When the Agricultural Market Development Trust (AGMARK) received a grant from USAID’s African Institution Innovation Mechanism (AIIM), they did not envision the ripple effect of increased funding from other donors that would follow. AGMARK has attributed this positive development to the standardization of its systems funded through the capacity building component of the grant, known as USAID AIIM-Assist.
Co-ops now able to access crop loans through millers
East African smallholder farmers must rely on savings from their low incomes to increase their farms’ yields. This is largely due to their lack of access to credit, which requires collateral and loan histories, requirements that are far removed from these farmers’ financial realities. Thus they are left at the mercy of friends and relatives to provide them with small loans.
The Common Market for East and Southern Africa (COMESA) is a regional organization of 19 African Member States. The COMESA mission is to “endeavor to achieve sustainable economic and social progress ... particularly in trade, customs and monetary affairs, transport, communication and information, technology, industry and energy, gender, agriculture, environment and natural resources.”
The East African Community (EAC), consisting of Burundi, Kenya, Rwanda, Tanzania, and Uganda, is a leading regional economic organization in sub- Saharan Africa, and has made great strides in recent years toward integration. The EAC has a combined population of more than 153 million and a GDP of $109 billion. USAID supports the EAC to improve the quality of life of the people of East Africa through increased competitiveness, value added production, enhanced food security, trade and investment.
Ms. Candace Buzzard, the new Deputy Mission Director of Kenya and East Africa for the United States Agency for International Development (USAID) paid a courtsey visit to EAC‘s Secretary General, Amb. Dr. Richard Sezibera at the EAC Headquarters. She was accompanied by Mr. Matt Rees, Deputy for Trade Africa, Mr. Donald Keene, Resident Legal Officer and Ms. Cristina Olive, Office Director, Strategic Planning and Anaylsis.
Last updated: April 28, 2016