AFGRI Technology Services forms partnership with Aerobotics, world-leading agritech tree crop data analytics company

Centurion, 2 October 2019 – AFGRI Technology Services (ATS), the strategic innovation and growth division of AFGRI Agri Services, has partnered with Aerobotics, the Cape Town based start-up that processes data from drone and satellite imagery through its proprietary artificial intelligence software to bring the latest technology to a broader section of South Africa’s farmers.

 

The partnership aims to provide critical tools to support the growing market of tree crop farmers to ensure they are optimising how they make decisions, manage risk and operate their farming business.

 

“Our customers stand to benefit from Aerobotics’ tools, which are used for general farm management and to discover and analyse problems affecting individual trees, to proactively manage pests and disease outbreaks as well as monitoring tree crop health and optimising their yields,” says AFGRI Agri Services CEO, Jacob de Villiers.

 

According to Niki Neumann, GM for Strategy & Innovation at AFGRI Agri Services, Aerobotics has seen good traction and growth in the tree crop market in South Africa and abroad. “Their focus on a superior product experience and customer service has put them strides ahead of their competitors. We look forward to working with dynamic, disruptive companies like Aerobotics to bring only the best-of-breed solutions to our farmers.”

 

Neumann adds that the Aerobotics tool was introduced to AFGRI Agri Services employees during August, and that some farmers have already been introduced to the company and its capabilities through ATS’ Future Farmers Forum, an initiative aimed exclusively at forward-thinking early adopters in the agricultural sector with the sole goal of connecting South Africa’s farming community with the latest in agricultural technology.

 

“By working with start-ups like Aerobotics, we can encourage a truly tech-enabled sector in South Africa that promotes sustainable, responsible and efficient food production, with a focus on increased productivity and data-driven decision making.”

 

Aerobotics Head of Sales for Africa, Vic van den Berg, is excited about the partnership as an opportunity to bring their farm management software to a larger market. “Our team is consistently working on product updates and features with the key objective being to save our farmers all over the world time and money through our early-stage pest and disease detection software – which gets smarter by the day. This partnership means that we will be able to add value to more farmers with our data-driven software, which ensures that farmers can make smart, data-driven decisions when it comes to their crops’ health and yields.”

 

 

Notes for the editor:

About AFGRI Agri Services

AFGRI Agri Services is a leading agricultural services company with core competencies to enhance, support and guide the growth of agricultural enterprises. It provides services across the entire grain production and storage cycle, offering financial support and solutions as well as inputs and hi-tech equipment through the John Deere brand supported by a large retail footprint. Lemang Agricultural Services was established to train, develop and mentor new era farmers with a focused service in the further development of commercial black farmers in South Africa.

 

AFGRI Agri Services is part of the AFGRI Group, the investment holding company with interests in a number of food, agriculture and financial services related companies providing products and services to ensure sustainable agriculture and food security.

 

Visit www.afgri.co.za for more information.

 

About AFGRI Technology Services (ATS)

ATS is the strategic growth and innovation division of AFGRI Agri Services. Catalysing growth through superior strategy, insights, technology and innovation across the agricultural value chain, with the vision to introduce solutions that solve agriculture’s biggest challenges and enable food security.

 

Visit www.afgritechnologyservices.com for more information.

 

About Aerobotics

Based in Cape Town, Aerobotics was co-founded by James Paterson (CEO) and Benji Meltzer (CTO) and combines aerial imagery obtained from satellites and drones with its machine learning algorithms to provide early problem detection services to farmers, helping them to monitor their crops, receive early warning of potential risks, and optimise yields.

 

Aerobotics provides farmers with accurate statistics on their trees and vines and allows them to use its management zones to plan planting. It now operates across hundreds of farms in 11 countries throughout the world, has commanded 40% and 20% of South Africa’s macadamia nut and citrus markets respectively, has won numerous awards including Best Technology Company of 2019 at Africa Tech Week, and has raised two funding rounds totalling US$2.6million.

 

Visit www.aerobotics.com for more information.

 

 

 

 

Issued for:                                                 AFGRI Technology Services

Contact:                                                    Niki Neumann

GM: Innovation & Strategy at AFGRI Agri Services

Tel:                                                                011-063-2661

Email:                                                          [email protected]

 

Contact:                                                    Aerobotics (Pty) Ltd

Tel:                                                                021-035-1060

Email:                                                          [email protected]

 

Distributed by:                                      Keyter Rech Investor Solutions

Contact:                                                    Deborah Chapman

Tel:                                                                087-351-3816 or 076-650-4150

Email:                                                          [email protected]

Refinitiv partners with AFGRI Technology Services to use AI and alternative data sets to enable small farmers to gain access to banking services across Africa

New York/Johannesburg: Refinitiv and AFGRI Technology Services (ATS) today announce the Bankable Farmer Research Initiative (BFRI). BFRI will be dedicated to the use of data science, alternative data sets and novel approaches to risk modeling in order to increase access to financial services for small commercial farmers across sub-Saharan Africa. Access to credit for small farmers continues to be a challenge due to lack of credit history and profile. BFRI proposes a highly innovative approach to establishing creditworthiness and is expected to be a significant enabler for growth and prosperity in the region. It is anticipated the BFRI will partner with public and private entities to expand the impact of this initiative.

