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mehdibella

AGROCENTA - Make-IT in Africa - 1 views

make-it-initiative.org/...agrocenta-2-2

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • AgroCenta is an agricultural technology platform that focuses on using technology to provide market access to smallholder farmers in Ghana. Their primary objective is to promote and facilitate fair trade for smallholder farmers in sub-Saharan Africa by connecting them directly to larger and structured markets. It thus connects them to large, medium and small businesses in order to sell to breweries, food manufacturers and processing industries without intermediaries. The different digital services the company provides in the fields are “Agro-Trade”, “Agro-Pay”, “Agro-Logistics” and “Agro-Information”. By improving the logistical process and removing exploitative buying from the value chain, smallholder farmers can sell at competitive prices and improve their financial livelihood.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      AgroCenta allows farmers to sell their crops and tools to other businesses and manufacturers in an efficient and effective process. I find it amazing how such a concept can facilitate multiple services for many players.
  • AgroCenta is an agricultural technology platform that focuses on using technology to provide market access to smallholder farmers in Ghana. Their primary objective is to promote and facilitate fair trade for smallholder farmers in sub-Saharan Africa by connecting them directly to larger and structured markets.
    • mehdibella
      mehdibella on 13 Feb 21
       
      The different digital services the company provides in the fields are "Agro-Trade", "Agro-Pay", "Agro-Logistics" and "Agro-Information" that allows the farmer to make the best out of the crop
  • By improving the logistical process and removing exploitative buying from the value chain, smallholder farmers can sell at competitive prices and improve their financial livelihood.
mehdibella

AgroCenta - Greentec - 0 views

greentec-capital.com/...agrocenta

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • AgroCenta brings all the stakeholders in Ghana’s agricultural value chain together to facilitate effective trading within its web and mobile platform. They target rural smallholder farmers and farmer-based organizations that have limited access to markets, logistics, or technology. AgroCenta works to improve the livelihoods of farmers by providing an all-in-one SMS based solution to access commodity pricing, offer goods for sale across Ghana, and an on-demand logistics service to ensure timely deliveries.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      I really admire the concept of AgroCenta because it is able to give smallholder farmers an opportunity to expand their business, which would then aid in providing for their families.
  • Agrocenta tackles some of the main market inefficiencies and challenges to growth for smallholder farmers within the agriculture value chain in Ghana and West Africa. Agrocenta works to improve the limited access to market information, to reduce the exploitative behaviour of local buyers and middlemen and to improve the transportation and logistics linkages between small rural sellers of agri production and the larger urban markets.
  • Business Model
  • ...5 more annotations...
  • Agrocenta draws its revenue streams from the price difference between purchase prices (from smallholders) and prices sold to large off-takers. Agrocenta mobilizes a local network of agents and scouts, who work directly with the local farmer communities and engage in the pre/post-harvest process.
    • mehdibella
      mehdibella on 13 Feb 21
       
      Agrocenta's passion to change the face of agriculture in Africa is built on 3 core values, closely aligned with 3 SDGs. Agrocenta aims to create livelihood empowerement for smallholder farmers, help increase farmers' incomes and thus help reducing poverty.
  • Agrocenta’s passion to change the face of agriculture in Africa is built on 3 core values, closely aligned with 3 SDGs.
  • Agrocenta aims to create livelihood empowerement for smallholder farmers, help increase farmers’ incomes and thus help reducing poverty. Agrocenta aims to help ensure sustainable food security by working to reduce inefficiencies in the agricultural value chain. Agrocenta also aims to contribute towards gender equality by working with many female farmers.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta is actively working on empowering small farmers, reducing poverty, ensuring sustainable food security, and contributing to gender equality.
  • Agrocenta draws its revenue streams from the price difference between purchase prices (from smallholders) and prices sold to large off-takers. Agrocenta mobilizes a local network of agents and scouts, who work directly with the local farmer communities and engage in the pre/post-harvest process.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt is important because it shows how agrocenta encourages smallholders farmers to develop their businesses and face challenges by offering them many financial solutions.
  • Products and Services A comprehensive agricultural services platform including: AgroInfo: provides realtime agricultural information and market prices to smallholder farmers AgroTrade: online trading platform offering ability to buy and sell agricultural commodities TruckR: on demand logistics solutions to deliver agriculture goods from rural aggregation points to urban markets and buyers AgroPay: financial platform allowing farmers to transact digitally
    • ghtazi
      ghtazi on 13 Feb 21
       
      these are the Products and services of agrocenta: agroinfo, agrotrade, truckr, and agropay.
mehdibella

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 2 views

agrocenta.com/about

Fintech Agrocenta ghana

shared by mehdibella on 07 Feb 21 - No Cached
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • nouhaila_zaki
      nouhaila_zaki on 07 Feb 21
       
      This excerpt is important because it highlights how AgroCenta solves two persistent problems in the Ghanian agricultural value chain. First, agricultural supply chain management is ensured through the Cropchain platform. Second, the financial inclusion mission of the company is ensured by the LendIt platform.
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics. LendIt, our financial inclusion platform enables farmers access digital services such mobile money payments for commodities sold, micro-lending/input financing, crop insurance and pension scheme for the informal sector.
    • aminej
      aminej on 08 Feb 21
       
