Cellulant’s Agrikore—an agritech online marketplace for smallholder farmers, traders and all agricultural input, is tapping into Africa’s €5.3 billion emerging markets.
The Technical Centre for Agricultural and Rural Cooperation (CTA) and Dalberg Advisors report values Africa’s Agritech emerging market at €5.3 billion. The report tagged ‘The State of Digitalisation of Agriculture in Africa 2019’, identified the Agrikore solution as a key example of how digital tools can be utilized to solve challenges of attracting and retaining buyers and sellers in the agricultural ecosystem.
The Agric market in Africa, according to the report is estimated to grow by $1 trillion in 2030. The market is a major catalyst for sustainable development in Africa. As it enhances food security, plays a part in poverty reduction and the overall growth of Africa’s economy.
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Bolaji Akinboro, Cellulant’s co-CEO said technology is the heart of transformation in Africa, which when utilized properly around the supply and demand chain, will solve Africa’s food crisis.
He said the company is scaling up their existing payment products in the agriculture sector. This will allow them access to increase payments for millions of farmers who are yet unbanked and to carry out a financial inclusion revolution.
The report revealed that Cellulant is among the 390 active Digitalization for Agriculture (D4Ag) solution providers. They work across Africa with the potential to sustainably support agricultural transformation.
Cellulant’s Agrikore solution leverages technology to connect stakeholders across the agricultural value chain from the input level (farmers, agro-dealers, financial institutions, governments, development partners ) to the production level.
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