Founder and CEO, Jack Langworthy of NINAYO, accepts an award at the Annual AMBA
Gala Dinner and MBA Excellence Awards (#Gala18), hosted by The
Association of MBAs (AMBA) on 2
February 2018 in London.
LONDON: FEBRUARY 2018. NINAYO.com
the online trading platform for agriculture used by over 30,000 farmers and
markets across the Southern Highlands of Tanzania made waves on Friday night.
The websites idea is simple: give farmers and markets the information they need
to connect more efficiently. NINAYO does this for free, and even for 0 data
cost on Airtel and Vodacom networks when entering 0.freebasics.com/ninayo
directly into the browser.
When asked the
motivation behind the platform, Langworthy explained, “A product’s price will
always be what you can negotiate. I saw a lot of farmers with little
negotiating power in my Peace Corps Volunteer days. There was clearly an
opportunity to empower farmers with the business information they need to lift
themselves out of poverty. With NINAYO farmers can now contact hundreds of
buyers directly, by phone, SMS, or through the site. Buyers love the site too-
everybody wins.”
NINAYO, launched in
Tanzania in 2015, uses crowd-sourced data to provide actionable business
intelligence for its users. NINAYO users, typically small holder farmers, can
earn significantly more money by selling further up the supply chain. By
eliminating middlemen, farmers and markets both win. NINAYO has started using
their collected commercial data to pilot loans to unbanked farmers, in
partnership with the UNCDF DF+.
NINAYO has brought
investment from Silicon Valley’s most successful and disruptive entrepreneurs
to Tanzania via their partners at Expa Labs.
NINAYO caught the attention of the prominent San Francisco incubator run by
Uber cofounder, Garrett Camp, and other heavy hitters in the international tech
scene.
“Too often Tanzania is seen
only as a poor country. Yes, poverty is a problem, but Tanzania is a land of
great opportunity. There are millions of talented Tanzanians eager to build the
prosperity of their country. Thanks to Expa Labs, we are connecting Silicon
Valley with the Rift Valley and changing the face of African agriculture.”
NINAYO was also endorsed in
a speech by US former President Barack Obama during the seventh annual Global Entrepreneurship
(GES) Summit in Silicon Valley on 25 June 2016.
Jack Langworthy added: ‘This award being given to a Tanzanian
company highlights the potential that is in East Africa. We are not a charity or an NGO, but a company
investing in Tanzania because we believe it is a great country with undervalued
talent. Nairobi better lookout, because
Dar is becoming the new tech hub.”
Notes
to Editors
For more information, images or
interviews, contact David Woods-Hale, Head of Communications at AMBA d.woods@mbaworld.com or Clementine Boyer Duroselle, PR and Public Affairs Executive at
AMBA c.boyer@mbaworld.com.
MBA Entrepreneurial Venture Award
Winner: Jack Langworthy for NINAYO.com, Copenhagen
Business School
Finalists
Amir
Reuven Kaplan,
IE Business School
Emmanuel Aidenehi Okosun, Lagos Business School
Gabriel Méndez Labbé, Facultad
de Economía y Empresa UDP
Gerardo Salandra, CUHK Business School
-
About Copenhagen Business School
Copenhagen
Business School (CBS) was founded in 1917 to meet the business sector demand
for highly qualified people. Today, it is the leading Business School in
Northern Europe. CBS offers a comprehensive range of programs in business
economics and modern languages for international business communication on bachelor's,
master's, and PhD level.
·
Developing Competencies for the
Future
At the cutting edge of lifelong
learning and leadership development for executives and professionals, CBS
offers Full-time MBA, Executive MBA and a wide range of Executive Master programmes
as well as a strong portfolio of company specific course and industry specific
courses.
We believe that managers can only
create true value for their companies when their management knowledge is
leveraged by personal competencies. Developing competencies - skills
development - is a natural part of the quality assurance of CBS programmes.
