The World Bank and venture capital firm Nest have announced a call for applications for the Agritech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators with one of the region’s leading agribusiness corporates. The AgriTech Challenge, which is sponsored by the World Bank, aims to spur collaborative innovation within the agricultural sector in Kenya.
Agriculture: Latest News
Tom Jackson, 3:38 pm AFKI Original
Informal markets represent an incredible opportunity in Africa. In Zambia, for example, the informal sector accounts for 90 percent of employment, and represents well over one million informal businesses. Key areas that need exploring are agribusiness, textiles, timber and forestry, as there are huge opportunities to disrupt smallholder enterprise systems and introduce innovative concepts that can be sustainable and profitable.
Tom Jackson, 10:33 pm AFKI Original
The Internet Of Things is already widespread, but people aren’t using the terminology or the platforms that bring greatest value to connectivity between devices, says Arthur Goldstuck, MD of South African tech market research firm World Wide Worx. In Africa, IoT is used primarily in vehicle tracking and telemetry — you might call them the first generation of IoT. There isn’t an industry in Africa that has not been disrupted, a stakeholder said. “All industries are moving into this digital age and are transitioning or transforming their business models. IoT is a key driver for that.”
Peter Pedroncelli, 8:25 am AFKI Original
Tech companies continue to inspire Africa and Africans through their unique service offering to the continent and the way in which they enhance people’s lives. From renewable energy to telecoms and other tech firms, African consumers are benefiting from a growing tech sector throughout Africa, and certain companies are making waves as inspirational businesses contributing to better lives for the people they serve. Here are 12 tech and telecoms companies that continue to inspire Africa.
Kurt Davis Jr., 10:55 am AFKI Original
Many African economies could use an infusion of cash into their agricultural markets at the exchange entry point. Liquidity is vital to further stimulate market activity in Africa, especially in the agriculture sector, where 70 percent of Africans make a living. Many African countries do not have agricultural commodity exchanges (or any active trading market) and effectively lack the liquidity and incentive to spur more cash inflow and investors into the sector.
Staff, 1:00 am
With Africa’s population projected to be about 2 billion by 2050, farming must undergo huge strides in productivity to ensure the ability to feed them. Numerous types of digital technology are available to take farming to this level, and entrepreneurs are beginning to introduce them to farming. To take advantage of them, however, there must be widespread internet availability, adequate funding, and ways overcome farmers’ reluctance to adopt new practices.
Tom Jackson, 3:26 pm AFKI Original
Startups innovate much faster than mobile operators but they lack the wide reach — and customers — that more established companies have. Mobile operators and startups in emerging markets should work together because collaboration could be mutually beneficial, according to a new GSMA report — “Opening Doors: A Start-Up’s Guide to Working With Mobile Operators in Emerging Markets.” Some mobile operators are openly listing their API documentation and integration processes, and are willing to listen to startup founders.
Ann Brown, 1:13 pm AFKI Original
There are millions of small-scale farmers locked out of Kenya’s formal economy. Alex Muriu is finding a way to help them. He created Farm Capital Africa to invest in profitable business ventures in the underfunded agricultural sector. He uses the internet to raise funds for agripreneurs — mostly youth and women age 25 to 35 — so they can scale up their agricultural ventures. “We have had some challenges,” Muriu told AFKInsider. “Social-impact investors are not as rampant as profit-making investors.”
Peter Pedroncelli, 4:30 am
Seven South African biotech, health, agro-processing, and manufacturing projects have received a funding boost from the Cape Craft and Design Institute (CCDI) through their Design Innovation Seed Fund (DISF) initiative. The grants, which form part of the Cape Craft and Design Institute’s second round of seed funding, will allow for the innovative projects to be developed for use in a variety of sectors that will benefit from the ideas in development.
Peter Pedroncelli, 3:49 am
The annual World Economic Forum on Africa will see a selection of impressive women tech entrepreneurs taking center stage in Durban, South Africa, with the aim of showcasing the wealth of entrepreneurial talent available on the continent. The 2017 meeting runs from Wednesday, May 3 to Friday, May 5, and will be conducted with the wider theme of “Achieving inclusive growth through responsive and responsible leadership” in mind. Women continue to be an important driver of African economies, with one-third of all businesses across Africa owned by women.
Staff, 8:52 am
Paris & Co, the economic development and innovation agency of Paris, and Meltwater Entrepreneurial School of Technology (MEST) signed an MoU (memorandum of understanding ), underpinning France’s recognition of Ghana’s potential in new technologies and its support of the West African country’s startup ecosystem. A statement by the French Embassy in Ghana says the African […]
- Real Estate