This article surmises that in Africa technology can help farmers not lose income by knowing ahead when to sell their produce. Technology can connect farmers to the markets; market failure is an outcome of a communication failure between farmers and markets. The solution of 2KUZE , is a commercial system designed by MasterCard which links farmers and trading in a virtual market place, using text messages on basic mobile phones. This is an example of the many simple technological innovations that can transform agriculture in African countries, and improve income of smallholder farmers. The...
Esoko, the platform that sends market prices and agricultural tips to farmers will soon retire its brand. After having begun with professional tips sent to farmers through SMS, the Esoko team started to explore innovations on mobile finance for smallholder farmers. In November 2016, Esoko developed a mobile commerce platform that allows farmers to save and borrow toward the purchase of inputs and to sell their crops. Two very different products were now developed, and the team started to face the first challenges. "Our limited management resources were being stretched thin and neither...
mFarmer is an app developed by EcoHub that aims to provide free information such as access to market information, training and education to improve their productivity and yields and mobile money in order to enable farmers to be part of the formal financial system. mFarmer provides farmers with information such as weather data, optimal uses of fertilizers and inputs, sustainability best practices, and other content improves their profitability and their livelihoods. Watch the mFarmer pilot video: Credits: mFarmer The great majority of the world’s farmers have limited access to broadband data...
Esoko is a communication tool created with a view to building connection between businesses, projects, NGOs, governments and smallholder farmers. Esoko started as a price information service but the team soon realized that farmers needed much more than market information and added weather alerts, crop advice, and linking buyers with sellers. Various research finds such services can improve incomes for farmers by roughly 10%. Watch this introductory video on Esoko: Credits: Esoko Over the years, Esoko developed two products: Tulaa and Insyt . Tulaa is a mobile money solution that allows...
Ari.farm is a new agricultural app based in Stockholm and designed to bring nomadic Somali livestock farmers into the digital economy. The concept on which the project evolves is called “crowd-farming,” similar to crowd-funding but adapted to agriculture, consisting in connecting farmers and investors through a digital platform. The Ari.farm mobile application permits users to purchase and invest in livestock in Somalia with the help of a smartphone. Users can buy animals such as goats, sheep, cows or camels which are then raised and cared for by the nomadic farmers. Profits are then shared...
M-Pesa (M is for mobile, “pesa” is Swahili for “money”) was launched by Safaricom, Vodafone’s Kenyan associate, on March 6, 2007. The service is designed to safely send receive and store money via a simple mobile phone. The service also allows customers to make bill payments and top-up airtime. In order to use M-Pesa, customers have to register for the service at an authorised agent and deposit cash in exchange for electronic money which they can send to their family or friends. All transactions are secured by entering a PIN number and both parties receive an SMS confirming the transferred...
Over 90% of sub-Saharan Africa’s 48 million smallholder farmers lack access to formal credit. Although agriculture accounts for around 65% of employment and 32% of gross domestic product, less than 6% of commercial loan recipients are smallholder farmers. The problem is on both sides: on the one hand, farmers cannot purchase quality inputs to improve their production, on the other hand, financial institutions cannot provide loans without an accurate assessment of the farmers’ financial viability. Farmers are therefore left with little access to credit, and financial institutions with a hole...
In Ghana, the agricultural north supplies food to buyers in the south. The travel is mostly done by car and takes up a lot of time. Also, these long journeys are done carrying large sums of money, as the north suffers from a lack of banks. To face the issue of large money trandactions across the country, the ADVANCE II Project (Agricultural Development and Value Chain Enhancement) has developed a mobile money solution as it diminishes the threat of theft, ensures efficient payment and offers the access to financial services such as savings, insurance, and credit. USAID ’s ADVANCE II Project...
The USAID’s Ghana Sustainable Fisheries Management Project (SFMP) signed a partnership agreement with the Ghana Fisheries Commission and Tigo Ghana called "Tigo Fishers Network Initiative." which aims to provide fisher folk with tailored mobile solutions using Tigo platform. In Ghana, 10 per cent of the population work directly or indirectly in the fishing sector, which generates over one billion dollars in revenue annually and accounts for at least 4.5 per cent of Ghana's GDP. Photo Credits: stopillegalfishing.com Tigo Fisheries Network will provide fisher folk information access on best...