      This article shows that AgroCenta is built around an online trading platform which connects smallholder farmers to a larger structured market. It was founded by two ex-esoko employees Francis Obirikorang and Michael K. Ocansey in 2015. It is located in Ghana and more precisely in the capital which is Accra. The service is used through a smartphone so the main target customer here will be small holder farmers who have a phone.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
      sawsanenn on 08 Feb 21
       
      This excerpt is important because it shows how Agrocenta's agents help smallholder farmers, what are the responsibilities they have towards their customers. Plus, it encourage other farmers to join the digitalization world to improve their businesses.
  • ...6 more annotations...
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities. 2 Facilitating trade deals on behalf of Smallholder farmers. Agents deal with buyers who wish to purchase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily. 3 Gathering market information and statistical data. Agents are assigned to major trading markets across the country to collate data on market pricing for various commodities. This information is relayed to smallholder farmers via Voice technologies in languages they read and understand.
    • sawsanenn
      sawsanenn on 08 Feb 21
       
      This excerpt is important because it shows how the Agrocent'as agents help the smallholders' farmers access different financial services, plus it encourages the other farmers to join the digitalization world and develop their businesses
  • Our Cropchain and LendIt platforms solve these two problems. Cropchain is our user-friendly integrated agricultural supply chain management platform that allows organizations to manage everything in the agricultural supply chain from outgrower schemes, logistics, traceability to digital trading, quality assurance and data analytics.
    • mehdibella
      mehdibella on 13 Feb 21
       
      this section shows how much Agrocenta is dealing with its supply chain management to allow farmers benefit from different schemes
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • Onboarding smallholder farmers onto the AgroCenta platform. Agents visit communities where smallholder farmers who deal in sorghum, rice, maize, millet and soybean are registered onto the AgroCenta platform to trade. Agents also work with farmer based organizations (FBOs) to carry out trading activities.
    • mehdibella
      mehdibella on 13 Feb 21
       
      AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
  • ase directly from smallholder farmers. AgroCenta agents are trained in the field of technology, sales and marketing to effectively help smallholder farmers who have little or no knowledge of technology trade easily.
  • AgroCenta is made up of dedicated and talented people. Our core team is made up of project managers, agricultural experts and consultants, software developers, regional and district managers and field agents.
    • ghtazi
      ghtazi on 13 Feb 21
       
      this part is important because we can see how devoted and dedicated is agrocenta when it comes to choosing their team
  • aminej on 08 Feb 21
     
    Some of the advantages that will come with this platform are reducing unemployment and connecting between the lower social class and the high social class in order to develop relations and improve their services. Farmers will gain more profit since it will become more regulated and distribution facilities will be smoother between the two
kenzabenessalah

AgroCenta | GODAN - 0 views

www.godan.info/...agrocenta

Technology platform Farm-to-market Solution

shared by kenzabenessalah on 12 Feb 21 - No Cached
  • AgroCenta is an agricultural technology platform that provides an end-to-end solution for smallholder farmers in the post-harvest value chain from farm to market, leveraging on technology to create impact. AgroCenta focuses on 4 key areas in the agricultural value chain namely market linkage, access to real time market information, access to on-demand trucks and logistics services and financial inclusion platform all targeted at the smallholder farmer
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      AgroCenta doesn't only provide access to smallholder farmers, but there's an entire process behind it. It is in charge of the logistics, the delivery system, the finances, and the real time data.
kenza_abdelhaq

AgroCenta raises US$ 790k of Pre-Series A Working Capital & Development Funding From Sh... - 0 views

medium.com/...unding-from-shell-7db364912b9f

AgroCenta Ghana Specialized financing

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Francis Obirikorang, AgroCenta’s CEO and Co-Founder Michael Ocansey highlight the importance and criticality of this investment: “This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission. The demand for agricultural raw materials from offtakers in the brewery, manufacturing and consumer sector is increasing exponentially because of the easing of the COVID-19 restrictions that were put in place by the government of Ghana, hence this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid”.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it highlights how the investments received by AgroCenta from investors and partners (UK charity Shell Foundation, the UK's Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation) helped the company mitigate the impact of the covid-19 pandemic, and allowed for its operations to continue and frow.
  • This funding, secured from UK charity Shell Foundation, the UK’s Foreign, Commonwealth and Development Office (FCDO), AV Ventures and Rabo Foundation, will enable AgroCenta to further develop its smallholder farmer inclusion programmes and procure crops at transparent and fair market prices to service offtake contracts.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Agrocenta receives funding from diverse global institutions in order to invest in its inclusion programs.
  • In addition, lacking adequate infrastructure, logistics and transportation also limits their access to larger urban markets, where they could obtain much better pricing for their crops. Furthermore, the lack of basic data that enables KYC (Know Your Customer) and a limited or non-existent credit history means that smallholders have very limited access to finance. This prevents them from being able to utilise all of their land for growing crops or forces them to resort to using lower quality inputs — leading to stagnation at the bottom of the pyramid.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta doesn't only help smallholder farmers to have access to markets and financing, but it also supports them with logistics, transportation, and infrastructure.
mehdibella

