Browsing: Agritech West Africa

Microsoft&OCP-Africa

Microsoft partners with OCP Africa to boost Africa’s Agritech Industry

Tech & Business
  • This partnership will allow OCP Africa scale its Digital Agriculture Platform.
  • In 2021, Agriculture accounted for 17.2% of Africa’s total revenue.
  • Smallholder farmers estimate a loss of at least 15% of their entire yield during the food production process.

Microsoft has announced its partnership with OCP Africa through its Africa Transformation Office to improve Africa’s food security and Agritech at the 5th United Nations Conference on the Least Developed Countries. The partnership will assist smallholder farmers increase agricultural production through Agritech.

OCP Africa is an agricultural company that supplies fertilizer solutions adapted to local conditions. The company has built a reputation with its initiative to support small-scale farmers within the continents. 

With Africa’s recent technological investments, more industries are incorporating technology to increase efficiency, boost performance and prevent any damage. Agritech is one of the few revolutionary concepts Africa has eagerly adopted over the past decade. This new collaboration will …

The Economic Community of West African States (ECOWAS) boasts of some of Africa's largest economies with Nigeria oil economy leading the bloc. Photo/BusinessTrumpetNews

ECOWAS confident of positive economic prospects in 2023 despite global outlook

Regional Markets

The Economic Community of West African States (ECOWAS) boasts of some of Africa's largest economies, but like many economies of the world, the 15 member states of ECOWAS are facing both endemic and global challenges that could undermine the region’s economic growth in in 2023.

While two years ago in 2020, before the global pandemic struck, a majority of ECOWAS countries were enjoying the commodity boom with the region’s three of its largest economies - Nigeria, Ghana, and Côte d’Ivoire - accounting for one-fourth of Africa’s GDP.

Unfortunately, short of a change in the global economic projection, it will be a challenge for these West African countries to replicate the pre-pandemic growth. The global economic forecast paints a depressed economy in2023 and at best sluggish growth for more diversified economies, spilling over from the after math of the pandemic, the ongoing Russia-Ukraine war and widespread inflation.  

A global analysis released

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Ghana hosts largest agricultural exhibition. www.theexchange.africa

Ghana hosts largest agricultural exhibition in West Africa

Agribusiness

Thomas James, Agritech West Africa’s project director, said that the rising demand for food and the targeted food growth in Ghana and West Africa requires innovation and mechanization in agriculture patterns. This could be done by adopting new and modern agriculture technologies, machines, crop care practices, irrigation, warehousing and storage facilities.

Ghana has invested heavily in mechanisation in agriculture, importing Tractors, Spares, Implements, Agrochemicals and Irrigation setups worth US$1 billion. Annually, Ghana imports over 10,000 tractors and their associated implements and parts.

The seminars, pre-fixed meetings and conferences in the exhibition will help Ghanaian and West African agriculture-based companies an opportunity to network with manufacturers and suppliers from across the globe.…