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Agritech

A collection of 14 posts

MENA Agritech Report H1 2023

MENA Agritech Report H1 2023

The MENA VC ecosystem witnessed a slow start in 2023, with funding declining by 13% YoY, and deals plummeting by 55%. In the first half of 2022, the highest funding deal was recorded in February with $375 million

Kenyan Agritech Startup, iProcure Partners FtMA to Expand into Tanzania

Kenyan Agritech Startup, iProcure Partners FtMA to Expand into Tanzania

iProcure, a leading African agricultural input supply startup based in Kenya, has partnered with Farm to Market Alliance (FtMA) to expand its operations into Tanzania. FtMA is a consortium of public and private institutions focused on increasing the income and resilience of smallholders. It also boosts commercial viability throughout the

Food Crisis and Biotech to the Rescue

Food Crisis and Biotech to the Rescue

Food insecurity and chronic hunger are major recurring problems that exist in developing countries. Several approaches, including biotechnology, have been explored to cope with emerging issues of climate change and natural disasters that handicap poorly funded farmers. The countries in Southern Africa, including Zimbabwe, Zambia, Mozambique, and Malawi, are the

Ghanaian-based Agritech Startup, Farmerline Expands to Francophone African Countries

Ghanaian-based Agritech Startup, Farmerline Expands to Francophone African Countries

Ghanaian agri-tech firm, Farmerline has announced the launch of operations in the Ivory Coast as part of its expansion into the Francophone African countries. Founded in 2011 by Alloysius Attah and Emmanuel Owusu Addai, and has since collaborated with more than 3,000 partners in 48 countries to deliver daily

South African Farmers Can Access Input Cost Reduction through PrysWys

South African Farmers Can Access Input Cost Reduction through PrysWys

SwiftVEE, pioneers in the South African livestock trade industry, has launched PrysWys, an app intended to lower farmers’ input costs. PrysWys is a retail business that connects farmers with input manufacturers directly, cutting expenses by as much as 50% in some cases. It is available online, through the Apple App

THE ROLE OF AGRITECH IN ENSURING FOOD SECURITY IN NIGERIA

THE ROLE OF AGRITECH IN ENSURING FOOD SECURITY IN NIGERIA

With Nigeria’s population growing at a rate of 3.1% per year and expected to reach 400 million by 2050 according to UNFPA, enhanced agricultural productivity through the adoption of agritech; new technologies, and innovation is required to ensure food and nutrition security, particularly for the poor and vulnerable.

Stable Foods, Kenyan Agritech Startup Receives $600K to Build Integrated Solutions

Stable Foods, Kenyan Agritech Startup Receives $600K to Build Integrated Solutions

Stable Foods, a Kenyan-based agritech portfolio company of Pyramidia Ventures, an agrifood-tech venture studio has today announced receiving $600, 000 in investments from Acumen Resilient Agriculture Fund (ARAF) and Mercy Corps Ventures to scale up Stable Foods’ proof of concept to 500 farmers by the end of 2023. Also, the

Farmerline Ghana Secures $1.5 million From Dutch Investor

Farmerline Ghana Secures $1.5 million From Dutch Investor

Farmerline, a Ghanaian agtech startup has recently secured equity funding of One million Five hundred thousand US dollars ($1.5 million) from Oikocredit a Dutch impact investor. This is Farmerline’s second closing in its pre-series round. The dutch investment brings the total raised fund at Fourteen Million, Four hundred

How Agritech can Curb Food Loss in Africa

How Agritech can Curb Food Loss in Africa

Ironically, most African nations imports agricultural goods that it is capable of producing. Nigeria, for instance, produces cocoa and cotton but buys textiles and chocolates from other nations. Experts have repeatedly emphasized the necessity of preventing food loss and wastage, urging the government at all levels and corporate investors to

How Mastercard’s Partnership with EcoBank is Digitizing Agricultural Value Chain in Africa through Farm Pass

How Mastercard’s Partnership with EcoBank is Digitizing Agricultural Value Chain in Africa through Farm Pass

Millions of smallholder farmers in Sub-Saharan Africa now have access to Mastercard’s Farm Pass, a digital platform that makes it safer and simpler for farmers to sell their produce at a fair price. Farm Pass comes as a collaboration between Mastercard and Ecobank Group. As part of the agreement,

South African Agritech Startup, Homefarm, Secures $104k Funding from CapaciTech

South African Agritech Startup, Homefarm, Secures $104k Funding from CapaciTech

The parent company of South African Agritech startup Homefarm, PixelBlue, claims to have raised R1.7 million (about $104k) in seed funding to enable customers, communities, and enterprises to grow more of their fresh food produce on-site where it is consumed. Investment firm, CapaciTech led the round. Homefarm claims in

South African Agritech Startup, Aerobotics, Launches Aeroview Platform for Farmers

South African Agritech Startup, Aerobotics, Launches Aeroview Platform for Farmers

A new yield management platform has been made available by South African Agritech startup Aerobotics, giving growers tools to monitor, control, and safeguard their harvests. Aerobotics, a company founded in 2014, combines overhead imagery from drones and satellites along with machine learning algorithms to help tree and wine producers identify

Solar Freeze is Cutting Africa’s Food Losses through its Integrated Post-Harvest Management Approach

Solar Freeze is Cutting Africa’s Food Losses through its Integrated Post-Harvest Management Approach

There is a ton of food produced worldwide that is never eaten. The value of these food losses and waste in poor nations alone is over $300 billion. The main cause of this is a lack of refrigeration and storage facilities, which results in a short shelf life for produce

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

A Kenya-based technology firm that helps small-scale farmers increase their profitability, Apollo Agriculture, has agreed to take up a US$9.5 million loan from the US government-backed International Development Finance Corporation (DFC) for up to ten years. The DFC said the 10-year loan would assist to improve Kenya’s