The agreement is expected to not only enhance production capacity, but also help to strengthen the country’s poultry value chain system. The bank is committed to proving innovative financial solutions, supporting businesses and promoting sustainable economic growth in the Gambia through strategic partnership and responsible banking.
In his welcoming address, Lamin M Ceesay, head of Commercial Banking Access Bank, reminded that at Access Bank, their objective is clear, which is to become the bank widely recognised for supporting agriculture and agribusiness development in The Gambia.
‘‘Particularly, initiatives that strengthen food security and expand our local production. Today's partnership with G Farm and Sabiji Farm reflects this commitment. From a relationship management perspective, our decision to support these two institutions was guided by the strong confidence we have developed in them over time.’’ he added.
Access Bank has extended a GMD269 million loan facility to G Farm and Sabiji Farm, two local poultry farms, to support the country's agricultural sector. Ceesay said the bank believes in partnering with responsible entrepreneurs to drive impactful financing and strengthen the country's agricultural value chain.
Dominic Mendy, Board Chair of Access Bank, described the loan as a milestone for the bank, the farms, and the country's agriculture sector. "Our decision to extend this loan is driven by a sense of responsibility to contribute to national development, strengthen food security, and support a self-sufficient agricultural economy," he said.
Stephen Abban, Managing Director of Access Bank, emphasised the bank's commitment to empowering local industries and reducing import dependency. "We believe true progress stems from empowering local industries that form the backbone of the country's economy," he said.
The loan is part of Access Bank's efforts to support the agricultural sector, which has been neglected by many financial institutions. Abban noted that the bank is working with G Farm and Sabiji Farm because they have shown resilience, competence, and discipline.
Ebrima Simma, General Manager of G Farms, thanked Access Bank for the loan, saying it is a testament to the bank's commitment to the agricultural sector. Kemo Cham, CEO of Sabiji Farms, also thanked Access Bank and the World Bank for their support.
Musa M. Huma, Director General of the Department of Agriculture, said the loan will help the ministry achieve its mandate of providing safe and healthy food for Gambians. He emphasised the importance of private sector involvement in the country's food system.
The ceremony was attended by government officials, stakeholders, and representatives from Access Bank and the beneficiary farms.
