Frankfurt (Germany) and Nairobi (Kenya), March 2020. GreenTec Capital is very pleased to report that Agrocenta has been named the winner at the 2020 Sankalp Awards, help at the Sankalp Africa Summit 2020 in Nairobi, Kenya. The innovative Ghanaian agri-platform was selected from five impactful social businesses as finalists to compete at the 2020 Sankalp Awards in Nairobi.
The Sankalp Awards are a long-standing tradition in the space of impact investing & social entrepreneurship that supports, honors, and brings together promising enterprises tackling some of the World’s key development challenges. Rooted in an ethos to champion social change and transformation through the spirit of entrepreneurship, it is one of the most prestigious impact enterprise awards in the region. Since 2009, the Sankalp Awards have discovered and showcased more than 1,600 social enterprises, and facilitated more than USD $270 Million in equity investments.
Agrocenta competed against five other finalists at the awards with Michael K. Ocansey, Co-Founder & CTO of Agrocenta representing the company in the competition to bring home the top prize. The company was named the overall winner, with Kenya’s Ilara Health named as first runner up and Nigeria’s Riby claiming the second-runner up title. The award represents the latest international prize for the Ghanaian agri-tech start-up.
Agrocenta has entered 2020 on strong footing having recently signed an agreement with Pan African Savings & Loans (a subsidiary of Ecobank) to roll out digital financial services for smallholder farmers with support from AGRA. Over the next 14 months, Agrocenta plans to provide smallholder farmers access to digital financial services such as micro loans, payments, savings and financial literacy training through a branchless/agency banking model. The partnership will serve to increase the Agrocenta’s reach of Agrocenta’s digital agricultural platform to more than 2 million smallholder farmers.