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Mastercard Foundation Fund for Rural Prosperity sponsors Africa Agrifinance Forum 2018

Wambui Chege, Mastercard Foundation Fund for Rural Prosperity Team Leader, giving a presentation on financial inclusion and innovation in Agriculture at the Africa Agri-Finance Forum on 25th September 2018

Mastercard Foundation Fund for Rural Prosperity sponsored the Africa Agri-Finance Forum that took place on 25 and 26 September 2018 at Crowne Plaza Hotel in Nairobi. The team leader, Wambui Chege, and communications team members, Grace Oduor and Colin Azavedo attended the interactive forum that was aimed at showcasing solutions that will close productivity gaps which impede agri-finance activities in the continent.

The Fund Team Leader, Wambui Chege, gave a presentation during the financial inclusion and innovation in agriculture session, as one of the key note speakers. She was part of a panel with Titianne Donde, Agribusiness Advisor of Prosper Africa and Mr. Tito Arunga, FAO Representative.

Wambui Chege presented on the challenges faced in Agri-finance, key characteristics of Mastercard Foundation Fund for Rural Prosperity Projects and how they address such challenges, giving an overall view of the Fund portfolio and key learnings. She emphasized the lessons learnt from the diverse innovative projects supported by the Fund namely; the importance of building strong partnerships to bring improvement across all levels of agricultural value chains, the necessary trend in bundling financial products and services and offering them via mobile technology and the innovative use of geospatial and biometric methods to collect data on customers used for credit assessments.

The conference provided an opportunity for Fund exposure to various private, public and NGO sector organizations, as well as engaging opportunities with IFC, USAID and research institutions. This activity went a long way in helping create awareness about the Fund’s achievements and learnings and involved the Fund in discussing practical solutions to facilitate greater financial inclusion for the people living in poverty in Africa.

Authored by Grace Oduor