Mercy Corps to Host 8th AgriFin Learning Event, Aims to Drive Innovation and Growth in Digital Agriculture

Mercy Corps AgriFin is gearing up to host its 8th Annual Learning Event (ALE) on October 15-16, 2024, in Nairobi, Kenya. Under the theme “Enabling Rural Economies: Creating Lasting Impact for the Digital Ecosystem in Africa,” this year’s event will attract over 400 participants from various sectors in the digital agriculture landscape, including digital farmer service providers, government representatives, policymakers, investors, and donors. The two-day event will focus on addressing the numerous challenges and vast opportunities that exist in the rapidly growing world of AgTech, FinTech, and climate-smart agricultural solutions across Africa.

A Collaborative Approach to Digital Agriculture

Hosted in collaboration with key partners such as FSD Tanzania, Climate Policy Initiative (CPI), FSD Kenya, The World Bank, Farm to Market Alliance, SPARC, IDH, IDEO, and AICCRA, the 2024 AgriFin Learning Event emphasizes the importance of collective action to accelerate the growth of Africa’s digital agricultural sector. These partnerships reflect the understanding that driving sustainable development in African agriculture requires the involvement of diverse stakeholders, each bringing their unique expertise and resources to the table.

Mercy Corps AgriFin and its partners have embraced the task of supporting the development of African AgTech, FinTech, and climate-smart digital agricultural services for several years. These services are vital for improving the livelihoods of small-scale producers and strengthening rural economies across the continent. Despite the progress made, many startups and investors in the sector have faced unprecedented challenges in recent years, particularly those working to enhance the livelihoods of small-scale farmers and strengthen rural economies through technology-driven solutions.

The Urgency of the Moment

Africa’s agriculture sector is at a crucial juncture. While technology startups have made notable advancements, they have also encountered significant roadblocks—economic instability, infrastructure deficits, and regulatory challenges being chief among them. These hurdles are particularly acute for smallholder farmers and the organizations that serve them, which have struggled to leverage digital tools and data to drive productivity and profitability.

Against this backdrop, the 2024 AgriFin Learning Event offers an important opportunity for stakeholders to reflect, assess progress, and chart new paths forward. As the digital agriculture landscape in Africa continues to evolve, there is a growing recognition of the need for deeper discussions on creating sustainable, scalable solutions that can make a lasting impact. This year’s ALE will provide a platform for these discussions, bringing together CEOs, practitioners, smallholder farmers, and other key players in the digital agriculture ecosystem to explore the current state of the sector, the challenges it faces, and the opportunities that lie ahead.

Key Themes and Discussions

The 2024 AgriFin Learning Event will address several critical issues that are expected to shape the future of digital agricultural transformation in Africa. These discussions will focus on the state and maturity of digital agricultural tools, the role of partnerships in scaling innovations, and the regulatory enablers and barriers that affect the growth of digital agriculture startups.

One of the key themes will be the role of public sector data in supporting small-scale producers. Across Africa, government data sets have the potential to unlock significant value for farmers by providing access to vital information and services, including digital financial tools. By leveraging public sector data, farmers can gain insights into market conditions, weather patterns, and pricing trends, enabling them to make better decisions and improve their yields. However, accessing and utilizing this data remains a challenge due to a lack of coordination between public and private entities, regulatory hurdles, and limited infrastructure.

Advanced technologies such as artificial intelligence (AI) and alternative data will also be a central focus of the event. AI has the potential to revolutionize agriculture in Africa by providing farmers with predictive insights, automating labor-intensive tasks, and improving supply chain efficiencies. The use of alternative data, such as satellite imagery and mobile phone records, can offer valuable information about crop health, soil conditions, and farmer creditworthiness. These technologies can significantly enhance productivity and resilience, especially in the face of challenges posed by climate change and fluctuating market conditions.

Climate resilience will be another major theme of the 2024 AgriFin Learning Event. Africa’s agricultural sector is highly vulnerable to climate change, with small-scale producers bearing the brunt of its impacts. Discussions will focus on financing models and strategies that can promote the development of climate-resilient food systems. These models need to consider the unique challenges faced by African farmers, such as limited access to finance and technology, while also addressing broader global concerns related to food security and sustainability.

In addition to these themes, the event will explore the role of regulatory policies in fostering a more inclusive and sustainable digital agricultural ecosystem. While technology holds immense promise for transforming Africa’s agricultural sector, regulatory frameworks often lag behind, creating barriers to innovation and growth. Policymakers will be encouraged to consider how they can create a more enabling environment for digital agriculture, one that allows startups to thrive and smallholder farmers to benefit from the latest technological advancements.

The Role of Partnerships in Driving Innovation

One of the core messages of this year’s ALE is the importance of partnerships in driving the uptake and scalability of technology-driven solutions. Startups, government agencies, investors, and development organizations must work together to build a digital ecosystem that is inclusive, innovative, and sustainable. By collaborating across sectors, stakeholders can pool their resources, share knowledge, and create synergies that lead to real, lasting change.

Mercy Corps AgriFin has long recognized the power of partnerships in enabling growth and innovation. Through its collaborations with organizations like the World Bank, FSD Kenya, and IDEO, AgriFin has been able to support hundreds of thousands of small-scale producers across Africa. These partnerships have helped bridge the gap between technology providers and farmers, ensuring that the benefits of digital agriculture reach those who need it most.

At the 2024 AgriFin Learning Event, participants will have the opportunity to engage with a diverse range of partners and explore new ways of working together. The event will facilitate discussions on how partnerships can be leveraged to scale innovations, develop new business models, and create ecosystems that are resilient, adaptive, and capable of driving long-term growth.

Looking Ahead: Strategic Breakthroughs for African Agriculture

As Africa’s digital agriculture ecosystem continues to grow, the 2024 AgriFin Learning Event will serve as a critical platform for ideating, defining, and developing strategic breakthroughs. The event will emphasize the need for innovation that is both inclusive and sustainable, recognizing that the future of African agriculture depends on the ability to harness the power of digital tools and data in ways that benefit all stakeholders, from smallholder farmers to large agribusinesses.

According to Grace Njoroge, Technical Director-Programs at Mercy Corps AgriFin, this year’s event will highlight emerging and promising pathways to drive the uptake of technology-driven solutions: “The 8th AgriFin Learning Event will highlight emerging and promising pathways to drive uptake and enhance the scalability of technology-driven solutions for smallholder farmers in Africa and beyond.” Njoroge emphasized the importance of leveraging AI and alternative data to create lasting impacts on rural economies, as well as the need for a concerted effort to foster an enabling regulatory environment.

Conclusion: A Pivotal Moment for Digital Agriculture in Africa

As the African continent continues to grapple with economic challenges, climate change, and food security concerns, the role of digital agriculture in driving rural economic growth has never been more critical. By bringing together stakeholders from across the digital agriculture ecosystem, the 2024 AgriFin Learning Event aims to spark meaningful dialogue, foster innovative partnerships, and pave the way for a more inclusive, resilient, and prosperous future for Africa’s agricultural sector.

The event will provide an essential platform for stakeholders to exchange ideas, share insights, and develop new strategies for tackling the challenges facing smallholder farmers and the broader agricultural industry. Through collective action, the AgriFin Learning Event promises to be a driving force for innovation and growth in digital agriculture, shaping the future of rural economies in Africa and beyond.