Smallholder farmers, even those in structured value chains such as cocoa farmers in Côte d’Ivoire, are largely unable to access banks, microfinance institutions and other formal financial institutions. Providing meaningful financial services to these customers in an affordable and sustainable manner is a great challenge.
Never mind that it is drizzling throughout the opening ceremony, forcing many people under a undulating roof of red, green, blue, and pink umbrellas. The re-opening of Cote d’Ivoire’s leading university here in Abidjan’s Cocody district, after its closure two years ago because of the long political crisis which culminated in the disputed results of the 2010 presidential election, isn’t going to be deterred by the last fading days of the rainy season. Academics in their green robes sit good naturedly under tents. Student reps wait nervously by the entranceway for Cote d’Ivoire’s President Ouattara to arrive. The music is loud and exuberant. The place is humming with expectation and excitement. It’s a new start for higher education.
The government has been planning for this moment for the last eight months, hiring legions of workmen, builders, and gardeners to refurbish the old University of Cocody, one of Africa’s longest-running and best-known tertiary institutes which opened before the country won its independence in 1960.