· International Quality Marks
Internationally-oriented, CBS
maintains close partnerships with the business community and has exchange
agreements with more than 300 universities and Business Schools worldwide. In
addition to the AACSB, AMBA, and EQUIS accreditations, CBS is the Danish member
of CEMS Community of European Management Schools; which only accepts one
university as member from each European country. Furthermore, CBS is also a
member of PIM Partnership in International Management a corresponding
international consortium of prestigious Business Schools.
· The CBS Full-time MBA
Every year, a select group of 50 individuals gets to
participate in the exclusive Full-time MBA Programme at Copenhagen Business
School, where classes are kept small to give the participants a more personal
experience.
In addition to being rooted in the Scandinavian
culture of trust, team work and respect for the individual, the CBS Full-time
MBA is truly international with nearly 80% of the participants being from
outside of Denmark. The participants come from diverse professional backgrounds
and have an average working experience of nine years from various industries,
making them part of the most experienced Full-Time MBA programmes in the world.
The programme itself is in the Top 100 of the
Economist MBA rankings for 2011 and internationally acclaimed for its
incorporation of Corporate Social Responsibility and Sustainability issues into
its teaching.
The Copenhagen
MBA is #30 in Bloomberg Business Week's International Full-time MBA
Ranking 2017 and #4 in the world in 2016 & 2017 Corporate Knights' Better World MBA Ranking 2017.
Copenhagen Business School Full-Time MBA was awarded place #34 in Financial Times' European Business School Ranking 2016 and
#88 in Economist Ranking 2017. QS Top MBA 2018 also
recognised the Copenhagen MBA #26 globally and #13 in Europe.
About NINAYO.com
NINAYO.com is an online trading platform that
thousands of Tanzanians use to get a better price for their crops. We are
quickly expanding into surrounding regions.
Founder, Jack Langworthy, conducted business for
years in the Tanzanian agriculture sector. NINAYO.com is a tool to solve
specific problems facing that sector. Those issues are:
•
Lack of supply visibility (buyers don’t know what crops farmers are selling)
• Lack of demand visibility (farmers don’t know how much buyers are willing to
pay)
• Lack of logistical coordination (inefficient transportation skyrockets costs)
An understanding of emerging markets is necessary to explain our value proposition.
As Tanzania exemplifies these markets, consider:
• 80% of Tanzania’s work force are independent farmers
• Farmers have little bargaining power over the sale of their crops due to poor
infrastructure and a lack of communication with food processors (markets)
• Internet access has recently become widespread, even in poor and remote
villages
By enabling Tanzanian farmers to post their supply
(crops) they gain access to a far wider range of demand. Food processors,
likewise, have a much clearer view of the crops available in their region. Each
side of the value chain is incentivised to use this website.
Consider that, in Tanzania, 40% of food rots while
malnutrition and poverty run rampant. If there were ever an industry in need of
disruption, it’s this one. By improving supply visibility, demand visibility,
and logistical coordination, more food will go to those in need at a fairer
price.
Cash flows are quickly available by linking farmers
to agricultural input advertisements at their point of sale. Tanzanian farmers
often do not use the pesticides, seeds, and fertilisers that will allow them
more bountiful harvests because they do not save their money accordingly.
Through targeted advertising, Group-on type bulk deals [NINAYO organizes group
deals], NINAYO can help the agricultural dealers reach their customers when the
customers are able to purchase their products.
NINAYO was also endorsed in
a speech by US former President Barack Obama during the seventh annual Global
Entrepreneurship (GES) Summit in Silicon Valley on 25 June 2016.
US Former President Obama
quotes for the GES Summit:
‘That’s
why we’ve invested so much time and effort to make sure that America is helping
to empower entrepreneurs like you. We held our first summit back in
2010. Since then, we’ve brought entrepreneurs like you together in
Turkey, and the Emirates, and Malaysia, Morocco, Kenya. And all told,
we’ve helped more than 17,000 entrepreneurs and innovators connect with each
other, access capital, find mentors, and start new ventures — 17,000. I
think of the Tanzanian startup that helps farmers reduce their harvest losses.’
About AMBA
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and alumni and employers.
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