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Browsing: smart agriculture
- Africa’s food and agriculture market could reach $1 trillion in 2030 from $280 billion in 2023, with over $60 billion spent on food imports yearly.
- Access to credit poses a significant barrier to private sector investment in Africa’s agriculture sector
- Food and Agriculture Organization (FAO) highlights that around 30 to 40 per cent of food produced in Africa is lost before it reaches consumers.
Africa is a sleeping giant, at least from the agricultural sector. The region’s food and agriculture market could reach $1 trillion from $280 billion in 2023, with over $60 billion spent on food imports yearly.
The numbers in the latter are self-explanatory agriculture in Africa is not only a staple economic activity for most of the population but the region at large.
However, the sector is faced with both promising leads of growth but, at the same time, hurdles, including lack of proper funding leading to …
Insurance provides farm income stability by compensating the losses to the farmers in a timely and efficient manner. It ensures that the farmer is kept on the farm doing what they know and loves best, farming, thereby contributing to food security.
The majority of the farming community in Africa generally operates on thin margins. Most do not have title to land or any bankable assets that they can use as collateral to access finance for the much-needed inputs. By using the insurance policy as collateral, the farmers can access the finance they need, source the right inputs on time and be more productive per unit area, thereby contributing to the food security of their country, apart from also creating their own margins.
The National Bank of Commerce (NBC) in Tanzania have an Agricultural Insurance product in collaboration with Jubilee Insurance Company, aimed at protecting farmers, fishermen, and livestock keepers in …
Smartphone adoption in Africa remained sluggish in the latter part of the last decade. This is beginning to change as a combination of pandemic-driven demand for better connectivity and improved affordability of smartphones drive uptake.
According to a report by GSAM, by the end of 2020, 495 million people subscribed to mobile services in Africa, representing 46 per cent of the region’s population, an increase of almost 20 million in 2019. It is estimated that 615 million people in sub-Saharan Africa will subscribe to mobile services by 2025, equivalent to 50 per cent of the region’s population.
- Utilizing the development of mobile digital technologies can assist farmers in gaining access to essential data and information needed to solve certain farming management systems and underlying constraints.
- It is estimated that 615 million people in sub-Saharan Africa will subscribe to mobile services by 2025, equivalent to 50 per cent of the
