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BRIEF PRESENTATION

BRIEF PRESENTATION. BACKGROUND. LAND BANK (1920) AGRICULTURAL FINANCE CORPORATION AGRIBANK (COMMERCIAL BANK - 1999) AGRICULTURAL DEVELOPMENT BANK OF ZIMBABWE (2003) SHAREHOLDING 100% GOVERNMENT OWNED MINISTRY OF FINANCE – 50% MINISTRY OF AGRICULTURE – 50%. LEGAL FRAMEWORK.

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BRIEF PRESENTATION

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  1. BRIEF PRESENTATION

  2. BACKGROUND • LAND BANK (1920) • AGRICULTURAL FINANCE CORPORATION • AGRIBANK (COMMERCIAL BANK - 1999) • AGRICULTURAL DEVELOPMENT BANK OF ZIMBABWE (2003) SHAREHOLDING • 100% GOVERNMENT OWNED • MINISTRY OF FINANCE – 50% • MINISTRY OF AGRICULTURE– 50%

  3. LEGAL FRAMEWORK • ESTABLISHED BY AN ACT OF PARLIAMENT • REGISTERED BY THE COMPANIES ACT • REGISTERED AS A FINANCIAL INSTITUION: • REGISTRAR OF BANKS (MINISTRY OF FINANCE) • COMMERCIAL BANKING LICENCE (RBZ) • AGRICULTURAL FINANCE ACT (TO BE AMMENDED – AGRICULTURAL DEV. BANK

  4. MANDATE • SUPPORT THE LAND REFORM PROGRAMME • PROVISION OF FINANCIAL RESOURCES: • NEWLY RESETTLED FARMERS • A1 MODEL (6 HA) • A2 MODEL (400 HA) • SMALL SCALE COMMERCIAL FARMERS • EXISTING LARGE SCALE COMMERCIAL FARMERS

  5. TYPES OF FUNDING • PUBLIC SECTOR INVESTMENT PROGRMME (GVT) (50%) • A1 FARMERS • SMALL SCALE COMMERCIAL FARMERS • COMMUNAL FARMERS • AGRICULTURAL SECTOR PROGRAMME ENHANCEMENT FACILITY (RBZ) (50%) • A2 FARMERS • LARGE COMMERCIAL FARMERS • DEPOSITORS FUNDS (MARKET RATES) • NON-AGRICULTURAL PROJECTS (5%) • BRIDGING FINANCE FOR AGRICULTURAL BORROWERS

  6. PROGRAMMES FUNDED • INFRASTRUCTURAL DEVELOPMENT • DAM CONSTRUCTION • BORE-HOLE DRILLING & EQUIP. • IRRIGATION FACILITIES • FARM IMPLEMENTS AND EQUIPMENT • COMBINE HARVESTORS • TRACTORS • PLOUGHS, HARROWS ETC.

  7. PROGRAMMES FUNDED CONT. • HORTICULTURE • FLOWERS (ROSES, HYPERICUM …..) • VEGETABLES • EXPORT CROPS • PEAS, CARROTS, BABY CORN, TOMATTOES, BEANS • LOCAL MARKET • POTATOES • CABBAGES • CARROTS,…… • CITRUS: ORANGES, MANGOES, APPLES, PEACHES, …

  8. PROGRAMMES FUNDED CONT. • LIVESTOCK PRODUCTION • BEEF CATTLE • DAIRY • SMALL STOCKS • GOATS • SHEEP • PIGGERY • POULTRY • BROILERS • LAYERS • CROCODILE FARMING

  9. PROGRAMMES FUNDED CONT. • SEASONAL FINANCE • GRAINS & CEREALS • MAIZE, WHEAT, SOURGHAM…. • TOBACCO (LARGEST FOREX EARNER) • COTTON • ALL OTHER CROPS • AGRO PROCESSING

  10. CHALLENGES • SHORTAGE OF FOREIGN CURRENCY • INADEQUATE FUNDING • COLLATERAL REQUIREMENTS • SHORTAGE OF INPUTS • DROUGHTS • BAD DEBT PROVISIONS • LOW MARGINS – SHAREHOLDER (COMMERCIAL ACTIVITIES)

  11. BANK PERFORMANCE • REGISTERED LUKEWARM PROFITS – 2003 – 2005 • OUTPERFORMED ALL COMMERCIAL BANKS IN THE UNAUDITED HALF YEAR RESULTS TO JUNE 2006 (PAT US$10M – TREASURY ACTIVITIES) • ADEQUATELY CAPITALISED (Z$1 BILLION = US$4M) • FIVE YEAR STRATEGIC PLAN • OPPORTUNITIES FOR WOMEN FARMERS IN ZIMBABWE • IDENTIFY AT LEAST 10 WOMEN IN 10 PROVINCES • SMES (RBZ = US$64M; AGRIBANK = US$2.5M) • COURSE ON MICROFINANCE – INVALUABLE FOR AGRIBANK’S STRATEGIC DEVELOPMENT OF SMES.

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