AgroCenta Aims At Going beyond the Ghanaian Borders by 2018 - Tech In Africa - 0 views

www.techinafrica.com/2711-2

ghana Fintech Agrocenta

shared by mehdibella on 12 Feb 21 - No Cached
  • Given the fact that the startup did well in 2017 by guiding the Ghanaian small-scale farmers to a larger market, it now wants to expand further to Nigeria. At the same time, the startup is planning to launch piloting program in Ghana within 2018. According to AgroCenta CEO and co-founder Francis Obirikorang, the startup will have an initial 100,000 smallholder farmers in Nigeria. The farmers will be connected to almost six, small, medium and large-scale market to sell directly.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is relevant because it reflects AgroCenta's future plans of expansions beyond the Ghanaian borders. This would be helpful in later steps of the capstone and could help with getting ideas about strategies to adopt.
  • AgroCenta was recently selected by Seedstars World for its Seedstars Growth Program. Seedstars Growth Program offers high growth startups $50,000 with access to business advisory and marketing services on top.
  • The company has got some investors like Greentech Capital Partners, Isebaltic Trust, World Trade Organisation and SANAD Technical Facility in Jordan among others. Currently, the startup has an ongoing agreement with various companies that include Guinness Ghana Breweries and is hoping to bring Nestle Ghana on board within 2018.
    • mehdibella
      mehdibella on 13 Feb 21
       
      It was noted that logistics alone makes Ghana to either gain or lose around $200 million potential revenue. The company is currently being funded by close relatives and friends with the founders investing $20,000 which caters for various issues
  • ...2 more annotations...
  • The company has got some investors like Greentech Capital Partners, Isebaltic Trust, World Trade Organisation and SANAD Technical Facility in Jordan among others. Currently, the startup has an ongoing agreement with various companies that include Guinness Ghana Breweries and is hoping to bring Nestle Ghana on board within 2018.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Building relationship and partnership with companies from other countries will allow agrocenta to bring more customers from other countries
  • AgroCenta was founded by Michael Ocansey and Obiorikorang in 2015 who by then were working at an agricultural information communication service Esoko. The founders realized that the farmers were losing almost 40% of their income to middlemen. Although the aim was to develop a trading plan, they, later on, saw the need of working on logistics.
    • ghtazi
      ghtazi on 13 Feb 21
       
      the company was founded in 2015 by Michael Ocansey and Obiorikorang. they were working at an agricultural information communication service Esoko. the founders then realized that the farmers lose almost 40% of their income. so they decided to create Agrocenta in order to help the smallfarmers.
omarlahmidi

Belcash to Launch Online Commerce Platforms - 4 views

addisfortune.net/...unch-online-commerce-platforms

Belcash E-payments Africa

shared by omarlahmidi on 11 Feb 21 - No Cached
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services.
  • “This will make foreign currency flow through the proper channels to local banks,” said Zewdu Assefa, deputy CEO of Belcash Ethiopia. “The seller receives the Birr equivalent of the amount earned in foreign currency.”
    • kenzabenessalah
      kenzabenessalah on 11 Feb 21
       
      BelCash introduced a platform called Helloshop that allowed payments to be processed through Mastercard. The importance of this statement is that the seller would receive the same amount as to that in foreign currency.
  • ...5 more annotations...
  • Belcash Ethiopia, a subsidiary of Netherlands-based Belcash Technology Solutions, was established in 2011. It currently is working with Lion International Bank, Cooperative Bank of Oromia, Wegagen Bank and Somali Micro Finance Institution to launch a pilot project this week.
  • Currently, 40 women from the group have received training by Belcash on how to grow brands and package products. They were also given awareness training on digital platforms.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Lack of an e-payment system, and regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology's growth in Ethiopia. It good to see that Belcash is raising this issue by offering different solutions.
  • An expert on ICT at the Addis Abeba University for more than one and half decades appreciates that such a platform has been realised as it creates more market exposure for micro-enterprises.“In parallel to the platform, people in micro-enterprises should be trained to utilise different websites and other e-system alternatives to develop their businesses and enter markets on their own,” said Mesfin Fikre (PhD).Lack of an e-payment system, together with regressive policies and regulations for financial inclusion, are the main reasons for the lack of financial technology’s growth in Ethiopia, according to Zewdu.
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article shows that Belcash's platform is providing more exposure to micro-entreprises in different sectors in effort to encourage the e-payment system in Ethiopia, which is still evolving compared to others in the continent.
  • For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services
    • ghtazi
      ghtazi on 13 Feb 21
       
      Belcash introduces a new platform named Helloshop that allows customers to put domestic products to be ordered via the company's platform and processed through Mastercard Payment Gateway Services for payment.
  • Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.
    • omarlahmidi
      omarlahmidi on 13 Feb 21
       
      Belcash offer customers an online plateform to make customer's life easier
  • hindelquarrouti on 12 Feb 21
     
    Two e-commerce platforms enabled the online commercial transactions sere set by Belcash in Ethiopia. They enable transactions locally and from outside the country.
  • mehdi-ezzaoui on 13 Feb 21
     
    Belcash plan of launch Two e-commerce platforms, which will enable online commerce locally as well as allow buyers outside the country to transact in goods available domestically, are set to be launched by Belcash Ethiopia
mohammed_ab

