Business in Ghana

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Archive for November 22nd, 2010

African Farmers Get Boost from IFC, Soros Economic Development Fund and Esoko

Posted by Business in Ghana on November 22, 2010

IFC, a member of the World Bank Group, and the Soros Economic Development Fund have both invested $1.25 million of equity into Esoko, a Ghanaian technology firm. The investment in Esoko will give small holder African farmers and businesses timely crop information that can be shared via text messaging, enabling farmers to increase their incomes.

Esoko_s software takes advantage of rapidly growing mobile-phone usage in Africa.  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. Read the rest of this entry »

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