The African Development Bank (AfDB) has seen the importance of tech in the agric sector, thus, the bank has given grants to one of Ghana’s vibrant agritech startup firms, Farmerline.
The grant is to help the startup open up its operations so that smallholder farmers across the country can also enjoy the benefits of tech in agric.
The grant from the African Development Bank will help Farmerline in covering the cost of its Feasibility Studies. Farmerline’s Feasibility Studies encompasses technical, financial, and market research activities.
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Farmerline is also going to use part of the funds to cover its 5 Environmental and Social Impact Assessments (ESIA), and for the construction of 5 warehouses in Ghana.
The statement from Farmerline reads:
“The services to be provided under the Assignment which are Preparation Studies to enhance the Bankability of Farmerline’s warehouses construction and associated activities, include: A. Feasibility Studies (Technical; Financial; and Market), B. Environmental and Social Impact Assessment (ESIA) Study,”
At the moment, the agric tech firm, Farmerline, is sending out invitations to multiple consulting firms to request their interest in providing the services the funds from AfDB is mandated to undertake. That is the Feasibility and the five Environmental and Social Impact Assessments (ESIA) services.
Excerpt from Farmerline’s statement concerning the consulting firms:
“Interested Firms shall provide information (documents, reference to similar service, experience in similar assignments, etc.) on their qualifications and experience demonstrating their ability to undertake these assignments,”
Interested firms should be ready to conform to the African Development Bank’s Procurement Policy for Bank Group Funded Operations. This is the policy to be used to select eligible firms as well as shortlisting and picking final firms.
The African Development Bank’s Procurement Policy for Bank Group Funded Operations was approved by the Bank’s Boards on 14 October 2015. It is also available on the bank’s website.