Farmcrowdy Group (FCG), has launched a new subsidiary, Farmgate Africa, a technology-driven agro-trading market place for agriculture commodities in Africa.
Led by Kenneth Obiajulu, Co-Founder & Managing Director, Farmgate Africa (FGA) is bridging the gap between rural farmers and processors. Buyers have the opportunity to purchase commodities directly from farming clusters through technology.
The Farmgate Africa platform serves to build relationships between local farmers and major processors, aggregating commodities while paying attention to the unique specifications of the buyers. The system allows everyday Nigerians fund the process of buying and selling what farmers have already harvested. This will give every farmer that has produced high-quality farm produce, the opportunity to sell to major buyers through Farmgate Africa’s portal.
Obiajulu says, “Our business model is one that brings the farmers closer to the processors by eliminating several layers of intermediaries. By doing this, Farmgate optimizes market access to African farmers and also improves their income by at least 30%.”
Onyeka Akumah, Founder and CEO of Farmcrowdy Group says, “Launching Farmgate Africa gives us huge joy with the expectations placed on us to continue to innovate and build new solutions driven by technology to finance agriculture. We have received a lot of feedback from farmers and major agro buyers who need to fund market access to agro-commodities but are constantly held back because the market place is unstructured. Farmgate Africa is our response to this need.”