In a talent show style, ten presenters showcased brilliant ideas that have been turned into innovative solutions to address community needs across Africa. The ten were chosen from among hundreds of proposals to compete during the AgriPitch segment at the end of the African Youth Agripreneurs Forum, held in Ibadan, Nigeria, from 25-26 April 2017.
While natural resources are richly abundant in Africa, technology and capital are not. Naturally, the majority of the ideas presented center around how to circumvent these two major hurdles.
Ghanaian Kwame Ababio of Green Afro-Palms found a way to make technology more available and more affordable to traditional oil palm farmers in Ghana. By scaling down the 100,000 US dollar technology farmers need to process their produce to about 40,000 US dollar for a functionally similar technology. But because 40,000 US dollars is still a high cost for local Ghanaian farmers, Green AfroPalms devised a revenue integration model whereby technology is rented to farmers along with marketing assistance. The farmers then pay the company back from their profits. The company’s revenues currently stand at 100,000 US dollars with expansion plans to include Nigeria, Liberia and beyond. The aim is to make 1 million US dollars in the next three years.