Steward Bank Launches AgroFuture
Steward Bank has in conjunction with businesses under Cassava Smartech Zimbabwe launched “AgroFuture,” an agribusiness product.
The agribusiness product which is set to be delivered in partnership with Cassava entities Moovah, EcoCash, EcoFarmer EcoSure, and Vaya, will offer tailor-made solutions to specific needs of the agriculture value chain.
Steward Bank chief executive officer Courage Mashavave who spoke to a local publication The Herald said the new agribusiness product is set to improve agricultural production in the country.
“Agriculture and food security are at the core of basic survival for the general populace across the country, hence the support of agribusiness activities will certainly have a great economic and social impact,” said Mr. Mashavave, announcing the AgroFuture product.”
“Our product will offer solutions focused on enhancing agricultural production by providing access to finance and key innovations to farmers, rural agro-dealers, aggregators and manufacturing companies,” he said
The agricultural production sector in Zimbabwe has declined over the past few years owing to poor farming methods, changing weather patterns, and inadequate financing, among other things. This has seen the country spend hundreds of millions of dollars importing food and agriculture-related products annually.
Announcing the AgroFuture product, Mashavave said there was a need to boost productivity in agriculture to ensure that the country produces enough to meet national demand and reduce the food import bill.
“AgroFuture reaffirms Steward Bank’s position as the everyday bank for everyday people, as the package has solutions for all stages of the farming process, from preparations, production to the selling of the product,” he said
He also revealed that in the near future they are also going to launch Agric Mobile, which is an instant account-opening service that comes with instant mobile credit, as well as Smart Insure – guaranteeing insurance cover against any loss or damage to crops, livestock, and equipment.
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