Agriculture machinery firm AGCO renames it’s Zambia Future Farm

ZAMBIA – AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and solutions, has renamed it’s Zambia Future Farm as Martin Richenhagen Future Farm in honour of its long-tenured chairman, president and CEO who is set to retire in December 31 this year. “Mr. Richenhagen has staked his legacy on the continent of Africa, from investing in our parts warehouse facilities, opening our headquarters in Johannesburg, launching our Future Farm concept, introducing the Farm in a Box, and creating the AGCO Agribusiness Qualification initiative,” said…

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Equity Bank inks deal with AGCO to give agribusinesses financing on tractors

KENYA – Equity Bank Kenya has signed a deal with US-based agricultural equipment manufacturer, AGCO. In the partnership, the lender will give its customers up to 80% financing which is payable within 48 months. This financing will, in addition, enable the farmers to acquire the Massey Ferguson tractors and accompanying implements. In addition, the bank will also give a comprehensive insurance cover at an annual premium of 2% of tractor value to customers who will qualify for the financing. This will be made through Equity Insurance Agency. The loan credit…

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