Badly Needed, Hard to Deliver: The Challenges of Selling Drought Insurance to African F... - 0 views

nextbillion.net/ught-insurance-african-farmers

WorldCover Blockchain Africa CropFarmers Challenges

shared by mohammed_ab on 11 Feb 21 - No Cached
  • Despite robust financial subsidies, many programs have found that selling insurance to poor African farmers is extremely challenging. This remains the case even when risk products are bundled with other services, such as community savings programs and training in how to improve crop yields. For instance, a 10-year-old government farm insurance program in Ghana has fallen far short of expectations, according to multiple observers—including the same Christopher Udry who inspired Sheehan to create WorldCover. Udry and colleagues reported in a March 2019 paper that the government insurance program had had little meaningful impact. In Kenya and Ethiopia, risk transfer programs aimed at pastoralists have had disappointing results, according to an extensively researched June 2019 article in Devex, which was underwritten by the Technical Centre for Agricultural and Rural Cooperation. Experts point to two main types of obstacles. First, there are enormous marketing and logistical challenges inherent in trying to sell small insurance policies to very poor farmers who’ve never heard of the concept, live in remote areas and may only speak indigenous languages. Second, it’s difficult to build customer loyalty for an abstract product that often doesn’t provide what farmers expect. The Devex story describes how some pastoralists thought they were putting money into a savings account. When they didn’t get their premiums back, “they start[ed] thinking that this product has failed them,” a coordinator said.
  • mohammed_ab on 11 Feb 21
     
    This articles explains the different challenges and go to market strategy that Worldcover has adopted in order to penetrate the African market. It's interesting to see that the two main challenges faced by the company were marketing & logistical problems, alongside customer loyalty. I would have never guessed that these are the types of challenges that WorldCover has faced. When you think about the service they are offering, you quickly think that their challenge will be technical because of the type of technology they use.
nouhaila_zaki

AgroCenta: Digital food distribution platform creating shared value for businesses and ... - 0 views

agrocenta.com/apps

AgroCenta Ghana Agricultural Value Chain Products and Services Cropchain LendIt

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • This is our financial inclusion platform targeted at smallholder farmers. We make it super easy for institutions to on-lend and disburse funds to a large network of smallholder farmers. We don't just give you access to farmers, we give you access to trustworthy low risk farmers.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects the financial inclusion concern of AgroCenta. The LendIt platform allows farmers to access to digital payments, micro-lending and crop insurance more easily thanks to it.
  • Farmer Registrations Know where your farmers reside, how much money they've been making in the past, their family sizes, their literacy levels and more. Inventory Management Easily track how many tons of commodities you have available across multiple locations. Quickly know where to concentrate more effort. Logistics & Tracking Which route is the most efficient to use for commodity pickups? How long will it take for customers to receive commodities they ordered?
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt reflects what the Cropchain platform introduced by AgroCenta does for its customers, namely enforcing traceability, transparency and accountability in the agricultural supply chain.
chaimaa-rachid

Badly needed, hard to deliver: the challenges of selling drought insurance to African f... - 0 views

www.preventionweb.net/...69045

worldcover insurrance logistic marketing african-countries

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • WorldCover began with pilot programs in several African countries. Four years on, it has sold drought insurance to about 30,000 customers. Its largest customer base is in Ghana, and it recently expanded into Kenya. But the firm has also encountered some of the same market barriers that have hampered other African microinsurance programs.
  • WorldCover began with pilot programs in several African countries. Four years on, it has sold drought insurance to about 30,000 customers. Its largest customer base is in Ghana, and it recently expanded into Kenya. But the firm has also encountered some of the same market barriers that have hampered other African microinsurance programs.
  • chaimaa-rachid on 13 Feb 21
     
    This article clarifies the various difficulties and goes to showcase the methodology that Worldcover has received to enter the African market. It's fascinating to see that the two fundamental difficulties looked at by the organization were showcasing and logistical problems.
nouhaila_zaki

AgroCenta - 0 views

www.globalinnovationexchange.org/...agrocenta

AgroCenta Ghana Competitive Advantage

shared by nouhaila_zaki on 12 Feb 21 - No Cached
  • AgroCenta's innovation focuses on the post harvest value chain. The suite of services within AgroCenta provides an end-to-end solution that ensures that it provides a win-win situation for the smallholder farmer and all active players in the value chain. If a smallholder farmer wants to know the latest market price of maize in the nearest market to enable him price competitively, he uses AgroInfo to request for information via SMS and Voice solutions. After the farmers has made a decision on how much to sell, the farmer's commodity information are uploaded onto the AgroTrade platform to connect him to buyers. When a trade agreement is reached between the farmer and a buyer, the farmer requests for TruckR, which is the truck delivery service component of AgroCenta, in real time using mobile phone. After the commodities are sold to the buyer, the farmer is paid via the AgroPay solution, which is the financial inclusion platform within AgroCenta
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      The important message to take from AgroCenta is that it gives win-win situations for all players. Smallholder farmers as well as those active in the value chain are taking advantage of this concept.
  • AgroCenta targets about 10 million smallholder farmers in Sub Saharan Africa within the next 5 years to help them trade fairly. Over 90% of these smallholder farmers live under $1 and are not able to make enough money from sales proceed to take care of their families and re-invest a percentage of the money raised back into their farms.
    • mehdibella
      mehdibella on 13 Feb 21
       
