Skip to main content

KIC has organised a maiden stakeholder engagement and co-creation workshop with Farmer Based Organisations

 KIC has organised  its first stakeholder engagement with some selected Farmer Based Organizations (FBOs) in Accra. The meeting was to provide KIC and the Farmer Based Organizations interactions and shared areas of deepened collaboration between farmer needs assessment and job creation in agribusiness that will be relevant to the needs identified. It also created pathways for KIC to provide capacity-building and funding opportunities to support to farmer-based organizations to meet some of these challenges.

As an innovation hub focused on agritech and youth employment, KIC is committed to partnering with key stakeholders in the agriculture and agri-adjacent sectors. In his opening remarks at the meeting, Mr. Benjamin Gyan-Kesse, the Executive Director for KIC, called on the Farmer Based Organizations to create shared solutions to address some of the challenges within the agricultural value chain by focusing on youth-led innovation, as well as strengthening their readiness for funding and grant opportunities for scaling up agribusiness and farm business management.

KIC is looking to support farmer-based organizations using a grants-based approach to tackle issues relating to capacity building, agricultural data, access to inputs, and market access among others. This intervention will be carried out under the Business Booster component of KIC’s programs. The KIC Business Booster program is a growth and acceleration program targeted at Ghanaian-owned Micro Small Medium Enterprises (MSMEs) and Farmer Based Organizations. The program seeks to strengthen and spur the growth of existing MSMEs in agriculture and agriculture adjacent sectors in Ghana that have demonstrated potential and are ready to scale.

The decision to scale up and reach more organization through funding support and capacity building is made possible through KIC’s partnership with the Mastercard Foundation. In May 2022, Mastercard Foundation and KIC announced the launch of a multi-year partnership to train the next generation of young leaders and entrepreneurs in Ghana’s agriculture sector. Other key aspects of the partnership include the AgriTech Challenge Classic, AgriTech Challenge Pro, the KIC Incubation, Business Booster, and the Blue Skies Foundation School Farm Competition.

About Kosmos Innovation Center

The Kosmos Innovation Center (KIC) invests in young entrepreneurs and small businesses who have big ideas and want to see their country grow. The KIC was established in Ghana in 2016 with programs focused on inspiring and empowering young entrepreneurs to drive change in their own country. Since its inception, the KIC has focused on innovation in agriculture – the country’s most important sector and largest employer. More than 1300 aspiring entrepreneurs have participated in KIC Ghana programs, resulting in the creation of promising startups that have gone on to secure seed funding, additional business training, and capital investment.

Labels:

Comments

Post a Comment

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian
Post a Comment
Read more

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp
Post a Comment
Read more

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of
Post a Comment
Read more