DEAT Capital & Zimbabwe Agricultural Society cordially invites you to the 4thZIMBABWE SME BANKING & MICROFINANCE SUMMIT 2016 ‘Towards Inclusive Growth’ Date: Wednesday 29 June 2016 Time: 8.30am -5.00pm Registration fee: US$150.00 per delegate Exhibition Stand:USD$150.00 for 9sqm Where: Andy Millar Conference Centre (Harare Show Grounds), Zimbabwe Theme: Micro, Small, Medium Enterprises Development & Supporting Value Chains in Zimbabwe Partners:Ministry of Small and Medium Enterprises and Cooperatives Development, Zimbabwe Agricultural society (ZAS) & Zimbabwe Association of Microfinance Institutions (ZAMFI) Introduction The emerging market Micro, Small and Medium Enterprise(MSME) banking opportunity is large and growing fast .According to McKinsey & Company ,it is set to grow to more than $350 billion by 2015, which is approximately $220 billion larger than in 2010. Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset) running between 2013-18 is the Zimbabwe Government’ flagship blueprint .It identifies Micro, Small and Medium Enterprises (MSMEs) as playing a vital role in economic development, by increasing competition, fostering innovation, and generating employment . In Zimbabwe the unbanked and uninsured market is estimated at more than US$2 billion. Survey data from various studies demonstrate that some banks, microfinance and insurance firms have begun to target SMEs as a profitable segment of the economy. The aim of this conference is to bring to the forefront issues related to the financing of entrepreneurial firms, and to explore various institutional, legal, and financial sector developments that affect the creation of such firms, their rate of success, the dynamism of incumbent firms, and their contribution to economic development. The conference will also focus on understanding the role of agriculture value chains and integration of entrepreneurs, various intermediaries, institutional investors, and financial markets in broad based economic development of the country. Of special interest is the effect of alternative forms of financing (such as debt and equity) on the creation and success of entrepreneurial firms. This unique event aims to present different experiences of financial institutions to successfully scale up financing for SMEs, highlighting opportunities for further growth in this segment. Unmet demand for financial services is creating opportunities for financial institutions to expand their market share and increase profits Invited speakers & panelists Hon SithembisoNyoni,Minister of Small to Medium Enterprises & Cooperatives Development, Government of Zimbabwe. HonJoseph Made, Minister of Agriculture, Mechanization and Irrigation Development, Government of Zimbabwe. Hon Patrick Chinamasa, Minister of Finance & Economic Development, Government of Zimbabwe Mr Norman Mataruka,Director ,Banking Supervision, Reserve Bank of Zimbabwe Dr Charity Jinya .President, Bankers Association of Zimbabwe (BAZ) Mr Patrick Mangwendeza ,Chairman ,Zimbabwe Association of Microfinance Institutions (ZAMFI) ,Zimbabwe Mr Godfrey Chinoera,,Chief Executive Officer, Zimbabwe Agriculture Development Trust,(ZADT) & Fund Manager CREATE Fund , Zimbabwe Mr. Thabo P. Thamane,Chief Executive Officer, The Citizen Entrepreneurial Development Agency (CEDA),Botswana Mr. Brian Zimunhu,Fund Manager, Zimbabwe Microfinance Wholesale Facility Trust (ZMWFT),Zimbabwe Mr Mhonda Sibanda.Netone Mobile Financial Services , Zimbabwe Ms S Chirume,Acting Chief Executive Officer Export Credit Guarantee Corporation (ECGC) ,Zimbabwe MsNaa-Aku AcquayeBaddoo, The Country Director, SNV Zimbabwe Mr. CrispenMawadza,Finance and Private Sector, Development Specialist, World Bank Country Office, Zimbabwe. Mrs Constance Sekete . Rural Finance SpecialistFood and Agriculture Organization (FAO) Country Office , Zimbabwe Mr Alan Goodrich, Managing Director Financial Clearing Bureau (FCB),Zimbabwe Target Audience Representatives of key government ministries. International traders with agriculture commodities. Commercial Farmers & Small Scale Farmers. Private sector / Project owners / SMEs with investment opportunities. Consulting firms. NGOs & foundations. Academia& research institutions. Agriculture/agribusiness companies. Producers and suppliers of agricultural products (seeds, fertilizers, etc.) Producers and suppliers of farming equipment agricultural machines. Commodity Exchanges. Microfinance& Banking Institutions Entrepreneurs, Small to Medium Enterprises (SMEs), Microenterprises Policy Markers, & Regulatory Institutions Business Associations, Academia Donors& Intergovernmental agencies Non-government organizations Advisory firms. Inclusive Businesses and agro-enterprises Rural enterprises & Local authorities Technology and mobile services providers. Pension funds Insurance companies Research institutions & knowledge brokers Banks and financial institutions. Donors& multilateral organizations Investors and financiers. Why attend? Showcase your activities and project ideas to financiers & investors. Engage your views on how the Agriculture sector in Zimbabwe should be improved and boost the SMEs' role and inclusivity for broad based economic development. Enjoy a platform to meet key-decision makers and discuss priorities, long-term strategies and result-focused solutions and policies. Share insights of innovative financing in the MSMEs and Agriculture value chains of Zimbabwe. Discuss the potential of the private sector in contributing to agricultural development. Discuss strategies and policies to improve smallholders’ access to markets. Forge new partnerships and business ventures; Understand price developments in the commodity markets; Topics of interest will include; The role of access to finance in creating entrepreneurial firms, fostering their success, affecting innovation, and in their exit choice decisions. The role of financial intermediaries like banks, and private equity investors including venture capitalists and angels