      AgroCenta's value proposition lies in the advantage of providing the last mile market access for smallholder farmers in the staple food value chain through extensive collaboration with many partners who play an active role in the value chain.
  • AgroCenta's value proposition lies in the advantage of providing the last mile market access for smallholder farmers in the staple food value chain through extensive collaboration with many partners who play an active role in the value chain.
  • ...4 more annotations...
  • AgroCenta provides an end-to-end solution for smallholder farmers in the post-harvest value chain from farm to market, leveraging on technology to create impact. AgroCenta's services include a market linkage platform (AgroTrade) linking farmers directly to buyers and removing exploitative buying, TruckR which is an on-demand trucks and logistics services (uber for trucks), AgroPay which is a financial inclusion plaform for the rural unbanked smallholder farmer.
  • AgroCenta has launched and piloted its Smallholder Farmer Integration Platform (AgroTrade) and has currently signed up over 7500 smallholder farmers in the staple food (rice, maize, soybean, sorghum and millet) value chain and connected them to a larger market (offtakers) to trade fairly. Also AgroCenta has recruited the services of 30 agents who work in close collaboration with smallholder farmer and farmer based organizations in 30 communities. Agents are responsible for signing up smallholder farmers onto the AgroCenta platform, uploading trade deals on behalf of farmers and collecting market price information from major markets across the Northern, Upper East and Upper West Regions in Ghana.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      Agrocenta provides an end to end solution for smallholder farmers in the post-harvest value chain from farm to market
  • Competitive AdvantageAgroCenta's value proposition lies in the advantage of providing the last mile market access for smallholder farmers in the staple food value chain through extensive collaboration with many partners who play an active role in the value chain. Secondly the provision of an on-demand access to trucks (uber for trucks) enables commodities to be moved from farms to markets etc in real time, reducing food glut and ensuring food security.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it highlights the competitive advantage that Agrocenta enjoys. This advantage relies upon two components: 1- The company's partners who are crucial actors in the value chain, 2- The provision of on-demand trucks that allow for the smooth and swift movement of goods.
  • AgroCenta is currently operating in 3 out of 10 regions in Ghana. Our expansion plans are to rollout the platform in the remaining 7 regions of Ghana by end of 2018 and sign up a total of 70,000 smallholder farmers to connect them directly to a market to trade and eliminate exploitative buying. Also AgroCenta plans to scale into immediate countries in West Africa (Ivory Coast & Nigeria) by end of 2020. The long-term goal of AgroCenta is to create the first of its kind commodity exchange and aggregations platform in sub Saharan Africa.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta wants to expand in the rest of Ghana's region before scaling into immediate countries in West Africa and finally moving to a Pan-African approach.
tahaemsd

AgroCenta - Disrupt 100 - 0 views

www.disrupt100.com/?company=agrocenta

fintech agriculture africa modernization ecosystem

shared by tahaemsd on 12 Feb 21 - No Cached
  • AgroCenta has four key strands to the business. First is its AgroTrade platform which enables smallholder farmers in remote farming communities to sell directly to buyers in the urban areas. Second, its TruckR on-demand shipping logistic service provides transport for goods at the click of a button. Third, AgroInfo gives smallholder farmers information on commodity pricing via SMS and Voice solutions, helping farmers make informed decisions on how to price competitively. Lastly, AgroPay is a financial-inclusion product for smallholder farmers, allowing them to easily access credit facilities, layaway some funds and transact using the power of mobile phones.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      using its innovative technology which connects smallholder farmers to a larger market to trade and sell directly to buyers in the urban area
nourserghini

Foundation Ventures powers up Egypt's entrepreneurship ecosystem with 4 new investments - 0 views

adigitalboom.com/ntures-egypt-4-new-investments

Capiter Competitor Fintech Egypt

shared by nourserghini on 13 Feb 21 - No Cached
  • The fund is backed by some of the largest family offices and business leaders from Egypt and the MENA region​.​The strategy is the first of its kind in Egypt, utilizing local know-how and private capital to support & build solid foundations for its portfolio.FV has Lead and Co-Lead four highly sought after deals during its initial deployment, investing in two Fintech companies, Capiter & Nowpay, one in consumer internet/entertainment, Minly, and one in logistics (operating in stealth).
    • nourserghini
      nourserghini on 13 Feb 21
       
      This article explains that the invested fund in Capiter is backed by important entities in Egypt and the MENA region. It also states Capiter and Nowpay as two similar fintechs which might suggest that Nowpay is a competitor of Capiter.
hibaerrai

AgroCenta | F6S - 0 views

www.f6s.com/agrocenta1

AgroCenta Agritech Fintech Ghana Africa Loans

shared by hibaerrai on 13 Feb 21 - No Cached
  • AgroCenta brings the shareholders in Ghana’s agricultural value chain under one umbrella. Focusing on the producers, rural smallholder farmers, the company has developed a web and mobile platform that provides rural farmers with a suite of services to empower them to sell their crops at fair-market prices. AgroCenta’s platform, which is includes SMS functionality, provides the following services: 1) AgroInfo: real-time commodity pricing information; 2) TruckR: an on-demand logistics solution; 3) AgroTrade: a market platform to offer crops for sale; and 4) AgroPay: a mobile-money based payments service. The company markets its platform leveraging an intimate knowledge of the African cultural context and recruiting and technologically empowering village chiefs to act as advocates or agents for the platform.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      What I find very thoughtful and interesting is that farmers can apply and ask for loans or different financial services not necessarily through smartphones. They can send an SMS and get the service.
mbellakbail69

