Corporate Profile
AFC Holdings Was Established In April 2021 By A Resolution Of The Government Of Zimbabwe To Transform Agribank Into A One-stop Shop For Agricultural Finance. The Primary Mission Of AFC Holdings Is To Support Sustainable Agricultural Finance And Development In Zimbabwe, Driving The Development Of The Agricultural Sector Through The Provision Of Diversified Financial Services.
AFC Holdings Is Wholly Owned By The Government Of Zimbabwe. Its Shareholding Structure Is: The Ministry Of Finance And Economic Development And The Ministry Of Land, Agriculture, Fisheries, Water And Rural Development Each Hold A 50% Stake In The Institution . The Group Has The Following Subsidiaries:
- AFC Commercial Bank : Focuses On Financial Services In Agriculture And Related Fields.
- AFC Land Development Bank : Dedicated To Land Development And Related Financing Services.
- AFC Leasing Company : Provides Equipment And Asset Leasing Services.
- AFC Insurance Company : Provides Insurance Services For Agriculture And Related Industries.
AFC Holdings Is A Diversified Investment Holding Company With Operations Spanning Financial Services, Agricultural Support, Land Development And Insurance. It Strives To Be A Leader In Agricultural Financing In Zimbabwe.
Regulatory Information
AFC Holdings Is Registered In Zimbabwe And Is Supervised By The Following Regulators:
- Zimbabwe Financial Services Commission (FSCZ) : Responsible For The Regulation Of Compliance And Risk Management Systems Of Financial Services Institutions.
- Reserve Bank Of Zimbabwe (RBZ) : Responsible For Monetary Policy And Financial Stability.
In Addition, AFC Holdings Holds A BFSI License (Financial Services Commission License) With Number FSCZ/BFSI/001 And Adheres Strictly To Zimbabwe's Financial Regulations And International Financial Standards.
Trading Products
AFC Holdings Offers The Following Key Trading Products:
- Agricultural Loans : Provides Long-term And Short-term Loans To Farmers And Agribusinesses. Land Development Loans : Supports Land Development And Agricultural Infrastructure Building.
- Equipment Rental : Provides Rental Services For Agricultural Machinery And Other Equipment For Agricultural Enterprises.
- Insurance Products : Includes Crop Insurance, Livestock Insurance And Agricultural Liability Insurance.
AFC Holdings' Trading Products Are All Based On The Actual Situation Of The Zimbabwean Agricultural Market And Are Designed To Meet The Diverse Needs Of Customers In The Agricultural Sector.
Trading Software
AFC Holdings Offers Clients The Following Trading Software:
- Agricultural Management Platform (AgrMP) : An Online Platform For Agricultural Loan Applications, Land Development Planning, And Equipment Lease Management.
- Farm Risk Assessment Tool (FRA_Tool) : A Tool For Assessing Agricultural Risk To Help Clients Optimize Resource Allocation.
The AgrMP Platform Supports The Following Features:
- Online Application For Loans And Leasing Services.
- Real-time Tracking Of Agricultural Project Progress.
- Provides Market Trend Analysis And Risk Warnings.
Deposit And Withdrawal Methods
AFC Holdings Offers The Following Deposit And Withdrawal Methods:
- Bank Transfer : Customers Can Make Deposits And Withdrawals Through Major Banks In Zimbabwe.
- Cash Withdrawal And Withdrawal : Cash Withdrawal And Withdrawal At Branches Of AFC Holdings.
- Mobile Payment : Deposit And Withdrawal Are Completed Through A Platform That Supports Mobile Payment.
AFC Holdings' Deposit And Withdrawal Services Support Multiple Currencies, Including The Zimbabwean Dollar (ZWL), US Dollar (USD) And Rand (ZAR).
Customer Support
AFC Holdings Provides 24/7 Customer Support Services To Its Customers, Including:
- Phone Support : + 263-242-897-123.
- Email Support : [email protected].
- Online Chat : Communicate In Real Time Through The AgrMP Platform.
AFC Holdings' Customer Support Team Covers Multiple Languages Including English, Shona And Nyalanda To Meet The Needs Of Different Customers.
Core Business & Services
AFC Holdings' Core Business Areas Include:
- Financial Services : Providing Agricultural Loans, Land Development Loans And Equipment Leasing Services. Agricultural Insurance : Providing Comprehensive Insurance Solutions For Agricultural Projects.
- Agricultural Support : Helping Clients Optimize Agricultural Projects Through Technical Advice And Market Analysis.
AFC Holdings' Differentiating Strength Lies In Its Deep Understanding Of The Agricultural Market And Its Strategic Partnership With The Government Of Zimbabwe And The Agricultural Association.
