Makerere University has continued to hold an outstanding repertoire in the field of research and innovations.
The latest technological feat is one by a team of visionary students with the patronage of their tutors from two colleges at the hill.
The university innovation center with guidance from professors from College of Agriculture (CAES) and College of Computing and Information Sciences (COCIS) have combined effort to develop a Mobile Farming Investment Software (MFIS).
The determined technophiles captained by Najib MS (pursuing a course in Agriculture Year 3) have set out to revolutionize the Agricultural sector.
Mobile farming investment software (MFIS) is a digital farming platform that enables individuals to invest in safe and secure agriculture from anywhere all done on a mobile device.
MFIS enables remote, passive and decentralised agricultural investments.
The project ideally targets marginalized groups of people like the youth, women PwDs and urban citizens
The above have the following in common;
- Limited access to land for agriculture
- Unemployment yet agriculture is the most suitable employer of such categories
- Limited skills to participate in profitable agriculture.
- Lack of sufficient capital to singly and fully support a profitable Venture
MFIS bridges these gaps by providing a platform where employed and unemployed individuals with no access to land, the non-skilled and those with insufficient capital to earn a passive income by investing in professionally managed farms and receiving a fixed return on investment after a given period of time.
MFIS with help of its developmental partners, profiles and vets, profiles and lists safe and insured agricultural farms on the system and connects them to the digital farmers.
MFIS also helps the digital farmers in decision making by providing them with processed agricultural commodity producer-selling prices on a daily basis over a long period of time in form of charts.
MFIS, concept ideation and research started in 2020 at Makerere University software innovation Centre.
The project underwent a series of prototyping, testing and improvement and was launched on 9th May 2022, as of today, MFIS is less than 2 months on the market.
MFIS has registered a good performance with more than 50 million cash flows in revenue in 43 days’ worth of digital farming investments from Ugandans and non-Ugandans.
Majority of the subscribers are women and youth, thanks to the intense advertisement strategy.
“Our mission is to increase financial freedom of society vulnerable groups using a remote, passive and decentralised mechanism of agro-investments in the backbone of Africas economy (agriculture) through a concept termed as mobile farming,” Najib stated.
The vision of MFIS is to create a virtual reality kind of farming system where people in this new generation can participate in profitable farming for smart people at their own convenience.
We plan to have a more inclusive agricultural production that leaves no one behind. The less privileged in all aspects of physical, economic, social can attain financial freedom using a system that distributes a unit profit to a range of beneficiaries. This will not only improve individual incomes but also household incomes,” he added.
Luckily, the MFIS team has not countered major challenges. The team however plans to fully simplify and put the entire tedious and hectic process of farming under a single click on your phone.
For more information, visit; www.mobilefarminginvestmentsoftware.com and to farm digitally visit: https://www.mfiss.online
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