Mobile payments solutions & digital commerce services firm Cellulant, is extending its eWallet solution to Liberian farmers to help transform the country’s agricultural sector for good.
Working in partnership with AfDB and the governement of Libera, Cellulant will within the next six months develop an innovative farmer e-registration platform to link farmers and agro-dealers to agricultural inputs supply chain, finance and market places.
“We are excited to be partnering with the Government of Liberia and the African Development bank. This collaboration will provide a solution to millions of Africans who depend on the agriculture sector for their livelihoods,” said Ken Njoroge & Bolaji Akinboro, Co-founders of Cellulant. “We believe that the digital revolution in Africa supports an outside the box thinking that can build infrastructure on payments and easy access to services that can be scaled with speed.”
The system will form a critical component of the Liberia Agricultural Transformation Agenda (LATA) and has been proven in Nigeria where 14.5million farmers and 2500 agribusiness use it.
The eWallet is a tool that has shown and continues to show great promise as the key driver of inclusive growth in Africa. The e-Wallet is essentially expected to expand farmers access to financial services, agricultural inputs, e-extension and markets in the agricultural sector to smallholder farmers via their mobile phones.
Cellulant will bring together and connect small holder farmers, map geographical and financial institutions and all the relevant stakeholders. Thereafter, the system will be able to deliver agro-inputs to farmers while building capacity for both the farmers, the government and other stakeholders to maintain the system. Before the next planting season is over, 150,000 Liberian farmers will be registered into the ecosystem.
Speaking about the Agriculture Transformation Agenda in October 2015, Dr. Akinwumi A. Adesina, president of the AfDB,said; “We at the African Development Bank have a clear vision and an ambitious agenda. We are ready to move Africa to the top of the Agriculture value chain; technology is one of the key enablers that will get us there fast and cost effectively. Partnerships with like-minded technology companies on the continent are instrumental to achieving our vision and agenda.”
Comprising of farmers, mobile networks, financial services providers, market and trading networks and mobile payment systems, the system will integrate into third party databases for cross-referencing and monitoring purposes. It will also track farmers’ activities and as a result will help address livelihood and business risks by linking them to service providers along the value chain in order to achieve higher economic returns to land, labor, capital and ecosystem service investments.
Through an international procurement exercise, Cellulant, headquartered in Nairobi, won the contract beating 17 global companies that were bidding in 2015.