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Africa eyes moment of free-trade transformation
Kanika Saigal | Monday, December 03, 2018
For now, there are not any technical or regulatory obstacles to cross-border transfers except for the fact that they are needlessly expensive, says Dimieari Von Kemedi, co-founder and managing director of Alluvial Agriculture, a diversified commodities business based in the Niger Delta. “In some instances, it can cost $25 to transfer $10. But once the demand rises, someone will find a way to make it cheaper. There is a fintech opportunity right there.”
The Road that will Reduce Our Cost of Food
From the farm
Dimieari Von Kemedi
I have spoken with a few friends who say they don’t understand why I am involved in farming. They say its too risky and unprofitable, and too difficult – and they are partly right. But other parts of the value chain have their challenges as well.
Processing the crops we produce might appear easier, yet sourcing raw materials for processing is not easy. Not to mention problems with power, negotiating labor costs and ensuring productivity. The cost of raw ingredients can fluctuate wildly, and consistency of quality is not easy to maintain side by side with access to adequate quantities of feedstock at a reasonable price and time.