As an agribusiness owner in Africa, GADC founder Bruce Robertson has grown weary of the silver bullet solutions proposed for transforming rural economies. In 22 years in Uganda, he has yet to see a quick fix. But private enterprise has enormous potential to improve rural lives when donors and businesses collaborate, he says, explaining GADC's "replicable model with huge potential for expansion."
More smallholder farmers are using digital tools to access funds to improve their farms. But with a whopping US $200 billion gap in financing, many cannot access the financing they need to invest in things like seeds, fertilizers and irrigation technologies to increase production and improve their livelihoods. Mikael L. Clason Höök and Malia Bachesta of the RAF Learning Lab highlight several innovative fintech companies that are addressing barriers faced by smallholder farmers.
The Alliance for a Green Revolution in Africa (AGRA) has entered into a partnership with KCB Group to facilitate the implementation of a platform that enables smallholder farmers across the East African region access credit and training.
- Sub-Saharan Africa