News / Africa

Fledgling Agri-Business Entrepreneurs Show Off Goods

FILE - A farmer harvests wheat on a field in the El-Menoufia governorate, north of Cairo, Egypt.
FILE - A farmer harvests wheat on a field in the El-Menoufia governorate, north of Cairo, Egypt.
TEXT SIZE - +
Nick Long
— An agricultural business conference in Kigali has allowed a half-dozen fledgling entrepreneurs the opportunity to discuss innovations designed to improve incomes for farmers.
 
After developing their respective products via World Bank-sponsored "agri-business incubators" based in six African countries, many of the young professionals hope to launch companies of their own one day.
 
Karupan Chetty of the International Crops Research Institute says each of incubator belongs to a network called Unibrain, and each is a partner academics and businesses to aid the process of sustainable economic growth.
 
"Each entity which is being created has a multi-partnership in terms of [a] research institution, a university and a particular agri-business organization of that particular country," Chetty said.
 
The young entrepreneurs made new products out of coffee, banana, sorghum, mango and pineapple, and the winning contestant, Denis Kasule of Uganda, produced a pineapple juice drink.
 
Started in 2010 with a $25 loan from a friend, Kasule says his business totaled $7,200 in sales last year.
 
"I started in a kitchen and today I have a market share of 0.0005 percent, and I am aiming for 99.998 percent market share in Uganda," he said.
 
According to development research conducted by the World Bank, each new job in agro-processing leads to the creation of nearly three additional jobs and contributes to so-called "green growth," environmentally friendly economic expansion.
 
Kasule says his product complies with the program's ecological criteria by using pineapple peel waste from his processing method to make an enzyme that can be used to tenderize meat, which helps reduce cooking time, thereby lowering the amount of charcoal used and minimizing deforestation.
 
While World Bank consultant Judge Steve Giddings says African business incubators, initially founded some 10 years ago, are now starting to bear fruits of commerce and enterprise, more data is needed from the innovators.
 
Some, he say, submit little or no financial information about their businesses.
 
"It is increasing," Giddings said. "It is looking way more positive than it did five years ago, but even that said, I think we are not collecting enough information to really make the case for incubation."
 
Last year World Bank researchers released a study which looked at three agri-business incubators that had been operating in Africa for about 10 to 15 years, and found that one in Mozambique had "graduated" — that is, helped in creation of some 400 companies.
 
Another in Uganda, however, had not graduated any, and a third in South Africa had several hundred clients, but the report did not say how many successful businesses it had launched.
 
Those representing the World Bank’s agri-business innovation programs have said they will focus more on established small businesses than on start-ups.
 
Ralph Von Kauffman, a former Unibrain coordinator said some organizations have found that incubating agri-business startups is difficult, and that even California’s Silicon Valley sees less than one in ten start-ups succeed.
 
But, he added, there are great opportunities if university brains can be applied to agri-business community, and Unibrain is helping academics and firms to work together in a way they have not done before.

You May Like

Analysts Warn of Regional Proxy Conflict in Afghanistan

Analysts warn if Kabul’s neighbors do not start to cooperate, competing desires for influence could deteriorate into a bloody proxy war in the country More

Saudi Intelligence Chief Replaced

Bandar bin Sultan came under criticism for supporting al Qaida, prompting King Abdallah to wrest Syria operations away from him in February, handing them to Interior Minister Prince Mohammed bin Nayef More

Poetry Magazine editor Don Share talks what makes a good poem with VOA's David Byrd

What makes a good poem? And is poetry as viable an art form as it once was? To find out, VOA's David Byrd spoke to Don Share, the editor of Poetry Magazine. More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid