Public Management

IFC partners with Microsoft 4Afrika to promote digital transformation in Africa's agribusiness sector

IFC partners with Microsoft 4Afrika to promote digital transformation in Africa's agribusiness sector
Tuesday, 03 August 2021 15:17

The International Finance Corporation (IFC), a member of the World Bank Group, today announced a partnership with Microsoft's 4Afrika initiative to make digital tools and training resources more accessible to small-scale farmers and agriculture-linked small businesses.

The partnership will include Microsoft's KuzaBot mobile chat platform which will be piloted among farmers in Kenya, Nigeria, Cote d'Ivoire, and Uganda. As per the release, the first pilots aim to support 50,000 farmers and more than 50 cooperatives.

"Now more than ever, we need to pay close attention to how agri-tech organizations transform digitally, what challenges they face acquiring new technologies, and the daily challenges they may be facing in the area of digital skills development. Microsoft 4Afrika's strategy is to invest in agri-tech to unlock Africa's vibrant potential, accelerating innovation in agri-tech to enable data-driven farming that can optimize yields, boost farm productivity and increase profitability - all while feeding a nation," said Kendi Nderitu, Country Manager for Microsoft Kenya.

Digital technology is one way to boost agricultural production and efficiency, reducing the impact caused by food insecurity in Africa. According to the 2021 Global Report on Food Crises released two months ago, acute food insecurity now affects more than 155 million people across 55 countries - Of the 10 countries with acute cases, six were in Africa. Africa remained the most affected by food crises as of last year, accounting for 63% of the total number of people in crisis globally. Ongoing conflicts, Poor weather conditions, and impacts caused by the pandemic will further worsen the situation as severe food insecurity globally is forecasted to rise from 20 million people in 2020 to 43 million people facing Crisis-level food insecurity in 2021.

Solange Che

 

On the same topic
32 Nigerian banks meet capital requirements ahead of March 31, 2026 deadline Banks raise 4.61 trillion naira, with 27% from foreign...
Visa says premium cards already widely adopted in Senegal Training aims to help banks better target and serve high-end clients Strategy focuses on...
71% of consumers say lending rates remain non-competitive across African markets. Over 54% of respondents cite a lack of transparency on interest...
Pilot to expand SME financing via crowdfunding Project introduces crowdlending, investing to address limited bank credit FOGEC to guarantee...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

First investor town hall since 2021 signals renewed engagement with markets Authorities hi...

Ghana restarts investor engagement as macro recovery firms after default
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.