in entrepreneurial business creation and in the success of such ventures Innovative financing for women in business The role of market structure and product market competition on the creation, financing, and success of entrepreneurial firms and in shaping innovation at entrepreneurial firms Governance and board structure of entrepreneurial firms and its impact on the development and success of entrepreneurial firms International comparison of institutional, legal, and contractual structures fostering Emerging technologies in the provision of MSME banking, microfinance and micro insurance services. Draft Programme Summit co-chairs: Mr. Nicky Moyo, Managing Director DEAT Capital &Dr Anxious J Masuka, Chief Executive Officer, Zimbabwe Agricultural Society (ZAS) 8.00-8.30AM Registration & Coffee 8:45 –Opening Remarks –Hon Mrs. Sithembiso Nyoni, Minister of Small and Medium Enterprises and Cooperatives Development 9:00 – 9:30 AM Ministerial keynote panel discussion Chair : Dr Anxious J Masuka ,Chief Executive Officer, Zimbabwe Agricultural Society (ZAS) • Hon Mrs. SithembisoNyoni, Minister of Small and Medium Enterprises and Cooperatives Development • Hon Dr Joseph Made, Minister of Agriculture, Mechanization and Irrigation Development, Government of Zimbabwe • • Hon Patrick Chinamasa , Minister of Finance & Economic Development, Government of Zimbabwe 9:30 – 10.40 am– The Regulatory Environment -Optimizing Zimbabwe SME Banking & Microfinance Sectors for Success. Microfinance’s pendulum has swung from being considered an angel to being regarded as the devil. The reality is somewhere in the middle. In addition business failures in microfinance sector remain higher due to other issues such as or corporate governance today. Excessive drive for profit and the related high growth have left the industry disconnected to its clients and its mission and exposed it to increasing political and media risk. Lack of product innovation and focus on credit product has only weakened microfinance: its relationship to the clients it serves and the potential it has for providing essential services to the poor segment of the population.This session will discuss best practice policies to promote SME banking and attempts to identify scenarios related to financial infrastructure for microfinance institutions and banks and increasing transparency for all the players. The session will discuss latest business formalization initiatives and structures Moderator: :Mr. UdoEtukudo, Economic Advisor, United Nations Development Program (UNDP),Zimbabwe Panel discussants: • Mr. Norman Mataruka, Division Chief, Banking Supervision , Reserve Bank of Zimbabwe (RBZ) • Dr Charity Jinya .President, Bankers Association of Zimbabwe (BAZ) • Mr Patrick Mangwendeza ,Chairman ,Zimbabwe Association of Microfinance Institutions (ZAMFI) ,Zimbabwe 11:00 – 11:40 AM Coffee Break & Extended tour of Exhibition stands 11:40 – 12:10 PM Session 2: The MSME Financing & Role of Agriculture Value Chains in Zimbabwe Are there significant numbers of MSMEs that could use funds productively if they were available, but who cannot obtain finance from the formal financial system? This session, which analyzes the “financing gap”, seeks to determine how prevalent and important such a gap may be and recommends measures to improve the flow of financing. This session will also discuss the importance of SMEs in job creation and present effective ways to track this. A special focus is the role of like-minded financial institutions in the Africa region. The support of Agriculture value chains has brought immense success to Zimbabwe’s key economy signifying an important model of financing partnerships between banks, large agribusinesses, small holder farmers and suppliers in the chain. Experiences will be shared by panelists from these stakeholder groups Moderator: Mrs. Gladys Kanyongo.Chief Executive Officer, Small Enterprises Development Corporation of Zimbabwe Panel discussants • Mr Mhonda Sibanda, Netone Mobile Financial Services , Zimbabwe • MsNaa-Aku AcquayeBaddoo, The Country Director, SNV Zimbabwe • Mrs Constance Sekete . Rural Finance SpecialistFood and Agriculture Organization (FAO) Country Office , Zimbabwe 12:10: – 1.00 PM Session 3: Making SME Banking a Strategic Priority & Integrating Alternative Channels into SME Banking Value Proposition With rapidly eroding growth opportunities in retail and corporate banking, Banks are increasingly looking for avenues to build a competitive and sustainable SME business. This session will discuss CEO strategy to scale up SME Banking operations. Leading SME banks have developed successful SME advisory programs to differentiate their value proposition and better manage risks. This session explores experiences of banks that have implemented such strategies, the challenges faced and the benefits reaped of this differentiated approach. Costs to serve SMEs, which are in most circumstances widely dispersed, non homogeneous in nature and offering smaller revenue wallet, poses a significant challenge to banks. This session will also discuss how to leverage new delivery channels to lower operating costs, build internal efficiencies and maintain customer satisfaction levels. 1:00PM – 2:00 PM Lunch 2:00PM – 3:00 PM: Agriculture Value Chain Development Opportunities and Integrating Women & Youth in value chain financing. Despite being an emerging & profitable business segment, most banks do not have a differentiated value proposition for serving Women & Youth in Business. This session will discuss how to use market research to develop a segment strategy and develop an attractive value proposition for women & youth entrepreneurs. The session will also look at solutions, trends and lessons learnt in supporting the country ‘small scale farmers. The role of financing and developing agriculture value chains in Zimbabwe will be examined with international experiences shared Moderator:Ms Nicola Grace Hove ,Global Shaper ,World Economic Forum (WEF)