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TradeBuza

Sector: Agriculture
Country: Nigeria
Founders: Nonso Eze
Funding: $25,000
Founded: 2017
Investors: Itanna Accelerator

Details

Resilience is the capacity of a system to continue providing a desired set of services in the face of disturbances, including the capacity to recover from unexpected shocks and adaption to ongoing change. In the last ten years, there has been a surge of interest in the topic of resilience across different academic disciplines and practice communities. Food systems is one area in which understanding resilience will be crucial, because food, nutritional outcomes, livelihoods, and many other essential life-supporting services are derived from food systems. At the same time, the rapid pace of industrialization, market segmentation, and consolidation of food systems are making them increasingly complex New challenges related to population growth, conflict, climate change, and the degradation of natural resources may be driving an increase in the incidence, magnitude, and impacts of disturbances—such as droughts, fires, price shocks, and mass population displacements—that affect the availability and distribution of food. The nature of these shocks is often unpredictable, underlining the limitations of standard risk management paradigms that attempt to quantify the probability and outcomes of disturbances. The task of understanding food system resilience is arguably most urgent for developing country contexts, where vulnerability is higher to such challenges and food and nutritional security are already tenuous. Furthermore, developing countries depend the most heavily on the agrifood sector for jobs, household incomes, and economic growth.TradeBuza is an AI-enabled commodities sourcing platform for Commodities Aggregators and Outgrower Schemes. The startup improves efficiency, provides visibility and transparency into outgrowers and commodities sourcing activities. Last year, it was among the four startups that received $25,000 from Itanna Accelerator each.