The just concluded African Agri Investment Indaba hosted ag stakeholders, chiming in on the sector’s state of financing, inclusion and productivity.
Nigerian agrifintech startups are taking up the challenge of addressing the 78% of Nigerian farmers who lack access to formal financial services.
Investment in farm technologies was particularly buoyant, increasing 185% year-on-year and accounting for 60% of the total number of deals closed.
The chosen six startups aim to bring regenerative, nutritious, and sustainably and equitably produced food to Sub-Saharan Africa.
Ghanaian agrifintech AgroFides is linking farmers to lenders and using its credit scoring tools to build their financial profiles to unlock more financing.
Taimba, a Kenyan B2B agritech startup, has expanded its marketplace to offer transportation, cold storage, fintech solutions and is now eyeing up input procurement too.
Crop2Cash’s online sales and payments marketplace is helping Nigeria’s unbanked farmers build a financial identity and improve their livelihoods.
Nigeria’s female-led Traders of Africa is helping facilitate the trade of African sourced produce, bridging the trust divide between buyers and sellers while at it.
Bushel Wallet aims to digitize, speed up, and simplify the process of moving payments between farmers and agribusiness partners in the US.
The 7th Agritec Africa Conference was a three-day event showcasing agricultural technologies. Key sessions involved organic agriculture, soil health and its conservation, agri-mechanization and application of plasticulture.
In providing access to quality inputs, financing, and training, Good Nature Agro is aiming at ultimately helping Zambia’s farmers – the primary income earners in rural Zambia – transition to the middle class through higher incomes.
Eastern and Southern Europe have recently seen the entry of Tarfin and Agro.Club, two agri-fintechs that are expanding into new markets. These regions have sufficient data availability which can be used to localize risk algorithms. They also have a large population of small to medium-sized farmers.
Corteva Agriscience has recently invested in a South Africa-based seed treatment facility to help in developing healthier seeds and reducing yield loss.
For Earth Day 2022, we explore some of Africa’s ecosystem enablers working to support and finance climate-smart agriculture startups.
The Cargill-MacMillan family, which owns about 87% of Cargill, has seen its fortunes soar as global commodity prices hit all-time highs against a backdrop of pandemic, war, and economic uncertainty.
It’s digitalizing Asian and African agribusiness with software that helps mid- to large-size operations manage their data and finances.
Nigeria’s ThriveAgric and Kenya’s Apollo Agriculture raised close to $100 million between them this week in a watershed moment for African agrifoodtech.
A small but growing list of agrifood companies are pledging to go net water positive or making other commitments around water reduction.
With so much of the world’s food and fertilizer — and tech prowess too — coming from Ukraine and Russia, we’re facing yet another global food crisis.
Local language services for farmers, enhanced capital access, and regenerative ag are just some of the options.
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