attend the G7 Taormina Summit, held a meeting with H.E. Mr. Uhuru Kenyatta, President of the Republic of Kenya, who attended the G7 Outreach Meeting. The overview of the meeting is as follows. (The meeting was attended on the Kenyan side by Ambassador Amina C. Mohamed, Cabinet Secretary for Foreign Affairs, and on the Japanese side by Mr. Koichi Hagiuda, Deputy Chief Cabinet Secretary.)  

1. Prime Minister Abe stated that he was pleased to have guided the Sixth Tokyo International Conference on African Development (TICAD VI) in August last year to a success together with President Kenyatta, and he also congratulated Cabinet Secretary Mohamed on being awarded the Grand Cordon of the Order of the Rising Sun. Furthermore, Prime Minister Abe stated that he hoped to further strengthen cooperation in areas such as developing the Mombasa Special Economic Zone (SEZ) and the United Nations Security Council (UNSC) reform.
2. In response, President Kenyatta expressed gratitude for the decoration conferred on Cabinet Secretary , and stated that he was sincerely delighted with the success of TICAD VI and Prime Minister Abe's state visit to Kenya and was grateful for Japan's continuous support with Kenya's economic and social development including Mombasa SEZ development and the energy sector. President Kenyatta stated that he hoped to continue to work together with Japan in the international arena including the UN reform. 
3. In addition, Prime Minister Abe and President Kenyatta exchanged views on regional affairs including South Sudan and North Korea.

Distributed by APO on behalf of Ministry of Foreign Affairs of Japan.

Source: APO – Africa-Newsroom: latest news releases related to Africa

UN study: Digitization of Kenyan farmer payments helps tackle poverty:

A new case study (http://APO.af/v5Wxdm) by the United Nations-based Better Than Cash Alliance (www.BetterThanCash.org) shows how agriculture nonprofit organization One Acre Fund (www.OneAcreFund.org), in partnership with Citi Inclusive Finance (www.CitiInclusiveFinance.com), successfully digitized loan repayments for farmers in Kenya. This move significantly boosted transparency and efficiency, driving economic opportunity and financial inclusion for thousands of smallholder farmers and their families.

One Acre Fund, supported by Citi, enabled farmers to easily make loan repayments via mobile money instead of cash, reducing the uncertainty, inefficiency, insecurity and high costs previously caused by cash transactions.

One Acre Fund can now reach more farmers with greater reliability, and staff can spend almost half as much time collecting payments in cash, using that extra time to help farmers increase their incomes through training and educational programs. With One Acre Fund’s package of services, including training and inputs like seed and fertilizer, the average farmer participating in the program earned nearly 50 percent more than peer farmers who do not participate.

Study findings include:

• Increased participant satisfaction due to transparency and convenience.
• Eighty-five percent decreased instances of repayment fraud.
• Reduced processing time for each repayment from 12-16 days to 2-4 days; farmers now know immediately when their payment is received, eliminating the worry about whether it arrived.
• Eighty percent decrease in repayment processing costs.
• Forty-six percent of time reduced for staff working on collections, allowing for more time helping farmers improve agricultural practices.
• Women farmers benefited especially, feeling safer about payment deliveries.

“Mobile repayments have allowed us to increase our efficiency and provide better service to farmers,” said Mike Warmington, the Director of Microfinance Partnerships at One Acre Fund. “We’re excited to be working at the forefront of this technology in the smallholder agriculture lending sector. In our experience, farmers were empowered to thrive in these communities. Clients receive immediate confirmation of payments as they happen, enabling them to better manage their businesses and family finances.”

“Citi’s footprint, track record in inclusive finance and transaction banking capabilities enable us to provide global support to leading social enterprises like One Acre Fund,” said Bob Annibale, Global Director, Citi Inclusive Finance. “Among other benefits, digitization enables efficiency and security, and drives innovative and inclusive business models. Citi is proud to play a part in enabling One Acre Fund and other organizations like them to improve the livelihoods of farming communities.”

One Acre Fund is an example of the significant benefits and impact that digital payments and inclusive digital financial infrastructure, as developed in Kenya, can bring to agricultural value chains, contributing to a more sustainable and productive agriculture sector, a cornerstone of the UN’s Sustainable Development Goals (SDG). These learnings can easily translate to poor farming communities in other countries and One Acre Fund is working on plans to expand in Rwanda, Tanzania, and Zambia in the future.

“For companies and nonprofit organizations who want to work in rural Africa, this success story is a must-read,” said Oswell Kahonde, Africa Regional Lead at the Better Than Cash Alliance. “Digital payments are essential to building sustainable business models and creating long-term impact. By enabling smallholder farmers to make and receive payments digitally, we are creating transparency and accountability which translates to numerous benefits and empowers people to take control of their finances.”  

*** Please click here (http://APO.af/v5Wxdm) to download the study. 

Distributed by APO on behalf of Better Than Cash.

For information & media interviews, please contact:  
• Better Than Cash Alliance: Angela Corbalan, Head of Communications, Angela.Corbalan@UNCDF.org, (+1) 917 224 9109
• One Acre Fund: Whitney McFerron, Global Media Relations Lead, Whitney.McFerron@OneAcreFund.org 
• Citi: Patricia Tuma, Corporate Communications, Patricia.Tuma@Citi.com

About Better Than Cash Alliance:
The Better Than Cash Alliance is a United Nations-based partnership of governments, companies, and international organizations that accelerate the transition from cash to digital payments in order to reduce poverty and drive inclusive growth. To learn more, visit www.BetterThanCash.org, follow @BetterThan_Cash. 

Source: APO – Africa-Newsroom: latest news releases related to Africa

Argentina-Netherlands-Mozambique triangular cooperation:

On 22-23 May, experts from the National Institute of Agricultural Technology (INTA), with the Directorate General for International Cooperation and the Argentine Embassy in Mozambique, held working meetings in the city of Maputo with the NGO Technoserve, at which it was agreed to work on the development of no-till farming demonstration plots in the central region of the country.

The project seeks to show how the implementation of the Argentine production system and its related technologies can raise food production levels while reducing environmental degradation.

The Argentine Republic thus reaffirms its commitment to cooperate with African countries in the field of agro-industry, through public-private and third sector partnerships. 

This initiative was made possible by the signature of a Memorandum of Understanding between the Foreign Ministers of Argentina and the Netherlands. The document, signed by the Argentine and Dutch Ambassadors (Federico Villegas Beltrán and Pascalle Grotenhuis, respectively) in Mozambique, seeks to promote triangular cooperation in the African country.

This enables the insertion of the Argentine Republic, through the Argentine Fund for South-South and Triangular Cooperation (FO.AR), into sustainable agriculture projects carried out by Dutch cooperation and the NGO Technoserve in Mozambique since 2013.

Distributed by APO on behalf of Ministry of Foreign Affairs of Argentina.

Source: APO – Africa-Newsroom: latest news releases related to Africa