Equity Group and World Food Programme Sign Historic Agreement to Enable Small-Scale Farmers to Grow and Thrive

 

Equity Group Holdings and the World Food Programme (WFP) have forged a groundbreaking framework agreement. Let's explore the key details:

1. Objective:

   - The agreement aims to link value chain actors in food and agriculture with financial literacy training and concessional financing.

   - It targets marginalized communities where traditional financing is scarce.

2. Private Sector Engagement:

   - This collaboration represents a new model of private sector engagement for development impact.

   - It leverages WFP's deep field presence and Equity Bank subsidiaries' financial services.

3. Operational Scope:

   - Equity and WFP will provide training to value chain actors, enabling them to access financing.

   - Technical assistance will be extended to agri-processors and agri-preneurs for impact investments facilitated through Equity Bank.

4. Scaling from DRC:

   - The agreement builds upon a successful collaboration between WFP and Equity BCDC in the Democratic Republic of the Congo (DRC).

   - The project "Promotion of Sustainable Food Security" in the DRC has stimulated sustainable agro-industrial development, benefiting smallholder farmers, cooperatives, and food processors.

5. Global Impact:

   - Dr. James Mwangi, Group CEO of Equity Group Holdings, emphasized the role of the private sector in transitioning food crises toward resilient food systems globally.

   - This marks a significant step toward empowering small-scale farmers and fostering economic growth.

The Equity-WFP partnership exemplifies how strategic alliances can drive positive change in agriculture

 and food security. 🌾🌟🤝.