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
Cameroon inflation averages 3.1% in year to January 2026 Food prices up 6.6%, but fall 1.9% in January IMF sees inflation easing to 2.9% in...
Study finds nearly 80% of respondents in both markets already hold stablecoins Users cite faster, cheaper payments as digital dollars gain traction...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors with yields of 8.1% and 8.95% to smooth...
Standard Chartered Zambia raised its capital to 520 million kwachas (about $27.5 million) through a bonus share issue, without raising new...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...

Morocco: Safran Announces $305 Million Investment to Build One of the World's Largest Landing Gear Plants
04

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
05

South Africa will remove transmission control from Eskom and create a separate public grid operato...

South Africa accelerates Eskom reform to ease crisis and attract capital
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.