IFC and the new social Soros SEDF investing $1m in Ghana farmers

Market research Esoko Ghana

African farmers

African farmers

Soros Economic Development Fund (SEDF) is a nonprofit private foundation

sedfny.org

IFC, Fund invest $1.25m into Ghanaian firm to aid African farmers

Esoko, the company’s technology will give small holder African farmers and businesses timely crop information that can be shared via text messaging, enabling farmers to increase their incomes.

Explaining how the Esokos software works, the statement said it takes advantage of rapidly growing mobile-phone usage in Africa, adding, the technology allows farmers affordable and timely access to market information that can help them negotiate better prices and improve the timing of getting their crops to market.

source:ghanabusinessnews.com