Over 80% of sub-Saharan Africa’s population is engaged in agriculture. Smallholders, micro-commercial farms and the business ecosystem around these farms constitute the vast majority of economic activity on the African continent. The number of small commercial farmers in Africa is estimated at over 30 million, most of which are underbanked, and as a result find it difficult to pay for seed, fertilizer and other inputs. The World Bank’s Consultative Group to Assist the Poor (CGAP) estimates the market opportunity for credit services to small farmers across Africa and South Asia to be $450bn.

Luke Manning, Global Head of Sustainability at Refinitiv said: “Two of our key sustainability pledges are to support the communities we operate in and put sustainability at the heart of our product offering, and our bankable farmer innovation delivers on both of those. We’re committed to using Refinitiv data and expertise wherever possible to support the UN’s sustainable development goals, and ultimately solve some of the world’s largest environmental and social challenges. As the solution emerges, Refinitiv looks forward to working with its and AFGRI Agri Services banking customers to ensure the financial ecosystem develops across all demographics in Africa.”

“AFGRI Agri Services is proud to support this research initiative through our ATS division. We already have a strong focus on developing small and emerging farmers locally through our Lemang business and we want to see the number of successful farmers grow. Through innovation and new methodologies, we can improve how we collectively do this”, said Jacob de Villiers, CEO AFGRI Agri Services.

The Research & Development team will be based at AFGRI Agri Services in Centurion, Pretoria (South Africa) and will be supported by Refinitiv’s global team of data scientists. “We are very excited about what we can achieve with this partnership. Not only are we striving to solve a critical business challenge faced by financial institutions, we are striving to solve a critical development need on the continent. It’s not an easy challenge to solve, successful farming comes with many variables and risks. A critical pillar to a farmer’s success is accessing the right funding at the right time,” added Niki Neumann, GM Innovation & Strategy (Head of ATS), AFGRI Agri Services.

Partnership and co-creation remain core tenets of the initiative going forward, and the team is keen to engage with additional partners.

“The world’s most intractable problems require deep collaboration and an approach to partnership grounded in shared values and shared vision to find viable, sustainable solutions.   I’m thrilled to continue this journey with AFGRI Agri Services and ATS .” said Saidah Nash Carter, previously head of Refinitiv’s Innovation Lab in Cape Town and now strategic advisor to the new initiative.

I’m excited about what the combined strengths of the two companies’ cross-functional teams has produced – solving for real problems. The continued collaboration through Saidah Nash Carter and Niki Neumann will help to ensure that the BFRI scales for greater impact across Africa,” added Tim Baker, Head of Refinitiv Labs.

About AFGRI Agri Services

AFGRI Agri Services is a leading agricultural services company with core competencies to enhance, support and guide the growth of agricultural enterprises. It provides services across the entire grain production and storage cycle, offering financial support and solutions as well as inputs and hi-tech equipment through the John Deere brand supported by a large retail footprint. Lemang Agricultural Services was established to train, develop and mentor new era farmers with a focused service in the further development of commercial black farmers in South Africa. AFGRI Agri Services is part of AFGRI Group Holdings, the investment holding company with interests in a number of food, agriculture and financial services related companies providing products and services to ensure sustainable agriculture and food security. Visit www.afgri.co.za for more information.

About AFGRI Technology Services (ATS)

ATS is the strategic growth and innovation division of AFGRI Agri Services. Catalysing growth through superior strategy, insights, technology and innovation across the agricultural value chain, with the vision to introduce solutions that solve agriculture’s biggest challenges and enable food security. www.afgritechnologyservices.com

 

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure. Serving more than 40,000 institutions in over 190 countries, we provide information, insights, and technology that drive innovation and performance in global markets. Our 160-year Reuters heritage of integrity enables customers to make critical decisions with confidence, while our unique open platform, best-in-class data, and cutting-edge technology bring greater opportunity to our customers. By advancing our customers, we drive progress for the entire financial community. For more information, go to www.refinitiv.com

 

About Bright Insights Global

Bright insights global is a boutique women-owned consultancy dedicated to partnering with purpose driven, tech-forward companies with a desire to define and optimize financial performance through the prism of innovation, inclusion and impact.

Media Contacts

Lemuel Brewster
Communications

Refinitiv

Tel: +1 917-805-1089

Email: [email protected]

 

Sonwabise Sebata

Communications

Refinitiv

Tel: +27 11 775 3000

Email: [email protected]

 

Saidah Nash Carter

Principal

Bright Insights Global

Tel: +27 63 684 5007

Email: [email protected]

 

AFGRI Technology Services

Email: [email protected]

Deborah Chapman

ATS PR and Communications Representative

Keyter Rech Investor Solutions

Email: [email protected]

Tel: +27 11 063 2347