K+S Group and MFS Africa have partnered to invest in Akorion EzyAgric
German K+S Group and the African company MFS Africa have agreed to jointly invest in Akorion, an agricultural innovation company based in Uganda, to expand Akorion’s digital platform, EzyAgric.
“With this partnership, we have reached another milestone on our way to building a new approach together with our partners to become the leading agricultural platform in sub-Saharan Africa,” says Dr. Burkhard Lohr, CEO of K+S. “We are looking forward to strengthening our business in this emerging agricultural region and to increase crop yields and improving income levels of many smallholders.”
In collaboration with MFS Africa, K+S Group will provide consulting services to Akorion and supply potash fertilizers via its partner Grainpulse. MFS Africa, in its turn, intends to expand the Akorion EzyAgric operation throughout Africa.
Akorion EzyAgric connects farmers with suppliers, buyers, and traders through a network of rural agents. Equipped with smartphones, they help farmers to increase the yield of their crops and the revenue from their sale by accessing information about the resources they need and the market situation.
Akorion EzyAgric also allows farmers to map and to get accurate acreage of their land instantly as well as to determine their geographical location. Currently, Akorion EzyAgric serves over 70 thousand farmers and has a network of 600 rural agents.
Smallholder farmers, most of whom have less than two acres of land, produce more than 80% of the food in sub-Saharan Africa.
K+S Group is one of the world’s largest suppliers of potash fertilizers.