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agriBORA, a Kenyan agri-sector innovator has launched “agriGHALA”, a digital service that enables farmers to store their commodities in a certified warehouse, monitor market prices, and then sell at the optimal time. This initiative aims to revolutionize smallholder farming in Kenya by integrating a Warehouse Receipt-Central Registry System (eWRS-CR) with a digital trading platform, facilitating access to financial institutions.
The launch featured the opening of agriBORA’s first operational warehouse in Eldoret, marking Kenya’s third privately operated warehouse under the Warehouse Receipt System (WRS).
This initiative is a collaborative effort among the WRSC, the Uasin Gishu County Government, IFC with financial contributions from the Netherlands, the Agricultural Finance Corporation and Kenya Commercial Bank.
Through the agriGHALA service, agriBORA will issue warehouse receipts (WR) to farmers. These value-backed receipts for stored commodities will enable farmers to access credit, empowering them to purchase inputs for the next planting season, cover other critical expenses, and delay sales until market conditions improve. Additionally, warehouse receipts can serve as commodity contracts for trading on WRS-accredited exchanges.
The launch was officiated by H.E. Jonathan Bii Chelilim, the Governor of Uasin Gishu County, and brought together key stakeholders across the agricultural value chain, including farmer organizations, financial institutions, off takers, government agencies, investors and other development partners
Issuance of the Certificate of Conformity to Agribora
Issuance of a License by Uasin Gishu County Government
Issuance of a Warehouse Receipt to a depositor
Financing the warehouse Receipt issued.