Recognition Citation

Paul Richards has expanded access to agricultural mechanization by leading a specialist equipment-leasing platform that enables smallholder and emergent farmers to acquire productive assets through structured finance. During the assessment period, AgLeaseCo continued strengthening its nationwide leasing operations across Zambia while expanding finance solutions for tractors, irrigation systems, agricultural implements and agro-processing equipment. Operating under a Bank of Zambia licence, the company combines flexible lease structures with a financing model that removes many of the traditional barriers to mechanization for underserved farmers. Together, they reflect the kind of practical, institution-building leadership showcased in the AssetFin100 Africa 2026.