NotCo has big plans for its AI tool, while nutrition platform HealthKart will expand its business and Winter Farm will grow a new crop.
Achieving food security and boosting smallholder farm incomes go hand in hand; Robert Madziva aims to do both with his digital agribusiness platform.
Nigerian agrifintech startups are taking up the challenge of addressing the 78% of Nigerian farmers who lack access to formal financial services.
Meanwhile, collaborative investment platform FoodShot Global announced the winners of this year’s esteemed GroundBreaker Prize.
To the casual observer, Africa’s agricultural development presents something of a paradox. Despite registering the fastest agricultural productivity growth rate than any region and more than doubling agricultural exports to the rest of the world over the last 20 years, the continent’s food imports are rising faster than ever.
The segmented and unstructured nature of Africa’s food and FMCG supply chains calls for interventions, which investors seem to be leaning into.
IPES-Food also suggests building “sustainable food systems” that reduce waste, improve nutrition and bolster the supply chain were also left out.
Sessions at the AfricArena Grand Summit had diverse panels discussing investments and changing narratives on the perception of Africa’s startup ecosystem.
Other notable raises this week came from shelf-stable meal producer Proper Good and Mexico produce rescue company Perfekto.
Agroforestry grows increasingly critical for fighting climate change, restoring biodiversity and boosting incomes and economies for rural communities.
Ostara closes $70 million round and more than one vertical farming startup ceases operations.
The chosen six startups aim to bring regenerative, nutritious, and sustainably and equitably produced food to Sub-Saharan Africa.
To curb deforestation and habitat destruction, governments must invest in scaling up more sustainable solutions to conventional animal protein production.
FoodInsure’s Ahmed Umar wants to offer a path to food savings insurance while connecting Nigerians with smallholder farmers and cheaper food prices.
The 3rd GROW Impact Accelerator Demo Day will feature 9 agrifoodtech startups from across the globe. Tune in on November 10 to connect with them.
Africa is responsible for just 3% of global carbon emissions. While there are calls for developing nations to seek compensation from the world’s biggest emitters at COP27, developing nations must also look to technology to mitigate the impacts of climate change – or adapt.
Meanwhile, Estonia-based FlyFeed lands funds to build insect farms and more delivery robots head to university campuses courtesy of Grubhub and Starship.
African Agrifoodtech investment deals in 2021 were dominated by seed stage deals, which took 80% of 150 deals recorded.
Bonbell co-founder Doaa Abdel Hameed shares here thoughts on enhancing the hospitality industry, her company’s future, and supporting female founders.
Midstream Technologies was a leading category after scooping 60% of the total amount of agrifoodtech investments made in Africa in 2021
