Letter on the way to the desert via MEASA
The Middle East, Africa and South Asia have many ties between them that create a huge market opportunity for agrifoodtech.
The Middle East, Africa and South Asia have many ties between them that create a huge market opportunity for agrifoodtech.
Encouraging the adoption of biofuels such as castor could boost incomes for farmers in rural Africa, claims Casterra.
Bioomix announced funding for its microbial ag solutions and Doritos is on a mission to silence its chips.
The two will develop microbiome-based solutions that reduce methane emissions for beef and dairy cattle and enhance feed efficiency.
General Mills and Walmart partner for regenerative ag, grain-trading platform Bushel gets a grant, Italy back-pedals on cultivated meat ban.
While VCs pumped just $3.2 million into farm management software for African agriculture, this is up from 2021.
After recording a 750% increase in funding between 2018 and 2022, last year Midstream startups in Africa recorded a 45% drop in funding.
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.
Mercy Corps Ventures and Farm Star are testing the use of Web3-enabled rewards to drive adoption of regenerative agricultural practices.
Tikehau Capital invested in a biologicals startup and agrifoodtech layoffs continued.
Since 2013, investors have poured $1.76 billion into the continent’s agrifood startups, with growth climbing upward much of that time.
We’ve all felt the impacts of climate change this season but they’re especially pronounced in Africa; of the 20 nations ranked as most vulnerable to climate change, all but four are African. Meanwhile acute food insecurity has dramatically increased in the past year.
Mercy Corps Ventures is testing blockchain to get cash transfers to pastoral communities in Africa ahead of climate shocks.
Kenya, Nigeria and Egypt cumulatively raised 86% of all funding in 2022 for African agrifoodtech startups.
African agrifoodtech investment declined 77% year on year in the first half of 2023 as global macroeconomic trends curtailed growth.
Plus, new funds for climate tech and Africa smallholders, and an indoor farming startup goes public.
Biomass fermentation startup MycoSure has accelerated its innovation process via a collaboration with leading South African R&D organization the CSIR.
Lissy Smit explains how the Aqua-Spark portfolio is addressing some of the greatest challenges right now for ocean and marine life.
Plus, CPG product-testing startup Highlight raises $18 million and Jimi Biotech debuts cultivated deer antler.
Africa’s smallholder farmers need drip irrigation and improved post-harvest storage, but investors are more interested in AI, CEA, blockchain and cultivated meat, says Prosper Chikomo.