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Pitch AgriHack 2022 Announces Winners

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Pitch AgriHack

Six youth technology innovators in Africa’s agriculture and food sectors win cash prizes in Pitch AgriHack 2022

KIGALI, Rwanda, September 12, 2022/APO Group/ — 

African agritech innovators from all four corners of the continent claimed victory in the 8th edition of Pitch AgriHack. The 2022 competition saw a 30% increase in completed applications with entries rolling in from 37 African countries. Representing Egypt and Tunisia in the north, Zimbabwe in the south, Ghana and Nigeria in the west, and Kenya in the east, six youth-led agribusinesses have been awarded their share of US$45,000 to invest in the growth of their ventures.

The winners had a chance to present their businesses to delegates at the African Green Revolution Forum (AGRF) where they participated in Africa’s biggest agribusiness match-making platform, the AGRF Agribusiness Dealroom (https://bit.ly/3eJahk2). Over 800 companies, 15 government delegations and 150 public and private investors convened at the Dealroom to generate exciting new opportunities. “Pitch AgriHack is about creating impact through investment in the young agritech entrepreneurs of Africa.” said Mumbi Maina, Agribusiness Dealroom Lead at AGRA. “Beyond the prize money, we seek to catalyse relationships between our finalists and future collaborators and investors. These are the relationships that will revolutionise the food system.

Competing in three open competition categories – Early-stage, Mature- or Growth-stage, and Women-led – the Pitch AgriHack winners and runners-up were allocated cash prizes of $10,000 and $5,000 respectively. A fourth invite-only category known as the AYuTe Africa Challenge (https://bit.ly/3DfWcoH), an initiative of Heifer International, will award grants up to US$1.5 million later this year to scalable ventures that are already generating measurable impact for Africa’s smallholder farmers.

In 2022, the AYuTe Africa Challenge is expanding its role as an African agritech accelerator. New national competitions in Ethiopia, Kenya, Nigeria, Rwanda, Senegal and Uganda are offering young innovators a chance to secure the funding and visibility to scale their ideas and ambitions.

For the second year running, Heifer International, the AGRF, and Generation Africa worked together to realize this popular technology competition. “We at Heifer International believe that youth and innovation are the driving force toward transforming the food and farming sector in Africa,” said Adesuwa Ifedi, Senior Vice President for Africa Programs at Heifer InternationalLeveraging technology, youth have the potential to unlock economic growth, create job opportunities for millions and empower smallholder farmers into self-reliance. We are excited for the future of Africa’s agriculture and the role innovators like these play in shaping it”.

Automated crop disease detectors, agri-fintech solutions for smallholder farmers, digitizing of community seed banks, and market linkages combined with climate-smart training and satellite yield mapping are only a few of the ideas that came out of this year’s Pitch AgriHack competition. These African agritech innovators are building more comprehensive solutions to solve problems for smallholder farmers.

The Pitch AgriHack 2022 Winners are:

Early-Stage Winners:

Winner: Imen Hbiri of RoboCare in Tunisia.

Robocare’s patented multispectral disease detector is minimizing pesticides and boosting efficiency by helping greenhouse farmers in Tunisia catch and treat infections long before human eyes can even see it https://www.RoboCare.tn/

Runner-up: Donald Mudenge of Mbeu Yedu in Zimbabwe.

Mbeu Yedu understands that seeds are currency. Their platform digitizes Community Seed Banks to give smallholder farmers access to greater seed-varieties, accurate planting information, agri-fintech products, value-added services, and buyers https://MbeuYedu.com/

Mature and Growth-Stage Winners:

Pitch AgriHack is about creating impact through investment in the young agritech entrepreneurs of Africa

Winner: Hamis El Gabry of Mozare3 in Egypt.

Mozare3 is an agri-fintech company that connects small farmers in Egypt to the agriculture supply chain. Their model combines contract farming, agronomic support, financing and market access to increase yields and income https://www.Mozare3.net/

Runner-up: Allan Coredo of FarmIT in Kenya.

FarmIT innovatively combines crop mapping and market linkages to help Kenya’s vegetable farmers. They use satellite imaging, analytics, and AI to provide simplified agronomic advice, and link farmers confidently with big buyers with accurate yields predictions https://Farmit.co.ke/

Women-led Agribusiness Winners:

Winner: Esther Kimani of Farmer LifeLine Technologies in Kenya.

Farmer LifeLine helps Kenyan farmers to get ahead of pests and pathogens with a proprietary disease detection device that leverages solar-powered cameras, Artificial Intelligence, Data Analytics, and Machine Learning. http://www.FarmerLifeLine.co.ke

Runner-up: Anaporka Adazabra of Farmio in Ghana.

With their Smart Greenhouse package, Farmio guarantees a 120% increase in productivity for Ghana’s farmers. Their SuperApp connects growers with investors, buyers, consumers, agri-experts, and service providers. http://www.Farmiogh.com

The achievements of the Pitch AgriHack winners were recognised at a Winners Showcase and Innovators Discussion Panel at the AGRF Summit. “Africa’s youth are bursting with ideas. They are hustling hard to turn dreams of stability and prosperity into a reality for themselves and their communities. For many of them it feels like the chance they need is just beyond reach. All they need is a friend to help them take a step towards self-sufficiency,” said Amanda Namayi, GoGettaz Lead at Generation Africa during the event.

“Our goal is to catalyse impact,” said Dickson Naftali, Head of Generation Africa at the Pitch AgriHack Winners Showcase and Innovators Panel at the AGRF Summit. “All of the people on stage today are making the business of farming easier, more productive, and more predictable for smallholder farmers. They are the front line in our food systems revolution.”    

Of the businesses applying for Pitch AgriHack, 20% are mature- or growth-stage businesses and almost 80% are early-stage startups. This is partly due to the youth demographic of the competition. Looking, however, at other research sources, as discussed in the 2022 Generation Africa Call to Action (https://bit.ly/3BvNDVt) released prior to the AGRF Summit, it is evident that there is a need for more financing and investment options for early-stage startups in Africa’s agriculture space. Many of the agritech innovators who reached the Pitch AgriHack finals have identified this problem and have financing options built into their offerings.

From the various Generation Africa programs, it is evident that Africa’s biggest economy, Nigeria, also has the largest number of activated youths pursuing opportunities in the agriculture sector. Forty-four percent (44%) of the entries for Pitch AgriHack come from Nigerian entrepreneurs. Other top countries applying for the competition were Africa’s tech-trendsetter Kenya, followed by Uganda, Ghana, and Rwanda.

Pitch AgriHack was fortunate to welcome back three veteran judges from the previous panel:

They were joined by new additions:

Distributed by APO Group on behalf of AgriHouse Foundation.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

Distributed by APO Group on behalf of Energy Capital & Power.

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