BY EDDY NYADWA– Agricultural Finance Corporation, AFC has announced the exit of its Managing Director Mr. Lucas Meso from the state parastal. The Board has now appointed Ms Rose Ochanda as the Acting Managing Director.
Untill her appointment, Ochando served as the Corporation’s Secretary and Chief Manager Legal Services. She has been at AFC for 12 years.
The exiting MD Lucas Meso has joined the Corporation in 2011 at a time when it was struggling and on its kness. During his tenure, he oversaw gradual growth of the corporation and expansion iof number of branches.
In his period as the MD, he oversaw the investment of over Kshs.37.3 Billion into the agricultural sector. This was made possible by a ramped stakeholder engagement and resource mobilization effort that saw the Government inject over Kshs. 6.5 Billion shillings into the Corporation, Ksh. 567 Million in commitments and disbursements from Partners and an additional Kshs. 12 Billion shillings currently under negotiation.
Mr. Meso also oversaw internal business process re-engineering, enhanced performance management and improved employee welfare, acquisition and roll-out of ICT systems. This has led to an AFC that is adaptable and future-ready and with the adoption of its current disruptive strategy, the Corporation is now uniquely positioned to undertake its mandate in a more effective manner.
Speaking during the handing over ceremony at the corporation office, Meso said “AFC is truly a Corporation full of talented people, and brilliant minds. Over the years I have worked at AFC, I have seen the many ways in which our brand has improve people’s lives, positively impacting more than 120,000 citizens every day”.
The AFC Chairman Hon. Franklin Bett lauded the outgoing MD noting that he had served diligently and resuscitated an institution that had been written off. .
“Meso is an exceptional leader who has transformed AFC, making it one of the best-performing Development Financial Institution (DFI) in the country and Africa.” Bett said.
“He leaves a more agile and resilient AFC, well placed to win in this fast-changing, dynamic industry.” He added
AFC is the leading Government credit institution mandated to provide credit for the sole purpose of developing agriculture in the country. The Corporation offers short, medium- and long-term finance and currently has six (6) regional offices and forty-seven (47) branches across the country.