Browsing: Logistics

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In the East African powerhouse, agriculture insurance startup Pula Advisors was featured on the list for its innovation and impact in using technology to provide agriculture insurance to millions of smallholder farmers in emerging markets.

The firm which was founded in 2014 has used technology products through agriculture insurance and digital agronomy to advise and ensure many farmers adapt to an increasingly unpredictable climate.

“Farmers in emerging markets are the most hardworking citizens of the world yet the most likely to already feel the impact of climate change. The future is in farmers’ hands; they only need the appropriate technology and tools and then they can feed the world,” The firm’s CEO Thomas Njeru said.

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The cornerstone of a successful trade is the efficient distribution of goods from the source to all points of sale. As such, cultivating logistics and distribution channels is necessary for the successful implementation of the African Continental Free Trade Area (AfCFTA). 

The continent is made up of over 50 different countries whose levels of development vary vastly. Each country needs to seek its solutions locally, but governments need to come together to improve intra-African trade and cross-border co-operation.

 AfCFTA will undoubtedly be a breakthrough in reducing the cost of shipping in Africa and improving efficiency. The amount of time that will be spent on customs clearance is set to drop drastically.  Currently, it takes more than a week at one-border stops in some countries.