AgroCenta CEO on the Challenges of Entrepreneurship in Ghana - 0 views

seedstarslife.com/...llenges-entrepreneurship-ghana

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • AgroCenta focuses on 3 key impact goals for Ghana:No Poverty: we are definitely improving the financial livelihood of smallholder farmers through fair trade. Many smallholder farmers are paid less than $1 a day and our objective is to increase it to $4 a day by 2020.Gender Equality: in Sub-Saharan Africa, traditions and land ownerships do not favor women, which ends up in many women being excluded from the agriculture value chain. By engaging the relevant stakeholders, AgroCenta rents arable agricultural lands to female smallholder farmers for free. Women are also given seeds, fertilizers, mechanized tractor services and extensive advisory information on farming best practices such as what type of seed to plant, when to plant, how to plant, etc.Decent Work & Economic Growth: we empower smallholder farmers to see agriculture as more than just a way to survive and position it as a viable industry that can be sustainable for their family.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      AgroCenta is primarily a digital food and logistics network that generates shared value for local companies and small farmers. Their  business model is simple; it's a B2B company that earns commissions from the companies they deal with for commercial transactions.
ghtazi

AV Ventures Invests in AgroCenta, Supporting Digital and Financial Inclusion of Ghanaia... - 0 views

www.acdivoca.org/...f-ghanaian-smallholder-farmers

Agrocenta COVID19 Security

shared by ghtazi on 12 Feb 21 - No Cached
  • AV Ventures, ACDI/VOCA’s impact investing subsidiary, recently completed its investment in AgroCenta, a technology-driven agricultural platform provider in Ghana. The funding made by AV Ventures is part of a US$790,000 pre-Series A investment round with other participating international institutions, including Shell Foundation, the United Kingdom’s Foreign, Commonwealth and Development Office, and Rabo Foundation, with support from AgroCenta’s strategic advisor, Qbera Capital.
    • tahaemsd
      tahaemsd on 12 Feb 21
       
      With the newly secured funding, agrocenta will widen the reach of its smallholder farmer financial inclusion programs
  • The digital services AgroCenta provides along the selected cereals value chain also improve the repayment of loans by smallholder farmers. The services provide farmers with an end market through the offtaking of produce and through facilitating the provision of high-quality agricultural inputs, which maximize their yields and productivity. To date, the average farmer on CropChain has increased their income by 35 percent and their crop yields by 40 percent, while reducing their food waste by 25 percent. AgroCenta has also made strides to promote gender and social inclusion; nearly half of its CropChain users and more than half of its microloan borrowers on LendIt are female smallholder farmers. 
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This excerpt is important because it introduces the results of using AgroCenta on smallholder farmers, ranging between the maximization of productivity, of income, reduction of food waste,to gender and social inclusion.
  • Founded in 2016, AgroCenta operates two integrated digital platforms in Ghana, CropChain and LendIt, to help address challenges related to smallholder farmers’ access to markets and financial services.
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      Since 2016, AgroCenta operates 2 digital platforms: - CropChain: integrated agricultural supply chain management platform. - LendIt: allowing access to financial services like mobile payments, microloans, crop insurance.
  • ...4 more annotations...
  • Poor infrastructure and logistics prevent many smallholder farmers in Ghana from accessing large, urban markets where they could obtain better prices for their crops. Many of these farmers lack information on fair market prices, which leaves them susceptible to selling at low prices to middlemen. Without a strong credit history, many of them also have limited access to finance for purchasing high-quality agricultural inputs that would enable them to scale beyond subsistent production.  
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      this excerpt shows reasons why smallholder farmers should consider agrocenta to increase their profitability and their revenues
  • For AV Ventures, the investment is part of its long-term strategy of providing innovative and catalytic capital to support growth-oriented small- and medium-sized enterprises (SMEs) like AgroCenta that make up the “missing middle” of investment — too large for microfinance but too small or too early-stage to attract private equity investors. These SMEs are often the backbone of economies and potential drivers of innovation, but too often they miss out on financing that could enable their growth and longevity.  
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrocenta attracts more investors as it is considered among small and medium businesses that promote innovation. In fact, the fintech is specialized in agricultural loans, something not that common in the country.
  • CropChain is an integrated agricultural supply chain management platform that provides smallholder farmers with access to markets. Farmers use the platform to advertise their produce, while large offtakers or buyers of selected cereals use it to make purchases or enter long-term offtaker purchase contracts with AgroCenta. AgroCenta leverages the platform to source cereals directly from smallholder farmers to supply to large offtakers who have contracts with the company. This allows AgroCenta to earn margins between the price it pays farmers and the contractually agreed upon price with offtakers.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      Agrocenta draws even more investment amongst SMEs that promote innovation. This extract shows some of the reasons why smallholders should consider Agrocentra for increasing the profitability and income .
  • “This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission. The demand for agricultural raw materials from offtakers in the brewery, manufacturing, and consumer sector is increasing exponentially because of the easing of COVID-19 restrictions that were put in place by the government of Ghana. Hence, this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid.”
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see how agrocenta takes the pandemic situation and what are the solutions that the company adopts to face it.
mehdibella

