“BIFT is a significant step forward in addressing the smallholder financing gap by unlocking much-needed private capital.”
Legume Technology secured a $2.83 million grant from the Gates Foundation for its microbial biofertilizer that increases crop yield.
“Our system is anchored on delivering fresh produce at the right price in a timely manner,” says co-founder Youssef Mamou.
The PFS consortium shares technical and business expertise with entrepreneurial food companies in 11 African countries.
Via an irrigation-as-a-service platform, Stable Foods tackles the prevalent challenge of food insecurity and poverty in East Africa.
Deeper collaborations with Global South peers can herald a paradigm shift in Africa’s agricultural landscape.
ThriveAgric has a target to provide $500 million in credit to 10 million smallholder farmers by 2027 and $1 billion to 20 million by 2050.
Shamba Pride digitizes many tasks for agro-dealers in an effort to improve quality and traceability as well as access to information.
African Agriculture aims to transform the Sahel’s beef and dairy industries through the production of animal feed.
A new One Acre Fund program will act as a “resilience shield” for the 97% of smallholder farmers in Africa lacking insurance.
AAII participants said collaboration can positively impact everything from policy to infrastructure gaps to supply chain issues.
Empowering African agrifoodtech startups in terms of funding and business strategy remains at the core of the new program.
While VCs pumped just $3.2 million into farm management software for African agriculture, this is up from 2021.
Growth stage startups attracted 28.1% of funding pumped into in Africa’s agrifoodtech ecosystem in 2022 vs 10.3% in 2018, according to AgFunder’s new Africa AgriFoodTech Investment Report, 2023.
African agrifoodtech investment declined 77% year on year in the first half of 2023 as global macroeconomic trends curtailed growth.
Agtech startup Green Afro-Palms is on a mission to help smallholder farmers unlock the potential of palm oil in Ghana.
It’ll now be able to back more high-growth, ‘mid-cap’ agribusinesses aiming to become regional and global players, says chief investment officer Chris Isaac.
The Nairobi-based startup raised $1 million in pre-seed funding last year.
East Africa faces drought, livestock deaths, and starvation. Rapid digitalization is helping – but infrastructure development needs to keep pace.
The woman-led fund has raised $5.7 million to help the country’s ag sector embrace technology, improve climate resilience, and empower women.
