IFC and the new social Soros SEDF investing $1m in Ghana farmers
Post date: Nov 25, 2010 12:20:17 PM
Market research Esoko Ghana
African farmers
http://blog.esoko.com/2010/10/andrew-kpeleku-enumeration-manager.html
The International Finance Corporation (IFC), a member of the World Bank Group, and the Soros Economic Development Fund (SEDF), have both invested $1.25 million of equity into Esoko, a Ghanaian technology firm, to assist African farmers increase their incomes.
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