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 category’s strong fundraising performance underscores its potential to positively impact Asia-Pacific, especially when it comes to smallholder farmers.
IPES-Food also suggests building “sustainable food systems” that reduce waste, improve nutrition and bolster the supply chain were also left out.
The Mexico agtech ecosystem is not bowing to global pressures as new innovations continue to crop up and develop, writes Adrian Garcia-Casarrubias.
Smaller-sized farmers in Mexico have no access to credit. Verqor wants to change that by digitizing more of the country’s ag operations.
The agribusiness marketplace for Ghanaian smallholders has raised $6.5 million in equity and $6.4 million in debt.
SokoFresh provides a mobile cold storage solution for smallholders in Kenya, based on a ‘pay-as-you-store’ business model.
Nigeria’s ThriveAgric and Kenya’s Apollo Agriculture raised close to $100 million between them this week in a watershed moment for African agrifoodtech.
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 Israeli company will further develop its smart irrigation tech API for smallholder farmers facing the impacts of climate change.
East Africa faces drought, livestock deaths, and starvation. Rapid digitalization is helping – but infrastructure development needs to keep pace.
The Jakarta-based startup links sellers of fertilizers, seeds, and other inputs with local ag stores that serve smallholder farmers across Indonesia.
The Dakar-based startup is boosting linkages between smallholder farmers and small-scale vendors in Senegal’s informal retail sector.
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.
The Kenyan agtech venture is helping small farmers shift toward sustainable commercial farming with access to seeds, finacing and markets.
It’s boosting farm incomes and reducing food waste by providing logistics, warehousing, and financing solutions to small-scale grain growers.
Agrolend will use the funds to increase its credit portfolio, enabling more options for farmers using its fintech platform.
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
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.
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International Fresh Produce Association launches year 3 of its produce accelerator