WAITING A LIFE TIME TO BREAK THE POVERTY CHAIN

Posted: Wednesday, 13 February 2019

    Doris Dankwaa is not sure of her exact age, she is not sure when the next bill for her children’s school fees will come, she doesn’t know what caused the death of her eldest son and she doesn’t know what the next day holds. However, one thing she can certainly be sure of is that soon she will have access to enough cash to handle most of her household needs through the aquaculture shares she purchased from SkyFox Limited. Doris is a widow with three children and raising her son’s four children in a rural village called Kwasi Addae in the Afram Plains South District of the Eastern Region of Ghana. She lost her husband many years ago and recently lost his eldest son through an unknown sickness. Doris’s second oldest son lives a few meters from her and occasionally provide for Doris and her grandchildren. The children are often ill. During the last visit of the Abotre Ye group to Adawso to monitor the progress of their investment, Doris could not go with the group because her five-year grandson had a fever and stomach pains. She could not take her to the health center because she had an expired Health Insurance and could not pay out of pocket. Doris and her family understand that it was important for them to have money and move out of the misery life they were in. People like Doris is the reason why SkyFox created the share formula for its Integrated Aquaculture and Crop Production Project. While families such as Doris’ are not able to engage in any meaningful income generating activities, they can sacrifice to purchase a few shares in the SkyFox Aquaculture Crowd Farming Model to help them break away from poverty one day. is belongs to the women group called Abotre Ye which has purchased 30 shares in the project, worth 300kgs at a cost of GHS 3,000.00 from SkyFox Limited. SkyFox, through USAID/SWFF financing provided credit financing to the group to purchase an additional 30 shares making a total of 60 shares (600kg of fish) and a total investment of GHS 6,000.00. With this investment, the group will receive 600kg of Tilapia after harvesting the pond in six to seven months’ time. The anticipated date for the harvest is 22nd February 2019. Doris and all the other women in the group will meet other groups at the SkyFox project site on this day to collect their portions of fish. SkyFox guarantees the groups a minimum price of GHS 13/kg for tilapia. This means Doris and her group are hoping to make gross revenue of GHS7,200. After paying the Credit financing of GHS3,000 to SkyFox for the extra 300kg they received on credit, they will be left with GHS4,200, starting with an investment of GHS 3,000, meaning 40% return on investment over a seven-month period. Doris has ten shares in this group, which entitles her to 200kg of fish (including the portion financed by SkyFox on credit). Doris expects gross revenue of GHS 1,400.00 from her investment of GHS 1,000 six months ago. “I have never made such a profit in any singly investment in my life and I never dreamt of this at my old age,” says Doris. According to Doris, she plans to send her grandson, who recently dropped out of school for financial reasons, back to school. She is hopeful this intervention will support many families in her community to escape poverty in the near future. Doris cannot wait to receive her cash by the end of the month. Story by Mununi Samyuri    

Forty-four thousand people benefit from Securing Water for Food Project in Ghana

Posted: Tuesday, 29 January 2019

About 44,658 people have benefited (directly and indirectly) from the Securing Water for Food (SWFF) project in Ghana over the past one year. SkyFox Limited is implementing the SWFF Project funded by the Governments of the United States, the Netherlands, Sweden and South Africa. The agricultural sector forms an intrinsic part of the economies of most developing countries. According to Index Mundi’s Ghana Economic Profile (2018), agriculture employs more than 50% of Ghana’s workforce, while the Ministry of Food and Agriculture also estimates about 18.3% contribution to total GDP by the sector in the 2017 Agricultural Sector Progress Report. Contribution of Crop and fisheries to the total agricultural GDP was also estimated at 56% by the Ministry in 2017. Agriculture is therefore vital to the socio-economic development of the country, while the crop and aquaculture sub-sectors are central to the development of Ghana’s agricultural sector. Though an indispensable part of the country’s economy, the industry has faced many challenges over the years, including inadequate irrigation facilities, lack of interest by the youth in agriculture, limited funding support to agricultural development, inadequate rainfall due to climate change and the lack of innovative technology to improve the sector, as well as over-reliance on rainfall for farming. Determined to address these challenges, SkyFox Limited, a social enterprise with headquarters in Ghana, with funding and technical support from the Sustaining Water For Food program [ Read more... ]

Integrated Aquaculture and Crops Production in West Africa

Posted: Wednesday, 25 July 2018

SkyFox Aquaculture Investments is a special Initiative of SkyFox Ltd to create unlimited opportunities for the people to participate in the life changing and lucrative aquaculture industry in Africa. We mobilize investors to finance the construction and management of aquaculture production facilities, and lease these to resource poor families, women and youth entrepreneurs to produce fish. We manage water supply for the fish farming, organize all inputs and expertise within the farm, thereby simplifying and reducing the cost of logistics for our clients. Each entrepreneur is assigned an expert to guide them throughout the production cycle in order to boost their productivity. The pond water is discharged daily and replaced with fresh water; about 80% of water for daily replacement is recycled. In the dry season, the waste water is channeled to irrigation fields through a network of pipes to produce crops. SkyFox Limited is implementing this initiative in Ghana, Guinea, Sierra Leone and Burkina Faso in 2017. We will extend to Liberia in 2019.      

Making Payments Through a Mobile Money Agent

Posted: Friday, 13 March 2015

You can pay for a spare part you have ordered on the system by going to a mobile money agent, if you do not have a mobile money account. To do this: Identify the part (Item) Check the price of the part or item Make an order on the system using your mobile phone (the system will generate total cost and order code Contact mobile money agent and provide the order code Give the total cost as generated by the system to the mobile money agent. Mobile money agent makes payment through any of the following phone number (0265604815,  0571000800,   0540515667)  Payment will be made on your behalf and the part delivered as ordered Note that, a commission will be charged for this transaction