Our Purpose: To feed the world more efficiently and to bring an end to world hunger through the integration of a collaborative and innovative financial platform.
Growth Finance Needed:
WFB aims to:
Work with more than 40,000 family farms in Eastern Africa to increase access to education, seed and fertilizer, irrigation equipment and micro-financing, thereby guaranteeing harvest off take and improving the post-harvest value of their crops and their incomes.
WFB believes that the future of sustainable development in agriculture worldwide, particularly in Africa, lies in the successful integration of smallholder family farmers into the agricultural value chain. We believe we will achieve this by: (a) combining blended capital from the private sector and the funding of development and research agencies with philanthropic support; (b) making the results of relevant agricultural research available to smallholder farmers; and (c) addressing the challenges of climate change, gender gaps, land degradation, high post-harvest losses, agricultural productivity and water usage to resolve food security now and in the future.
ACCESS: Smallholder farmers have access to sell into new and existing global markets.
SUPPORT: Training, inputs, insurance provision, and financial lending support for smallholder farmers.
SUSTAINABLE: Provide bid support for smallholder farmers, while bringing capital to enhance market efficiencies.
DEPENDABLE: WFB standardizes product and market data, increasing transparency and access to information.
EFFICIENT: The Exchange provides market transparency and price efficiencies for buyers and sellers, which dramatically increases the insurability and bankability of smallholder farmers.
2013-2017 Phase I: Set-Up Food Manufacturing and Commodity Grading Standards to comply with the US and Europe, and proved manufacturing capability.
Phase I proved our team’s ability to manufacture and store food with a long shelf-life, as well as proved the acceptance of our business model as a social-impact, for-profit company. During this period, WFB’s parent company, the Global Food Exchange also tested relief food in Africa and Latin America with a great report.
Some key events include:
• Development of complete meals and cereal blends to meet highest global standards;
• Manufacture and sale of almost 1 million full nutrition complex meals for use in disaster relief;
• Built world-class Boards of Directors and Board of Advisors;
• Ongoing outreach to farmers, traders, relief agencies, governments, and banks;
• Granted Memorandum of Understanding guaranteeing the purchase of up to 90,000 MT of manufactured fortified cereal per year from the government Ethiopia (if manufacturing does occur in Ethiopia);
• Working with banks to develop financing for facilities;
• Signed Uganda as the first member of the WFB, with an investment commitment of $50 mm USD;
2018 – Phase II: Establishing Operational Presence in Target Markets
Mr. Richard Lackey is a serial entrepreneur with a unique background that includes several years in emergency medical response and medical missions as well as almost three decades as an active trader and fund manager. He has appeared as an … Read More
Raised in Montreal, Scott applied his McGill civil engineering training to projects in the Canadian Arctic serving dozens of First Nation communities. Following jobs in other parts of the globe, he completed an MBA and moved into banking with Royal … Read More
Buzz has recently been asked to fill the role of President for the Global Food Exchange, focusing on leadership and overall oversight of the company’s human capital. Along with this role, Buzz is the Principal of Shiloh Capital LLC, a private … Read More
Joseph C. Ojwang has been a public health practitioner for the last fourteen years in his native Uganda. He is a Founder member of Sandgate Venture in Uganda that is advancing social enterprise of smallholder farmers, youth, and women groups … Read More
Christopher Smith has 33 years of experience as an entrepreneur and international financial professional, concentrating primarily on securitization and structured finance, both conventional and Shariah-compliant transactions (Sukuk), mergers and acquisitions and international business development. Mr. Smith most recently was Director … Read More
Doug has spent most of his career analyzing and making investments. He began as a security analyst, covering a wide range of industries and companies for two different well-known Denver asset managers. His responsibility and assets grew until he managed … Read More
Edgar Kakuru is a Graduate of Coventry University Business School with over 20 years’ experience in various fields stretching from printing and publishing with the Market Place Newspaper to sales and distribution for MTN mobile phone network. Working with his … Read More
George Meka Abessolo has more than fifteen (15) years of professional and management experiences in advisory, financial management, investment, monitoring and evaluation, audit, operations and strategic analysis of both public and private entities in the telecommunication, agriculture, transportation, energy, health, … Read More
Henry Kizito-Musoke is an accomplished development worker turned social entrepreneur with over 24 years of experience designing and managing human development programs with local and international NGOs working in Uganda. Between 2002-2012, Mr. Musoke was at the apex of one … Read More
Executive Assistant and Office Manager with over 15 years of experience partnering with executives and entrepreneurs in their pursuing their mission. Julie has a varied background in establishing action plans for an effective mix of project management, technical capacity, administration … Read More
Sarah Andrews is a marketing communications executive with over 15 years of experience in the fields of journalism, marketing, public relations, business development, and organizational leadership in both domestic and international settings. Her prior roles include work as an award-winning newspaper reporter and … Read More
As of 2017, Tana is the Senior Research Associate for World Food Bank. Her knowledge and experience reflect her commitment to education, as she recently earned her Doctorate of Philosophy degree in English at the University of North Texas. Prior … Read More
By 2030, 120 million new hectares will need to be planted to meet expected global demand. According to the UN Food and Agriculture Organization (FAO), Africa will be a major source of new food production, with roughly 60% of the world’s uncultivated arable land. More hectares under cultivation, combined with improved inputs and mechanization, can more than double Africa’s current agricultural output. With agricultural output in Africa expected to grow 2.5% annually through 2030, the time for catalyzing this new storage technology is now.
WFB enhances the value chain by:
- Supporting smallholder farmers with training, inputs, insurance and capital lending.
- Standardizing product and market data, WFB increases transparency, dependability, and access to information.
- Through the WFB model, smallholder farmers have access to regional and global markets.
- Investment funds and banks like WFB provide bid support for smallholder farmers, increasing market efficiency through access to capital.
Please contact the Impact Marketplace team for more information on WFB Expansion Plans.
At the World Food Bank, our mission is to revolutionize the world’s agricultural systems through an innovative investment platform that empowers stakeholders across sectors and creates efficiencies in food production and finance
- Enabling the transition from an agrarian to manufacturing economy through food supply-chain capacity building
- Reducing commodity price volatility
- Improving food safety and security for 200M East Africans