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,

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