{"id":184017,"date":"2024-05-20T12:46:32","date_gmt":"2024-05-20T12:46:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/20\/agric-tech-competition-launched\/"},"modified":"2024-05-20T12:46:32","modified_gmt":"2024-05-20T12:46:32","slug":"agric-tech-competition-launched","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/20\/agric-tech-competition-launched\/","title":{"rendered":"Agric-Tech Competition Launched &#8211;"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong><em>Julian Opuni<\/em><\/strong><\/p>\n<p>\u00a0<\/p>\n<p>Fidelity Bank Ghana has announced the opening for Agric-Tech within the Fidelity Young Entrepreneurs Fund (FYEF).<\/p>\n<p>The upcoming Agric-Tech competition aims to support the development of groundbreaking solutions that address pressing challenges faced by players in the Ghanaian agriculture value chain.<\/p>\n<p>Julian Opuni, Managing Director at Fidelity Bank, made this announcement during the Agriculture and Fintech Forum at the 3i Africa Summit on May 14, 2024.<\/p>\n<p>The forum, hosted by Fidelity Bank, brought together stakeholders to bridge the gap between agriculture and fintech and showcase how technology can overcome longstanding barriers in the agricultural value chain.<\/p>\n<p>In his keynote address titled, \u201cSeeding Innovation: The Convergence of Agriculture and FinTech in Africa,\u201d Mr. Opuni emphasised the crucial role of youth in driving technological adoption and innovation within the agricultural sector.<\/p>\n<p>He highlighted the demographic advantage of Africa, where 60% of the population is under 25 years old, but noted the underutilization of this potential due to the perception of agriculture as an unappealing profession for the young.<\/p>\n<p>Mr. Opuni stressed the need to change this perception and equip young Ghanaians with the necessary support and resources to actively participate in the agricultural sector\u2019s transformation.<\/p>\n<p>\u201cThis will not only address youth unemployment but also ensure the sustainability and growth of Africa\u2019s agricultural sector,\u201d he declared.<\/p>\n<p>Building upon the existing FYEF program, which provides financial and non-financial support to youth-led businesses, particularly those in the agriculture sector, a dedicated space for Agric-Tech will be carved out within the FYEF framework.<\/p>\n<p>\u201cAccess to opportunities that drive innovation is key to motivating youth involvement in Agric-Tech,\u201d Mr. Opuni explained. \u201cThis Agric-Tech competition aims to incentivise the development of innovative solutions that will address critical issues faced by Ghanaian agriculture, ultimately leading to a revolutionized sector.\u201d<\/p>\n<p>Mr. Opuni acknowledged the numerous challenges hindering Africa\u2019s agricultural productivity, including limited investment, inadequate resources, and a lack of access to technology and funding.<\/p>\n<p>He pointed out the risk aversion of financial institutions due to historically high non-performing loan rates in the agricultural sector.<\/p>\n<p>However, he emphasised the importance of open dialogue between banks, stakeholders, and policymakers.<\/p>\n<p>\u201cThis forum represents a critical step forward,\u201d Mr. Opuni declared. \u201cBy fostering collaboration, we can work towards building a data-driven ecosystem. This will allow banks to more accurately assess risk, design targeted financial products for farmers, and ultimately bridge the financing gap for agricultural businesses.\u201d<\/p>\n<p><strong>A business desk report<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Julian Opuni \u00a0 Fidelity Bank Ghana has announced the opening for Agric-Tech within the Fidelity Young Entrepreneurs Fund (FYEF). The upcoming Agric-Tech competition aims to support the development of groundbreaking solutions that address pressing challenges faced by players in the Ghanaian agriculture value chain. Julian Opuni, Managing Director at Fidelity Bank, made this announcement during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":184018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-184017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Agric-Tech Competition Launched - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/20\/agric-tech-competition-launched\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Agric-Tech Competition Launched - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Julian Opuni \u00a0 Fidelity Bank Ghana has announced the opening for Agric-Tech within the Fidelity Young Entrepreneurs Fund (FYEF). 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