Is digital innovation helping to future-proof agriculture in South Africa?

SME Banking
15/05/2023 News

Agriculture faces an almost impossible task: How must it meet the food demands of a global population that is projected to reach 9,7 billion by 2050 with natural resources that have already diminished and will continue to decline? In addition, the pandemic highlighted weaknesses in a food system in which 33% of all food produced was already being wasted, where shelves were empty while surplus food was being destroyed on farms and in the value chain.

Fortunately our world is all about disruptive technologies transforming the way we do business, and agriculture is no different. A report released in 2021 by the World Bank, entitled What’s Cooking: Digital Transformation of the Agrifood System, explores how digital innovation in the agricultural value chain is helping to minimize inefficiencies in the food system; boost food safety; improve resource efficiency; and help consumers track the environmental footprint and nutritional value of what they’re eating.

Subscribe to keep reading

Try the 30-day free content subscription and get full access

Related news & insights

SME Banking
05/06/2023 Article

Financial services for the gig economy: Catering to the unique needs of independent workers

A recent Qorus report discusses the rise of the gig economy and its impact on the future of work and...

Digital Reinvention
31/05/2023 Interview

Fibabanka reinvents consumer finance by taking the bank where the customers are

In Turkey, Fibabanka created a stir with the launch of its BNPL Alışgidiş solution and the merchant ecosystem that accompanies...

Digital Reinvention
29/05/2023 News

CBA announces new reimagined banking services

Commonwealth Bank has announced a series of innovations and technological advances designed to strengthen and deepen the customer experience as...

Open Finance
28/05/2023 News

Airwallex and TrueLayer partner to enhance payments infrastructure

Airwallex, the leading global payments and financial platform for modern businesses, announced its partnership with TrueLayer, the payments network powered...

SME Banking
28/05/2023 News

CaixaBank launched a contactless payments app

CaixaBank has created an app that enables contactless payments of any amount to be managed quickly and easily from Android...

SME Banking
26/05/2023 News

ASB offers discounted lending to support businesses’ social and environmental sustainability efforts

ASB is helping businesses on their sustainability journey with its new Business Sustainability Loan, aimed at supporting positive social and...

SME Banking
24/05/2023 News

ADIB becomes the first UAE bank to provide instant and secure account opening for SMEs via deploying Emirates Face Recognition (EFR) technology

ADIB becomes the first UAE bank to provide instant and secure account opening for SMEs via deploying Emirates Face Recognition...

SME Banking
22/05/2023 Article

The best of SME banking in Milan at the Reinvent Forum

This year the event is getting bigger with the SME Banking awards and the SME Banking Community open meetup.