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.
SwiftVee is helping farmers secure fairer prices for their animals amid both drought and increasing global meat prices.
The Kenyan agtech venture is helping small farmers shift toward sustainable commercial farming with access to seeds, finacing and markets.
The Dutch VC invested in the 25-year-old tilapia farming company to curb Africa’s reliance on food imports and address skyrocketing protein needs.
The Food Security Fund will be used to finance 250,000 hectares of commercial and smallholder farmland in Nigeria for climate-smart production.
OKO Finance offers crop insurance to smallholder farmers in Mali – one of the few fintech companies focusing on the landlocked West African country.
InspiraFarms is deploying off-grid cold storage technology to help Kenya cut hundreds of millions of dollars of seasonal food waste.
Trella, Capiter, and MaxAB are among dozens of startups that have raised funding of late to overhaul Egypt’s fragmented and inefficient B2B logistics space.
“The potential for remote farming is huge,” says CEO Moses Kimani.
Kenya has emerged as a hotspot for agtech innovation in Africa, developing more than 100 solutions driving growth, productivity and sustainability in the agricultural sector.
The Kenyan startup is building a tech bridge between insurance companies and millions of smallholder farmers to protect them from climate change.
It’s reintroducing small-scale biogas technology to Malawi’s farms in order to provide a more sustainable source of fuel and fertilizer.
Releaf recently raised $4.2 million to build palm oil processing facilities across Nigeria that it claims can boost the sector’s productivity 200x.
The Kenyan startup is hoping its inventory management app can digitalize supply chains and mitigate financing challenges for food businesses across Africa.
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