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Crowdinvesting marketplace for farmers in Africa

Published by

Global-Innovation

Global-Innovation Exchange

Project start date: 5/20/2020

Crowdinvesting marketplace for farmers in Africa

Africa

AfroGreenTechFarm is a digital marketplace that offers financial services, risk insurance, and ensures the traceability of the agricultural ecosystem for food security. The platform facilitates online delivery of fruits and vegetables to consumers, promoting better social distancing and reducing the spread of COVID-19.

Proof of Concept

1 - 6 months

$15,778.00

Last update: October 05, 2023

OverviewContributors

Challenge

The income of more than 75% of African households relies on agriculture. However, low financial inclusion, lack of market information, post-harvest losses, and climatic crises increase farmers' vulnerability. Additionally, small and medium-sized food companies struggle to sell across borders due to a lack of supply chain traceability. These issues highlight significant weaknesses in Africa's agricultural industry, particularly concerning reliable data.

Description

We have developed a digital marketplace that connects farmers with financial and insurance services, as well as the broader agricultural ecosystem. Our platform uses artificial intelligence to analyze farmers’ resources, market information, and anticipated needs to guide investment decisions. Additionally, blockchain technology is employed to create smart contracts among agricultural industry players. This ensures better service delivery and traceability within the agricultural value chain.

SDGs

Industry, Innovation and InfrastructureDecent Work and Economic Growth

Outcomes

1. Enhanced financial inclusion for farmers 2. Improved traceability in the agriculture supply chain 3. Reduced COVID-19 spread through online delivery services 4. Empowerment of local communities through ambassador programs