Alex Mwaura Muriu’s newest tech venture, “Farmspace Africa”, strives to address the issue of food shortages in Africa, despite the fact that 70% of the continent’s employment comes from agriculture. Farmers across the region currently struggle to expand their businesses due to a lack of funding. Farmspace Africa aims to fill this funding void and help boost the agricultural industry in Africa.
Farmspace Africa is a mobile application where urban middle to upper class individuals, investment groups, and other investors can provide crowd source loans and investments to small agricultural businesses and farmers. The mobile platform allows the service to be widely accessible by farmers and investors alike, while its crowd funding nature is also intended to dilute risk. Alex, 27, hopes this brand of micro-finance will propel Africa’s economies into a future of prosperity.
Farmspace Africa received an Honorable Mention Award at GIST Tech-I 2013, during the Global Entrepreneurship Summit in Malaysia.