A World Bank program, the Global Index Insurance Facility, announced the top three winners of the Africa AgTech and Inclusive Insurance Challenge in March of 2022. A Debo Engineering and Melkam Technology joint venture tech startup, Omishtu-Joy took home the top prize of US$ 25,000. It is a business focusing on increasing crop productivity by measuring soil PH, NPK, moisture, humidity, and temperature level, supported by an AI system that matches crops to farmlands. Farmers Review Africa published that Omishtu-Joy currently works with over 5,000 farmers who use their device, and is now training an additional 4,300 farmers, with a target to onboard 18,000 more by the end of 2022.
The second and third place winners are Rural Farmers Hub from Nigeria and Agrotech+ from Kenya, who took a financial reward of US$ 15,000 and US$ 10,000, respectively.
The details can be found on Further Africa using the link below: https://furtherafrica.com/2022/03/11/world-bank-announces-winners-of-the-africa-agtech-inclusive-insurance-challenge-2022-in-africa/
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