The 2022 Women in Agribusiness Awards, which aims at honouring contributions of women to the sustainable agribusiness development on the African Continent, has been launched. The week-long ceremony, which will be held in Greater Accra, Ashanti and Northern Regions October 24 to October 29, 2022. The event is on the…
Kilkenny-based FinTech Loanitt has signed a major partnership with Three Mobile to become its exclusive mortgage provider. From Feb 1st, Loanitt is now the new .
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These recent estimates indicate that the sector is performing way below its potential. It exposes the lack of new-age reforms, which are required to meet the demands of today. Unfortunately, it is directly leading to the wastage of food, among other issues.
With the rural areas depopulating significantly and urban agglomeration accelerating, the agriculture sector is yearning for more liquidity and the introduction of modern practices. Doing so will reduce the carbon footprint and bring much-needed respite to the underprivileged segments of the farming community.
For a significant period, capital flow into the sector had been restricted due to archaic warehousing and distribution practices, lack of financing options, and minimal presence of commodity exchanges. Only an overhaul of predated techniques can turn the sector around.
BankIslami Reports its Highest-Ever Profit During 2020
BankIslami has reported the highest-ever profitability during the financial year 2020.
The bank reported a profit after tax of Rs. 1.70 billion, up by 56 percent compared with the profitability of Rs. 1.09 billion during the financial year 2019.
Despite downward adjustment in the policy rate, net spreads of the Bank increased by 16 percent on account of 21 percent growth in earning assets and improvement in CASA deposit mix to 64 percent from 60 percent in December 2019.
Total deposits and current account deposits of the Bank rose by 23 percent and 33 percent, respectively, despite all challenges due to the spread of the COVID-19 pandemic.