Technical Infrastructure
AFC Holdings' Technical Infrastructure Is Based On The Following Core Platforms:
- AgrMP Platform : A Modular Agricultural Management Platform That Supports Functions Such As Loan Application, Risk Management, Project Tracking, And More.
- Agricultural IoT (AIoT) : Monitoring The Agricultural Environment Through IoT Devices, Providing Real-time Data Analytics.
- Blockchain Technology : Transparent Management And Payment Settlement For The Agricultural Supply Chain.
The AgrMP Platform Was Launched In Q1 2023 . As Of Q3 2023 , It Has Served More Than 1,000 Agricultural Enterprises .
Compliance And Risk Control System
AFC Holdings' Compliance And Risk Control System Includes The Following:
- Compliance Statement : AFC Holdings Strictly Complies With Zimbabwe's Financial Regulations And International Financial Standards.
- Risk Management System : Real-time Monitoring Of Various Risks Of Agricultural Projects Through AIoT And Big Data Analytics Technology.
- Internal Control System : Establishes A Comprehensive Internal Control System, Including Internal Audit, Threat And Risk Assessment, And Compliance Review.
In Addition, AFC Holdings Has Received ISO 9001 Certification, Proving Its Excellence In Quality Management Systems.
Market Positioning And Competitive Advantage
AFC Holdings Is Positioned As A Leader In Agricultural Finance In Zimbabwe. Its Competitive Advantages Include:
- Focus On The Agricultural Market : AFC Holdings Has In-depth Knowledge Of The Specific Needs Of The Agricultural Industry.
- Diversified Services : Covering A Full Range Of Services Including Agricultural Lending, Land Development, Equipment Leasing And Insurance.
- Technological Innovation : Enhancing Customer Experience And Risk Management Capabilities Through AgrMP And AIoT Technologies.
AFC Holdings' Market Positioning And Competitive Advantage Gives It A Leading Position In The Agricultural Finance Market In Zimbabwe.
Customer Support And Empower
AFC Holdings Empowers Clients Through:
- Technology Empower : Helps Clients Optimize Agricultural Projects Through The AgrMP Platform And AIoT Technology.
- Market Empower : Provides Market Trend Analysis And Risk Early Warning Services To Help Clients Make Informed Decisions.
- Financial Empowerment : Meet The Financing Needs Of Customers Through A Diverse Range Of Financial Services.
AFC Holdings' Customer Support And Empowerment System Has Helped More Than 1,000 Agricultural Enterprises Achieve Sustainable Development.
Social Responsibility And ESG
AFC Holdings Places High Priority On Social Responsibility And ESG (environmental, Social, Governance) Issues:
- Environmental Protection : Reduce The Negative Impact Of Agriculture On The Environment By Supporting Sustainable Agriculture Projects.
- Social Responsibility : Actively Participate In Agricultural Development And Community Building Projects In Zimbabwe.
- Transparent Governance : Establish A Transparent Governance System To Ensure Openness And Transparency In Company Operations.
AFC Holdings' Social Responsibility And ESG Practices Have Been Recognized By International Non-governmental Organizations (NGOs) .
Strategic Collaboration Ecology
AFC Holdings Has Established Strategic Partnerships With The Following Institutions:
- Government Of Zimbabwe : Supporting Agricultural Financing And Rural Development.
- International Bank For Agricultural Development (IFAD) : Providing Financial And Technical Support For Agricultural Development.
- Agricultural Association : Establishing Deep Cooperation With The Zimbabwe Agricultural Association To Promote The Development Of The Agricultural Industry.
These Strategic Partnerships Provide Strong Support For AFC Holdings' Business Development.
Financial Health
The Financial Health Of AFC Holdings Is Reflected In The Following Aspects:
- Registered Capital : Registered Capital Is 5 Million USD . Management Scale : As Of Q3 2023 , The Size Of Assets Under Management Exceeds 200 Million USD .
- Profit Status : Net Profit 5 Million USD In The First Three Quarters Of 2023.
AFC Holdings' Financial Health And Growth Potential Make It A Benchmark In The Agricultural Finance Sector In Zimbabwe.
Future Roadmap
AFC Holdings' Future Roadmap Includes The Following:
- Expand Business Scope : Plan To Expand Agricultural Finance Business In Other Markets In Africa. Deepen Technology Application : Further Optimize The Application Of AgrMP Platform And AIoT Technology.
- Drive Social Responsibility : Continue To Support Agricultural Development And Social Construction Projects In Zimbabwe.
AFC Holdings' Future Roadmap Aims To Become A Leader In Agricultural Finance In Africa Through Technological Innovation And Social Responsibility Practices.
