Innovation news

The Eastern Africa Grain Council (EAGC) has launched an online trading platform for farmers to sell grains through a structured mechanism.
The platform called G-soko, links smallholder farmers to grain buyers and has been developed by the EAGC in partnership with FoodTrade Eastern and Southern Africa, and Virtual City, an IT firm based in Kenya.
According to EAGC, this is through a 5-year trade enhancement and promotion programme that aims to encourage trading in regional staple food markets.
Right now there is urgency to expand regional food trade due to the exponential growth of staple food imports. Linking rural food surplus production zones in Eastern Africa to major deficit urban consumption centres requires a well-functioning regional market. EAGC Executive Director, Mr Gerald Masila says the idea steamed from the need to address the deficiency but also do it in a way that is inclusive and effective, “This is why we developed G-Soko; a market transaction platform that will enhance food trade across borders, and contribute towards making trading more transparent,”
The platform performs a structured trade function that integrates the entire grain trade from farm to market.
Through G-Soko, farmers are able to aggregate their produce through a certified warehouse and also access financial services using their grains as collateral.
For the first time, grain farmers in the region including Kenya, Uganda and Tanzania will now be able to trade their grain free, competitively and transparently across the region, through the G-Soko platform.
— Daily Nation Kenya