Kosmos Energy Under it’s Kosmos Innovation Center Programme Hosts Inaugural Two-Day Agritech Exchange Event in Accra

Following its March 2016 launch, the Kosmos Innovation Center (KIC), in partnership with the Meltwater Entrepreneurial School of Technology (MEST), hosted Ghana’s inaugural AgriTech Exchange on April 13th and 14th 2016.

The Exchange consisted of a series of highly interactive and informative brainstorming sessions; helping young MEST entrepreneurs build the foundation of commercially-viable AgriTech startups. The event brought together a mix of Ghanaian agribusiness representatives, local technology specialists, young entrepreneurs from MEST, and a group of senior mentors to spur technology innovations designed to address the needs of Ghana’s agricultural sector.

The AgriTech Exchange began by introducing participants to some of the latest technology innovations – created by companies like Esoko, Vodafone Ghana, Airtel Ghana, Farmerline, and HNI — that have been applied to the needs of agriculturalists in Ghana. Participants then went on to gain an in-depth view of the challenges faced by Ghana’s agricultural sector. On the second day, participants brought together both problems and solutions, brainstorming various ideas for technologies that can address the problems outlined, as well as form the basis of a viable business. These business concepts will be further developed with the guidance of KIC and MEST mentors.

Key stakeholders identified and prioritized a number of areas as the most pressing needs across Ghana’s agricultural value chain, including  improving access to certified agricultural inputs, improving access to technical and  market information for farmers, creating effective channels to market agricultural products, and connecting farmers with appropriate sources of financing.

In response, participants brainstormed a number of innovative technology solutions that included:

  • a smartphone app to monitor fertilizer and seed distribution
  • a mobile phone-based tracking system for expired and fake agro-chemicals
  • a software platform for inventory management at packing houses
  • an SMS and web-enabled system that provides financial analysis and investor matching for smallholder farmers

 

Over the coming months, KIC and MEST will work with these entrepreneurs to refine these concepts and others into fully-viable businesses through a series of mentoring, coaching, and market research activities.  This process will kick off with a Lunch & Learn series on May 6th, 2016. To learn more, visit the KIC website (http://www.kosmosinnovationcenter.com/).

 

About the Kosmos Innovation Center (KIC)

KIC is Kosmos Energy’s flagship social investment program in Ghana. It uses innovative approaches and applies commercial solutions to solve development challenges in Ghana, starting with agriculture.

 

About Kosmos Energy

Kosmos is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. Our assets include existing production and development projects offshore Ghana, large discoveries offshore Mauritania and Senegal, as well as exploration licenses with significant hydrocarbon potential offshore Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos 2014 Corporate Responsibility Report. Kosmos is listed on the New York Stock Exchange and is traded under the ticker symbol KOS. For additional information, visit www.kosmosenergy.com.

 

Media Contacts

 

Ruth Adashie

Communications Manager

Kosmos Energy Ghana

Mobile: 0244 -3131 08

radashie@kosmosenergy.com

 

George Sarpong

Director of Corporate Affairs

Kosmos Energy Ghana

Mobile: 0244 -339 053

Gsarpong@kosmosenergy.com