Agribusiness Incubation

Women & Youth-in-Agribusiness (WYiA) Project

The WYiA is one of the key strategic planks of the OAK Foundation designed to achieve its objective of developing professional women entrepreneurs in productive sectors of the Ghanaian economy. It contributes significantly to our mission of making highly educated professionals of young women by identifying and growing young women entrepreneurs in agriculture and agribusiness.
The WYiA project is an agribusiness incubation scheme that focuses on identifying young female graduates who have a keen interest in developing careers as entrepreneurs within the agriculture industry; and supporting these women to establish and successfully manage businesses within this space. The vision is to produce highly successful and profitable agribusiness giants in Africa managed by women entrepreneurs. The WYiA is made up of the following components:

  • – Land banks & tenure systems development
  • – Development of FARM-to-TABLE agribusiness models
  • – Identification, selection, formation and training of Women Graduate Business-Units
  • Business incubation and advisory services
  • – Technical support services : Seeds & Seedlings, Extension Services, Irrigation & Water, Financial Aid, Business controls & financial controls, Sales & Marketing
  • – Storage & Silos (research) management

OAK Foundation has secured over 1,000 acres of land in Ejura-Ashanti and Asutsuare Greater Accra. The land secured is being divided into 2-10 acre lots and assigned to selected Agri-Business enterprises, preferably formed or led by young women. To take advantage of established commercial opportunity for large scale cultivation, value addition and industrial demand, the WYiA project will focus on mixed cropping of cereals, legumes, tubers and vegetables.

WiA Project implementation details

  • – Total acreage to be cultivated = 1000 acres in Ashanti Region and 1000 hectares in Greater Accra
  • – Each agribusiness enterprises scope of operations will cover cultivation and management of minimum 2 acres to maximum 10-acre farm, processing, value-addition, sale of industrial raw materials and marketing of consumer food brands.
  • – The agribusiness incubation scheme will be delivered through two main channels. Individuals and teams interested in joining the agribusiness incubator scheme may select one channel which best suits their profile, eligibility and resource capabilities.
  • – Under the first channel or Model 1, OAK Foundation will sublet up to 10-acres of farmland to an individual who wants to own/operate farm venture in crops and animals. OAK Foundation will provide pro forma costing for the clearance and cultivation per acre of land to this prospective partner. OAK Foundation will also provide management and marketing services on behalf of this partner, up to harvesting and selling. In this instance, the farm is owned by the investor on a build-own-operate-transfer basis for 10+ year term, which may be renewed subject to terms and conditions. If required, OAK Foundation will provide farm management services for a fee. The consideration or land tenure for the acreage allocated will be an agreed percentage of harvest proceeds. In effect, OAK will provide prospective investor with initial start-up cost per acre of land and monthly management fees to cover labour etc.
  • – Under the second channel or Model 2, OAK Foundation will partner with a prospective investor to cultivate up to 100-acres acres of farmland. Prospective investors may contact OAK Foundation for details and business plans for this option.