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Sunday, February 12, 2017

Mobile finance holds potential for agribusiness.

Mobile finance holds great potential for promoting financial inclusion in agribusiness especially with mobile phones increasingly becoming affordable, Dr Berty Annan, the Country Manager, Agribusiness Systems International (ASI) has said. She explained that access to finance was a major challenge in the agricultural sector; and that it was expensive to build bank branches in rural areas coupled with difficulty in convincing the ‘unbanked’ to use formal banks.more