twitter RSS Feed linkedin acp contact

Dahabshiil invests in agriculture and emergency power start-ups

Dahabshiil has provided seed capital to two innovative start-ups founded by young entrepreneurs in Uganda as part of a programme co-sponsored by the US Embassy in Kampala

Bill Smith flickr lightbulbDahabshiil’s support will help the young entrepreneurs use their business ideas to power economic change. (Image Source: Bill Smith/Flickr)

Dahabshiil has invested in GSM-based agriculture market solution, MoBFIT (mobile business financial information tool), which allows farmers to pre-sell their produce to buyers before harvest. MoBFIT is an agricultural supply chain management software that will directly connect rural farmers to buyers in the market at a low cost through SMS technology. It aims to broaden the market for grassroot farmers, reduce the cost of marketing farm produce and the dependence on middlemen.

Yaka Ko, an emergency power credit service to help clients enjoy uninterrupted power usage, is another initiative that Dahabshiil has invested in.

These initiatives were presented in an event conducted by a social-impact organisation, Affinis Labs, co-sponsored by the US Embassy in Kampala. Titled ‘Hackathon’, the event brought together young social entrepreneurs and had six teams compete in an intense race-against-the-clock to develop business propositions to meet key market needs and create jobs. Affinis Labs managing partner Quintan Wiktorowicz said, “The event was designed to unlock talent, creativity and innovation amongst Ugandan youths in order to help create jobs and reduce unemployment.”

Dahabshiil CEO Abdirashid Duale said, “Both MoBFIT and Yaka Ko, alongside many of the other business ideas presented at the Hackathon, are an incredible demonstration of the power of young people to drive social and economic change.”

In addition, local startup incubator GoBigHub has offered free mentoring to all of the hackathon participants through its partners Bytelex, Azems Value Add, and Strategy Consults, thereby ensuring that all the teams receive support to turn their business ideas to reality.


LATEST NEWS IN Agriculture

Nature-based solutions help farmers in Ghana

Nature-based solutions help farmers in G…

Organic pesticides, waste-based fertilisers and forest regeneration are just a few of the green initiatives being employed in Ghana to boost farming communities’ resilience to the impacts of climate...

Boosting soil nutrient mapping in sub-Saharan Africa

Boosting soil nutrient mapping in sub-Sa…

The Food and Agriculture Organization of the United Nations (FAO) is set to fast track an impact-oriented project in sub-Saharan Africa and Central America for digital soil nutrient mapping, after...

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

World Sustainability Organization chooses Zambia as the first African Sustainability Hub

World Sustainability Organization choose…

The World Sustainability Organization and Foundation (WSO&F) has signed a Memorandum of Understanding (MoU) with the Zambian Government, to make Zambia the African Sustainability Hub 

Rallying call to improve African and global cotton production

Rallying call to improve African and glo…

As the business of cotton production continues to attract global attention, there are concerns about how sustainable the practice of growing, harvesting, and production will be, especially for lower income...

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Prev Next

OTHER RELATED ARTICLES - Agriculture

Economist urges Zimbabwe authorities to adopt GM cotton seeds

Economist urges Zimbabwe authorities to …

Zimbabwe's cotton crop prices are expected to take another fall in the 2014 harvest after having cut by more than half in 2013, according to renowned economist John Robertson

Moody's affirms Côte d'Ivoire's rating on fiscal policies, lower cocoa dependence

Moody's affirms Côte d'Ivoire's rating o…

Moody's on Tuesday affirmed Côte d'Ivoire's sovereign rating citing the economy's diversification from cocoa and the government's fiscal policies

AfDB approves Nigeria’s US$650 million loan request for agriculture development

AfDB approves Nigeria’s US$650 million l…

Nigeria is set to receive a loan of US$650mn from the Africa Development Bank (AfDB) to assist small- and medium-scale enterprises in the agriculture value chain

EU-funded Afikepo project improves nutrition in Malawi

EU-funded Afikepo project improves nutri…

European Union-funded Afikepo nutrition sensitive agriculture project has been being implemented in Malawi to increase and diversify dietary intake of safe and nutritious foods, and achieve optimal nutrition for women...

Bayer CropScience aiding agricultural productivity of African farmers

Bayer CropScience aiding agricultural pr…

Bayer CropScience has been working with small farmers in Africa to increase agricultural productivity through modern technologies, according to Christian Asboth, the company’s senior vice president for Africa, Middle East...

Kenya receives second batch of fertiliser

Kenya receives second batch of fertilise…

The second delivery of 64,000mt of fertiliser to be distributed to small-scale farmers across Kenya has arrived in Mombasa

Tropics susceptible to soil erosion: International study

Tropics susceptible to soil erosion: Int…

Regions located in the tropical climate zones suffer the greatest rainfall-related soil erosion, according to a study published in Scientific Reports, an online open access scientific mega journal

New invention brings out the potential of Ghanaian almond

New invention brings out the potential o…

A machine to crush and extract oil from nuts of tropical almond has been designed in Ghana, which might transform the crop into a leading non-traditional export commodity

Ensuring Africa's food security through AfDB's Sustainable Development Goals

Ensuring Africa's food security through …

The African Development Bank’s (AfDB) High 5 priority areas are set to support the continent's achievement of the Sustainable Development Goals (SDGs), with a major focus on 'Feed Africa' and...

FCTA plan to boost Nigerian potato farming

FCTA plan to boost Nigerian potato farmi…

Nigeria’s Federal Capital Territory (FCT) has attempted to enhance food security and employment numbers for the region’s potato farmers, according the FCT Administration (FCTA) secretary for agriculture and rural development...

Heavy rainfall affecting agriculture activities in northern Ghana: Study

Heavy rainfall affecting agriculture act…

A study conducted by WaterAid Ghana, a water and sanitation focused organisation, has revealed that erratic and increasing volumes of rainfall caused by climate change is adversely affecting agriculture production in Northern...

Vertical farming set to improve yield quality

Vertical farming set to improve yield qu…

Vertical farming is getting popular across the globe as it is set to overcome the traditional complex supply chain system of the produce and improving the yield quality

Prev Next