AGCO invests towards the expansion of the Future Farm training in Zambia

AGCO

AGCO Group has revealed plans for further development of the Future Farm project in Zambia. This was announced on 31 July 2019, at the 150ha farm outside Lusaka by Gary Collar, AGCO Senior Vice President and General Manager, Asia Pacific and Africa (APA) and the Future Farm Senior Manager, Kalongo Chitengi, during a groundbreaking ceremony attended by Her Royal Highness Senior Chieftainess Nkomeshya Mukamambo II; Chongwe District Commissioner, Mr. Robster Mwanza and Doreen Bailey, Political and Economic Section Chief at the US Embassy in Zambia.

Upgrades for Phase II will include the construction of student and staff accommodation with 24 rooms, communal amenities such as a canteen that sits over 80 people and an Insaka homestead – a traditional complex of grass gazebos with a central courtyard to encourage interactive learning. The second phase of the Future farm will also include upgrades to the existing road and farm infrastructure and digitizing the mechanization and agronomy training material to ensure that this knowledge is accessible even to farmers in remote parts of the continent.

Guests were welcomed by Nuradin Osman AGCO Vice President and General Manager, Africa who emphasized the significance of AGCO’s Africa strategy to empower the continent’s farmers as global Agri-preneurship shifts focus to see Africa as the answer to global agricultural expansion and food security. This is in line with AGCO’s vision for its business operations in Africa to develop and support a sustainable food production system, increase farm productivity by implementing modern farming techniques and develop a range of training courses for farmers, machine operators, and dealers.

“When we conceptualized the Future Farm, our aim was to be a catalyst in the development of a sustainable and prosperous agricultural industry across the continent, with innovative solutions built around the needs of African farmers,” explained Gary Collar. “To achieve this we are designing our solutions with Africa in mind and ensuring that we can support our products and customers, locally.”

While a project such as the Future Farm is committed to advancing African farmers to be owners of profitable agribusinesses, AGCO understands that the private sector cannot achieve a sustainable agricultural sector in Africa alone. There are other constraints slowing the speed of progress in Africa that need to be tackled in parallel with Governments.

“African Governments must look at agriculture beyond the development agenda, but rather as a profitable industry that can boost the region’s economy,” explained Nuradin Osman.

The Government of the Republic of Zambia has identified Agriculture as central to its job creation and poverty alleviation strategy as the sector employs over 70% of the population and contributes 19% of the country’s GDP. The government is engaged in projects aimed at increasing the volume and value of Agricultural outputs produced and sold – particularly by small-hold farmers.

“I am so pleased that this development is happening in my chiefdom, for which agriculture is the main occupation. The AGCO tractor hire service and training piloted in my chiefdom have shown how better crop yields can be achieved and have already been positive for some of the farmers,” noted her Royal Highness Senior Chieftainess Nkomeshya Mukamambo II.

The cutting edge training facility was first launched in 2015 with an initial investment of 9 million US dollars and is designed to demonstrate the value of mechanization and best agronomy practices for both small and large scale commercial farming operations.

 

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

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Africa’s youth see a future for Bitcoin beyond speculation

Paxful

Paxful is on a mission to increase access to the bitcoin economy for the people of Africa through education.

Seeing a significant growth in digital currency transactions on the African continent in recent years, driven largely by users under the age of 35, leading global peer-to-peer bitcoin marketplace, Paxful is on a mission to increase access to the bitcoin economy for the people of Africa through education.

AN AFRICAN VIEW ON PEER-TO-PEER FINANCE

Benjamin Onuoha, Africa’s Regional Consultant for Paxful (Paxful.com), addressed delegates at a Johannesburg event recently to share insights on the bitcoin and cryptocurrency economy as well as present use cases observed from Africa’s consumers.

He commented: “The people of Africa have been the most ingenious and resourceful of our users – they are redefining our understanding of the uses of bitcoin. The world has much to learn from Africa about the future of crypto-economy.”

BITCOIN USE CASES ON THE CONTINENT

Reflecting on Paxful’s experience in Africa and further afield, Onuoha added: “Three developments made the crypto-economy possible. First, the emergence of peer-to-peer electronic currency, bitcoin, that is powered by the blockchain technology. The second and arguably the most important miracle is the human layer, that connects everyone in the world making this peer-to-peer revolution powered by the people. And lastly, the third miracle is the sharing economy.”

Onuoha listed the following as true use cases for bitcoin: grey markets, speculation, payments, e-commerce, remittance, wealth preservation, and social good.

Paxful
 

“Historically, much of the news coverage about bitcoin has tracked speculative activity, where 90% of trading volume is currently centered. This toxic phase is in line with expected adoption trends as the crypto economy, still in its infancy, matures. The next focus point of the evolution is the end-user and their opportunity-laden journey in peer-to-peer finance. It’s about wealth generation – and giving people the means to do it.”

He noted that many young Africans see bitcoin as an opportunity to develop entrepreneurship ventures; users set up side-hustles and their own businesses – which include remittance, as well as import and export enterprises, amongst others.

Demonstrating how the cryptocurrency community can contribute to social good, Paxful recently completed the building of the second school in Rwanda, as part of the group’s strategic commitment to education. Through its #BuiltWithBitcoin initiative, the group is in pursuit to build 100 schools across the continent.

EDUCATION, EDUCATION, EDUCATION

With over 2,5 million users globally and Africa is the fastest-growing region, in 2018, Paxful disclosed it had seen a 200%+ increase in users in Africa over the previous 12 months. Paxful is observing a new generation of young African graduates and professionals making use of peer-to-peer finance as a way to better engage the global financial system.

Co-Founded by Egyptian entrepreneur Ray Youseff, who is passionate about empowering fellow African youth, Paxful is committed to reaching as many young people as possible to help them better understand the opportunities presented by the cryptocurrency economy. To this end, Paxful launched its first university education drive to expose youth to the true use cases of bitcoin, highlight how to avoid falling prey to bad actors in the crypto-space, and counter the over-emphasis on bitcoin speculation.

Launched at universities in South Africa and Kenya, the Paxful workshops provide key, practical insights, with each attendee also receiving free bitcoin to start them on their journey. Over 1000 youths have attended the events across SA/Kenya.

CHARITIES COULD BENEFIT FROM THE CRYPTO-ECONOMY

To date, Paxful’s #BuiltWithBitcoin initiative has raised over R3 million for charities across Africa and the Middle East. Paxful – has donated over 13,000 Rands worth of bitcoin to GROW with Educare Centres. The donation forms part of Paxful’s #BuiltWithBitcoin initiative and is its first South African charitable contribution.

As a non-profit organization, GROW with Educare Centres empowers qualified, passionate women to own and run successful high-quality Early Childhood Development (ECD) centers, such as daycares and pre-schools, in low-income communities using the principles of social enterprise and micro franchising. With reading being an integral part of the Educare programme, the donation from Paxful will be used to purchase books for their various centers’ mini-libraries.

The GROW with Educare Centres project was incubated by a partnership between The Clothing Bank and Grow Learning Company and currently has 31 ECD centers running across Cape Town, KwaZulu-Natal and Gauteng.

“This donation opens new opportunities for our organization to engage the crypto-community in charitable giving. An investment in Early Learning is one of the greatest investments you can make since one teacher influences a generation of learners. We hope that Paxful will inspire others to do the same,” says Helene Brand, Marketing and Fundraising Manager for GROW Educare Centres.

Paxful launched #BuiltWithBitcoin in 2017 to encourage the cryptocurrency sector to contribute funds for humanitarian projects.

 

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

Facebook: https://web.facebook.com/Afrikanheroes/