Tag: AFN Africa

Offering homestyle African cuisine, Kune is changing the face of Kenya’s food delivery sector

March 11, 2022

The Nairobi-based startup raised $1 million in pre-seed funding last year.

East Africa can tackle food insecurity via digitalization, but infrastructure needs funding too: report

March 10, 2022

East Africa faces drought, livestock deaths, and starvation. Rapid digitalization is helping – but infrastructure development needs to keep pace.

‘African founders, African VCs, solving African problems’: Marketforce CEO on $40m Series A

March 1, 2022

The Kenyan retail platform connects small-scale merchants with FMCG brands and financing options so that they can grow their businesses.

In Ghana’s agrifoodtech sector, investors and entrepreneurs share mutual skepticism

February 28, 2022

Ghana’s nascent agrifoodtech sector is active, but investors lack familiarity with the market while entrepreneurs are cautious of raising capital too soon.

10 startups join Endeavor & FMO’s cohort to accelerate agrifoodtech in Africa

February 23, 2022

The year-long program is designed to prime Africa’s agrifoodtech VC pipeline by supporting early-stage startups with investment and business readiness.

ProXalys raises funds to reinvent supply chain in Francophone Africa

February 22, 2022

The Dakar-based startup is boosting linkages between smallholder farmers and small-scale vendors in Senegal’s informal retail sector.

Through microfinance, AgroCenta is developing end-to-end solutions for Ghana’s smallholders

February 10, 2022

It’s the startup behind grain trading and logistics platform CropChain and financial services provider LendIt.

EOS Capital’s Euphrates Fund wants to give Namibia’s ag sector a climate-friendly upgrade

February 9, 2022

The woman-led fund has raised $5.7 million to help the country’s ag sector embrace technology, improve climate resilience, and empower women.

Q&A: Ignatius Akpabio on TradeDepot’s $110m raise & Africa’s e-commerce surge

February 4, 2022

Fresh off its $110 million funding round, Nigeria’s TradeDepot is pushing the boundaries of digitalization and financing for Africa’s small food businesses and retailers.

Virtual auction site SwiftVee helps South Africa’s livestock farmers mitigate climate impacts

January 27, 2022

SwiftVee is helping farmers secure fairer prices for their animals amid both drought and increasing global meat prices.

Q&A: VestedWorld’s Euler Bropleh on the opportunity of investing in ‘the basics’ in Africa

January 26, 2022

Chicago-based impact investment fund VestedWorld has supported more than 20 African startups addressing critical social and market needs, like improving cost and value chain for food.

In Kenya, Apollo Agriculture is building a pathway to commercial farming

January 24, 2022

The Kenyan agtech venture is helping small farmers shift toward sustainable commercial farming with access to seeds, finacing and markets.

In first Africa investment, Aqua-Spark backs Lake Harvest to spur local farmed fish production

January 19, 2022

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.

Q&A: AFEX’s $100m bond aims to unlock climate-smart capital for Nigeria’s ag sector

January 14, 2022

The Food Security Fund will be used to finance 250,000 hectares of commercial and smallholder farmland in Nigeria for climate-smart production.

Nigeria’s Grocedy is fighting food inflation with grocery subscriptions

December 23, 2021

E-grocery exploded during the Covid-19 pandemic. In Nigeria, Grocedy’s focus is on helping consumers save on rising food costs rather than shopping convenience.

OKO Finance is delivering crop insurance to cushion Mali’s farmers from climate change

December 21, 2021

OKO Finance offers crop insurance to smallholder farmers in Mali – one of the few fintech companies focusing on the landlocked West African country.

How cold storage could be an antidote to Africa’s hefty food imports

December 14, 2021

InspiraFarms is deploying off-grid cold storage technology to help Kenya cut hundreds of millions of dollars of seasonal food waste.

Vendease wants to be the Amazon for Nigeria’s food vendors

December 9, 2021

The Lagos-based startup is aiming to make the country’s food supply chain much more predictable for stakeholders by using data, drivers, and loans.

Investors are clamoring for a slice of Egypt’s B2B logistics tech scene

December 2, 2021

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.

Q&A: Aerobotics co-founder James Paterson on centering the farm in ‘farm tech’

November 29, 2021

The Cape Town-based startup considers itself a farming company enabled by technology, rather than a tech company working in ag, says CEO James Paterson.