AfDB loans Nigeria $600M, extra $400M to come after needed reforms

November 3, 2016

With the aim of stimulating Africa’s largest economy, the African Development Bank (AfDB) approved a $600 million loan for Nigeria on Wednesday.

According to a Reuters report, the loan will be part of a larger $1 billion stimulus package. In order to qualify for the remaining $400 million, however, Nigeria will have to implement fiscal reforms, Ousman Dore, the AfDB Nigeria director, disclosed.

“The economic recovery plan that the government is working on must be a package of comprehensive reforms, including even exchange rate policy, the consistency with regards to the monetary policy and structural reforms,” Mr. Dore said.

He explained that if Nigeria implements such reforms, the remaining $400 million could be approved by the bank early next year.

Nigeria entered a recession in August of this year, largely due to its overdependence on crude oil, the price of which has been plummeting since 2014.

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Zenvus is presented to Bank of Agriculture and African Development Bank

Tekedia Editors

November 3, 2016

Prof Danju (first left), the MD of Agriculture smiles as he holds Zenvus. By the extreme right is a regional director of African Development Bank, Robert Masumbuko.

Zenvus is the AgTech business of Nigeria-based First Atlantic Semiconductors & Microelectronics Ltd (FASMICRO). FASMICRO has been recognized as Africa’s leading electronics design firm.

The mission of Zenvus is to eliminate extreme poverty in emerging world especially Africa by improving crop yield and overall farming productivity. It brings the fusion of electronics and analytics to empower farmers.

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Zenvus Crop Sensors: From Idea to Scale

Tekedia Editors

October 31, 2016

Zenvus is an intelligent solution for farms that uses proprietary electronics sensors to collect soil data like moisture, nutrients, pH etc and send them to a cloud server via GSM, satellite or Wifi. Algorithms in the server analyze the data and advice farmers on farming. As the crops grow, the system deploys special cameras to build vegetative health for drought stress, pest and diseases. Our system has the capability to tell a farm what, how, and when to farm. It has in-built GPS, compass and XL making it possible for a farmer to map the boundaries of his/her farm which could be useful during loan and insurance applications.

The following are some photos from Zenvus which was funded by the USAID. Zenvus will activate many solutions like agro-lending, agro-insurance, etc early next year as it onboards farmers in the platform. You can learn a lot on the artificial intellgience behind the Zenvus zMarkets engine here.

Our models ensure that we continuously improve farm productivity by tracking yield and total inputs. That is why zManager, our electronic farm farm diary is mandatory for all Zenvus users.

The Design on pencil as we started evaluating options using crop models etc.

The design on CAD had about 6 options. We took many factors in considerations

The final choice for development

The circuits and every part of the design were CAD-modeled to help in packaging and assembly strategy

The circuits and every part of the design were CAD-modelled to help in packaging and assembly strategy

Design is now modelled in a CAD and ready

We did 3D printing

The inside of Master and Node devices

Zenvus in our lab

Master Device in a farm – production phase

Master device deployed in a farm – production phase

Master and Node devices collecting garden data – production phase

With Federal Ministry of Agriculture and Rural Development (Nigeria)

With Bank of Agriculture and African Development Bank

Through support from many partners, Zenvus will deliver thousands of units across Africa in coming months. Tell your government or farm coop about Zenvus.

Zenvus Services

zManager – zManager is an electronic farm diary that helps Zenvus farmers record all phases of farming from planting through harvest to sales. It keeps all records – financial, staff, tools, etc in one secured place,

zPrices – zPrices empowers rural Zenvus farmers with real-time produce prices across major cities. It provides farmers with data to effectively negotiate prices with merchants who normally pay them little.

zCapital – zCapital helps Zenvus farmers raise capital (loan or equity) by providing independent farm data from our sensors to help banks and investors evaluate overall profitability of farms.

zCrowdfund – zCrowdfund helps Zenvus farmers crowdfund capital from local donors who they can deliver produce after harvest. Our sensors validate these farms providing partners with confidence.

zInsure – zInsure helps Zenvus farmers insure their farms by providing independent farm data from our sensors to insurers. This helps them evaluate the risks based on actual farm data.

zMarkets – zMarket provides a platform for Zenvus farmers to sell their produce. It is an avenue to expand their markets by removing geographic limitations. Farmers list their harvest days and buyers connect.

Zenvus >> Farmers Wanted.

zenvus@fasmicro.com

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First Atlantic Cybersecurity Institute unveils design sample of its Award Certificates

Tekedia Editors

October 28, 2016

We’ve designed the certificate for First Atlantic Cybersecurity Institute. This is the sample. Once a learner completes the program, the certificate will be generated automatically with the name of the learner, the program and the date updated. The portal will be unveiled next week.

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Uber is exploring the use of flying cars

Tekedia Editors

October 28, 2016

Uber is exploring the use of flying cars. It predicts that “vertical take-off and landing” vehicles “will be an affordable form of daily transportation for the masses.”

Uber Technologies Inc., still in the midst of trying to remake transportation on the ground, is exploring the viability of an aircraft that can take off and land vertically for city use. The ride-hailing giant published a 98-page whitepaper outlining its research titled “Fast-Forwarding to a Future of On-Demand Urban Air Transportation.”

While Uber isn’t planning to build its concept for a helicopter-like vehicle, the San Francisco startup said it would organize a conference to discuss the development of what it calls VTOL, or an aircraft for vertical takeoff and landing. It refers to the nascent flying-car program as Uber Elevate.

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AfDB loans Nigeria $600M, extra $400M to come after needed reforms

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Zenvus is presented to Bank of Agriculture and African Development Bank

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Zenvus Crop Sensors: From Idea to Scale

Zenvus Services

zManager – zManager is an electronic farm diary that helps Zenvus farmers record all phases of farming from planting through harvest to sales. It keeps all records – financial, staff, tools, etc in one secured place,

zPrices – zPrices empowers rural Zenvus farmers with real-time produce prices across major cities. It provides farmers with data to effectively negotiate prices with merchants who normally pay them little.

zCapital – zCapital helps Zenvus farmers raise capital (loan or equity) by providing independent farm data from our sensors to help banks and investors evaluate overall profitability of farms.

zCrowdfund – zCrowdfund helps Zenvus farmers crowdfund capital from local donors who they can deliver produce after harvest. Our sensors validate these farms providing partners with confidence.

zInsure – zInsure helps Zenvus farmers insure their farms by providing independent farm data from our sensors to insurers. This helps them evaluate the risks based on actual farm data.

zMarkets – zMarket provides a platform for Zenvus farmers to sell their produce. It is an avenue to expand their markets by removing geographic limitations. Farmers list their harvest days and buyers connect.

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First Atlantic Cybersecurity Institute unveils design sample of its Award Certificates

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Uber is exploring the use of flying cars

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