On October 28, 2015 at Oracle’s Annual OpenWorld Conference, USAID’s Southern Africa Trade Hub received the prestigious Oracle Sustainable Innovation Award 2015 for its Warehouse Receipts System IT programs piloted in Zambia and Mozambique. The award is given to companies and organizations applying technology to support sustainability and concerted efforts to improve the livelihoods of others.
The Warehouse Receipts System (WRS) assists smallholder farmers and traders to store their grains in certified warehouses until prices are favorable later in the season and use their receipt as collateral to purchase seeds and supplies. A warehouse receipt is generated electronically via a web-based platform. Farmers depositing grain can use the warehouse receipt to access finance from a pre-approved facility lodged by banks online.
Photo: The Trade Hub was one of five awardees selected by the Oracle Award Board in San Francisco. Maureen Grosvenor, Chief Strategy Officer for APPSolve, the Trade Hub’s Oracle Vendor in South Africa, attended the conference and accepted the award