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
Move ends 20-year wait, aims to boost banking access in under-served market Chad’s banking rate at 2.85%, well below CEMAC average of...
Kenya plans to issue $1.3B in sovereign bonds to clear infrastructure arrears Funds to repay short-term loan, ease fiscal strain from stalled...
IFC reviewing €7.5M loan for Catramp’s regional logistics expansion in Central Africa Project to boost warehouse capacity in Cameroon, Chad, and...
The Central Bank of Guinea plans a payment system modeled on Kenya’s M-Pesa. The initiative aims to reduce reliance on cash and expand digital...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Nigeria firmly rejected President Trump's threat to send troops to "protect persecuted Christians,...

Nigeria Pushes Back Against Trump’s Threat to Send US Troops
04

Africa is projected to supply up to 9% of the global rare earths market thanks to announced mines, p...

U.S. Stays Course on African Rare Earths, Despite China Deal
05

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...

Ghana Moves to Rein In $8.4 Billion Energy Debt with Stronger Regulation
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.