AgroCenta : empowering smallholder farmers in Africa through technology and innovations - 0 views

startup.info/agrocenta

ghana Fintech Agrocenta

shared by mehdibella on 08 Feb 21 - No Cached
  •  AgroCenta’s main competitors are Esoko (www.esoko.com), FarmerLine (www.farmerline.co) and Farm Radio (www.farmradio.org). These 3 competitors are “information-based” only, delivering market prices, weather information and extension advisory services via SMS to farmers.
    • aminej
      aminej on 08 Feb 21
       
      Some of the main competitors of AgroCenta's are Esoko , FarmerLine and Farm Radio. These 3 competitors are not really competitors because they do not provide the same services. These competitors are more "information-based" only, delivering market prices, weather information and extension advisory services via SMS to farmers.
  • AgroCenta came about when both co-founders identified the missing gap in the post harvest value chain, that is access to market for smallholder farmers. This gap gave way to exploitative buying from middlemen at the disadvantage to the smallholder farmer.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because it shows the need that AgroCenta founders identified in Ghana, and thus reflects the company's reason for existing.
  • AgroCenta’s core services are AgroTrade : Which is a sales platform that connects smallholder farmer directly to a larger market to trade fairly. AgroTrade matches smallholder farmers in rural areas to small, medium and large buyers in the urban areas. TrucKR : TruckR is the on-demand trucks & logistics aspect of AgroCenta where farmers can book for truck delivery services to cart their commodities from farms to markets just at a click of a button AgroInfo : Real time weather, market prices and extension advisory services are delivered via SMS and voice solutions to smallholder farmers using mobile technologies AgroPay : AgroPay is the financial inclusion platform for smallholder farmers where farmers in rural areas, without bank accounts, receive payments for goods and services via mobile money technologies.
    • nouhaila_zaki
      nouhaila_zaki on 12 Feb 21
       
      This excerpt is important because one can identify the different products and services proposed by the firm.
  • ...7 more annotations...
  • AgroTrade : Which is a sales platform that connects smallholder farmer directly to a larger market to trade fairly. AgroTrade matches smallholder farmers in rural areas to small, medium and large buyers in the urban areas.
    • kenzabenessalah
      kenzabenessalah on 12 Feb 21
       
      I find this concept beneficial for all farmers because they will be able to have more direct access to larger markets. This way they could earn more and interact more.
  • Francis Obirikorang is the CEO/Co-founder of AgroCenta and Michael Ocansey is the CTO/Co-founder of AgroCenta. Francis and Michael are both ex-employees of Esoko, one of the largest market information platforms in Africa for smallholder farmers.
  • AgroCenta’s success factor is the elimination of the exploitative buying approach from the post harvest value chain, and putting the smallholder farmer at a pivotal position where they are able to sell their commodities to interested buyers fairly, generate enough income and become financially independent
    • mehdibella
      mehdibella on 13 Feb 21
       
      AgroCenta provides the "last mile" approach for the smallholder farmers, going a step further to help farmers sell competitively after the get market information only from existing e-agriculture products on the market.
  • AgroCenta’s core services are
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      AgroCenta's services include: -AgroTrade: platform connecting farmers to markets and promoting fair trade. -TrucKR: farmers can have access to transportation through this platform. - AgroInfo: platform that gives useful insights to farmers (weather, market prices) - AgroPay: a platform for financial inclusion, giving small and underbanked farmers the possibility to receive payments via their mobile.
  • AgroPay is the financial inclusion platform for smallholder farmers where farmers in rural areas, without bank accounts, receive payments for goods and services via mobile money technologies.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      It is a good service because it is a good alternative for smallholders farmers to receive secure payments even without owning a bank account
  • AgroCenta provides the “last mile” approach for the smallholder farmers, going a step further to help farmers sell competitively after the get market information only from existing e-agriculture products on the market.
    • ghtazi
      ghtazi on 13 Feb 21
       
      AgroCenta gives smallholder farmers the "last mile" solution, moving a step further to help farmers sell competitively after only collecting demand knowledge from existing e-agricultural products on the market.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      It is a good service because it is a good way for farmers, even without getting a bank account, to get safe payments  This idea is great for all producers, so they will have direct access to bigger markets more effectively. They will gain more and engage with more.
mohammed_ab

Electronic Transactions Reshape Egypt's Economy - 3 views

www.ifc.org/...egypt-digital-payments

Fawry Egypt Fintech Positive Impact Economy

shared by mohammed_ab on 11 Feb 21 - No Cached
  • The rise of online banking around the world has helped other economies solve these very challenges. Cash, for example, is hard to transport. Coins and bills are prone to theft, and their use makes dodging taxes easier for those so inclined. For individuals who must pay in person, getting across a gridlocked city like Cairo is logistically difficult. Together, these problems can constrain an economy. In Egypt, where 94 percent of all transactions were cash as recently as 2014, such a system stymies economic growth.
  • Fawry is part of a new wave of technology companies ushering Egypt into the digital age. Many of these firms are helping transform industries like banking, health care, and transport, and in the process creating good jobs for young Egyptians, more than 30 percent of whom are unemployed.
  • Sabry, a former salesperson at IBM Egypt, launched Fawry because he knew these issues kept Egypt’s economy from achieving its promise. The early years were lean as the company worked to convince tech-wary Egyptians that Fawry’s systems were secure—and that their money wouldn’t disappear into an electronic void.
  • ...6 more annotations...
  • “Time is of the essence, and Fawry saves me a lot of it,” says Shawky, who owns three electronics stores in the Egyptian capital.
    • kenzabenessalah
      kenzabenessalah on 13 Feb 21
       
