THE AFRICAN POPULATION IS SET TO HIT AN UNSETTLING 2.5 BILLION BY 2050 AND EVERYONE HAS TO EAT.
According to World Bank, Agriculture is major business in Africa, it employs 65% of the continent’s labour force, and accounts for 32% of the gross domestic product (GDP). These stats right here automatically calls for attention. In spite of how impressive these stats are, the sector is plagued by a plethora problems such as lack of funding, inadequate government policies, terrible mode of transportation, insufficient expertise, large out flux of young people from the sector to something seemingly more lucrative.
Well I belong to the school of thought that says “in every problem, therein lies the holy grail”. Your business or innovation isn’t regarded as relevant much less disruptive if it doesn’t find a need and meet it head on. This therefore brings me to trend that forced my fingers to write this article – Agri Tech!
Technology has found an innovative way to support agriculture in Africa. At first we learnt about mechanized farming in school; how a farmer should employ the use of tractors and so on to upscale produce, no one saw what I like to call “online farming”.
Agri Tech companies help farmers secure funds, get innovative ideas to produce more and healthier crops, and more importantly connects them to their market – seamless connection between the farmer and the end consumer.
Buoyed by internet and mobile technology penetration in Africa, businesses like Farmcrowdy, FarmerLine, Verdant Agri Tech, First Direct Ng, Agro Data, Esoko, and many others have effectively disrupted the agricultural sector in Africa with innovative solutions.
People have to eat and it might just be a problem if Africa meets the 2.5 billion population forecast in 2050. So our best move is to solve tomorrow’s problem today and as such Software Farming is the way to go.
Say hello to Agri Tech – The future of food.