PRESS RELEASE – EAGC Signs MoU with Quipbank

PRESS RELEASE

Eastern Africa Grain Council (EAGC) Signs MoU with Vehicle and Equipment Leasing Limited (Quipbank) to Provide Leasing Equipment through EAGC–GSoko and E-Tinga Platforms

Grain Farmers to now Access Leasing Services through E-Tinga and G-Soko Platforms

 [Nairobi, Kenya, 20th February 2017]. The Eastern Africa Grain Council (EAGC) today has inked a partnership with the Vehicle and Equipment Leasing Limited (“QUIPBANK”) for a mutually beneficial agreement for the provision of farm equipment and implements to farmers and other grain stakeholders. The MoU is intended to provide farming solutions to the farmers and grain stakeholders through provision of platforms for leasing vehicles and equipment at cost effective arrangements through EAGC –G-Soko and E-Tinga platforms.

Speaking during the ceremony, EAGC Executive Director, Mr Gerald Masila said the MoU demonstrates commitment by both parties to implement the new journey and route that EAGC is taking to facilitate efficient, structured, inclusive and profitable grain trade in the eastern region, ensuring reduced cost of production.

Mr Masila added that, for many years, farmers in Eastern Africa have had a hard time accessing farm mechanization services hindering farmer’s capacity to fully maximize on their farm’s output, therefore, through this partnership, we aim to create an environment where farmers maximise on mechanization, increasing income and improving food security.

The EAGC- GSoko project is aimed at bringing structure and consistency to trade in grains, which are a critical component of our staple food value chain systems,” explained Gerald Masila,

To achieve this, EAGC will work closely with partners like Quipbank to develop its fast-growing market of development partners and research institutions to deliver its mandate while staying on the cutting edge of technology and innovation.

Mr. Paul Njeru, Regional Managing Director for Quipbank, said that the firm has equipment stores across the country and shared the great vision of Tinga to be the leaders in agricultural mechanisation with the most advanced technologies for its stake holders.

“Tinga is an online based platform supported by East Africa largest leasing company to provide short term leases to farmers and we have invested Kes 5 billion in acquiring tractors and implements, capacity building and conducting regular training on conservation farming practices.’’ Mr Njeru added.

The Tinga community mechanization concept involves farmers coming together through NGO, SACCO, church or cooperative societies then Tinga provides the mechanization services was highly applauded by the delegates.  The impact that Tinga is making across this nation has gone way beyond this country now being embraced by other nations.

“We have noted that the Quipbank has invested Kes 5 billion in acquiring tractors and implements, capacity building and conducting regular training on conservation farming practices hence this partnership will go far way in empowering over 200,000 grain farmers across the Eastern  region, EAGC Chairman, Dr. Bernard Otim said.

The signing ceremony was witnessed by EAGC Directors, drawn from different countries;   Dr. Bernard Otim CEO of Farmers Centre (U) Ltd in Uganda, Mr. Julius Wambura, Chief Operating Officer FRABHO Enterprises Ltd in Tanzania, Eugine Rwibasira, the Executive Secretary –Rwanda Development Organisation- RDO in Rwanda and Rose Mutuku, Managing Director of Smart Logistics Ltd from Kenya.

-Ends-

About Eastern Africa Grain Council (EAGC)

The Eastern Africa Grain Council is a regional organization with membership drawn from across the Eastern and Southern Africa. Membership is drawn from grain value chain stakeholders currently with presence in 10 countries across Africa including Burundi, Kenya, Uganda, Rwanda, Tanzania, Zambia, Malawi, South Sudan, DRC Congo and Ethiopia.  EAGC’s key products and services include promotion of structured trading system (STS) through the warehouse receipting systems (WRS), and Regional Grain Trading platform   (G-Soko), Market Information Systems (MIS) offered through the Regional Agricultural Trade Intelligence Network (RATIN- (www.ratin.net ) and evidence-based Policy Advocacy and  Training and Capacity Building through the Eastern Africa Grain Institute (EAGI).

The EAGC G-Soko (www.g-soko.com ) is an online Platform service provided by the Eastern Africa Grain Council to facilitate regional and national trade in grains. G-Soko comprises a network of village aggregation/grain bulking centres (VACs) linked to certified warehouses installed with a software automating the grain intake and grain warehousing and management process, connected to a virtual trading platform with a clearing and settlement process, all regulated and administered by EAGC, under the law of contract and operating under defined set of protocols, procedures, rules and regulations.

About Quipbank

Vehicle and Equipment Leasing Limited (Quipbank) is an independent asset leasing, maintenance and consulting company. Established in 2006, which has established itself as the foremost expert in asset & plant lease acquisition and maintenance, providing services in an array of sectors across the economy. Quipbank equipment stores across the country and shared the great vision of Tinga to be the leaders in agricultural mechanisation with the most advanced technologies for its stake holders.

E-Tinga (www.e-tinga.com ) is a product of Quipbank with unique Tinga mobile and SMS platform which enables farmers to conveniently access timely farm mechanization services by click of a button

For more Information please contact:

Titus Kisangau

Program Officer, MIS & Communications

Tel: +254 703610989; Tel: +254 720 318 373

E-mail: tkisangau@eagc.org , grains@eagc.org

Elizabeth Bendera

Quibank, Relationship Manager

Cell: +254 725 899 018; Office: +254786 982 479, +254731 440 832

Email_ elizabeth.bendera@vaell.com  www.vaell.com

Mr. Paul Njeru, Regional Managing Director, Quipbank, (left), Mr Gerald Masila, EAGC Executive Director and Dr. Benard Otim, EAGC Board Chairman(right) after signing the MoU

Leave a Comment

Showbox APK