      Fawry is available for its customers day and night which attracts a large range of people.
  • It was something that Cairo-based shop owner Nader Shawky had come to dread: paying his phone bill. Every month, he trekked to the offices of his mobile provider where he and dozens of others stood in line—sometimes for up to two hours—to settle their bills. It was, he admits, a maddening process.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      By providing online banking financial administrations that allow you to cover your bills, transfer cash, and access a record of your checking account transactions from your internet browser, Fawry makes the life of its clients less difficult. Banking from anywhere, at any time of day or night, makes it a little easier to do anything you do about your finances.
  • Fawry, a fast-growing Cairo-based company that specializes in electronic payments, makes it possible for Shawky to take care of his accounts online.
  • Fawry’s growth has had a profound effect on Egypt’s economy, says Akef el Maghrabi, the vice chairman of Banque Misr, one of Egypt’s biggest banks and an early Fawry partner. “When you eliminate or reduce the reliance on cash, then you fight corruption, you provide convenience, you lower costs, and you grow the economy. [Electronic payments] do a lot of good for the country.”
    • ayachehbouni
      ayachehbouni on 13 Feb 21
       
      With a system that relies mainly on cash transactions, the economy faces too many challenges that stops its growth and development. For instance, cash is hard to transport, coins and bills can easily be stolen, and their use makes dodging taxes and corruption easier.
  • IFC invested $6 million in Fawry in 2013 and helped guide founder Ashraf Sabry and his team as they built their business. Now the 12-year-old company handles 2.5 million transactions a day. In 2018 Fawry processed 40 billion Egyptian pounds (about $2.5 billion) in electronic payments. Earlier in 2019, Fawry became Egypt’s largest financial technology firm to list on the national stock exchange. It now employs 1,600 people.
    • samielbaqqali
      samielbaqqali on 13 Feb 21
       
      By providing online banking financial administrations that allow you to cover your bills, transfer cash, and access a record of your checking account transactions from your internet browser, Fawry makes the life of its clients less difficult. Banking from anywhere, at any time of day or night, makes it a little easier to do anything you do about your finances.
  • As the Fawry network grew, shop owners who installed the system saw significant benefits, too. Fawry’s terminals drew new customers into stores, providing the consumer traffic that is the lifeblood of small shops. Mahmoud El Rawy, a grocery store owner and father of three, can attest to that. His shop struggled until he installed a Fawry payment terminal. “Fawry has had a big impact on my business,” says El Rawy, who now owns three supermarkets. “It helped bring me more customers and it’s why many come to me now.”
  • chaimaa-rachid on 11 Feb 21
     
    Fawry is making the life of its customers less difficult by offering online banking financial administrations that empower you to cover your bills, move cash, and access a record of your checking account transactions from your internet browser. Banking from anywhere, at any time of the day or night, makes all what you do with your finances somewhat simpler.
  • ...1 more comment...
  • hichamachir on 12 Feb 21
     
    Fintech is providing a very fast business and customer are really satisfied with it. I think that fast service is the main objective of Fintechs.
  • hindelquarrouti on 13 Feb 21
     
    Fawri is helping Egyptians in handling their bills online rather than spending hours on this kind of processes if done traditionally.
  • mohammed_ab on 13 Feb 21
     
    It's interesting to see that Fawry has a positive impact on its customers but also its business partners like small show owners.
hibaerrai

AgroCenta: Empowering and supporting smallholder farmers through technology and innovat... - 0 views

stisolutions4sdgs.globalinnovationexchange.org/...farmers-through-technology-and

AgroCenta Agritech Fintech Ghana Africa Loans Agrotrade

shared by hibaerrai on 13 Feb 21 - No Cached
  • AgroCenta provides an end-to-end solution for smallholder farmers in the post-harvest value chain from farm to market, leveraging on technology to create impact. AgroCenta's services include a market linkage platform (AgroTrade) linking farmers directly to buyers and removing exploitative buying, TruckR which is an on-demand trucks and logistics services (uber for trucks), AgroPay which is a financial inclusion plaform for the rural unbanked smallholder farmer.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Agrotrade is a smart initiative and a great platform because farmers won't need to travel or have any contact with the buyer or seller, and in the time of Covid-19, it is beneficial.
mbellakbail69

Ghanaian agritech startup AgroCenta eyes expansion with Nigeria pilot - Ventureburn - 0 views

ventureburn.com/...a-looks-nigeria-expansion-2018

shared by mbellakbail69 on 13 Feb 21 - No Cached
  • Last year the startup clinched several accolades including the Environment and Green Energy category at the World Summit Awards, the Young Entrepreneurs Competition at the World Export Development Forum and the Africa Social Good category at Tech Crunch Startup Battlefield Africa. In addition, Seedstars World recently selected AgroCenta for its Seedstars Growth Programme, an investment arm of the Swiss organisation which provides high-growth startups with $50 000 as well as access to business advisory and marketing services. Based on this wide acclaim, this startup is clearly onto something.
    • mbellakbail69
      mbellakbail69 on 13 Feb 21
       
      AgroCenta is built around AgroTrad an online trading platform that links farmers to a larger organized market. A logistic on-demands solution, an information platform, and a mobile money service are also provided by the startup.
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