Nigeria’s UfarmX Says It Has Facilitated $6.8m in Agricultural Commerce
The agritech company is using digital and blockchain-enabled systems to connect smallholder farmers with markets and finance.
Nigerian agritech startup UfarmX says its platform has facilitated more than $6.8 million in agricultural commerce involving over 10,000 farmers across Nigeria, Senegal and Liberia. The company is now planning further regional expansion. The significance goes beyond transaction volume: African smallholder farmers often struggle with market access, credit, payments and traceability. NewsRena will examine how much of the reported activity represents repeat trade, what farmers earn, and whether the platform can scale without increasing costs or complexity for rural users.
Source: disruptafrica.com
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