Acumen and the Lundin Foundation announce $1.5 million investment in Esoko Networks Limited
Monday, May 12, 2014
Acumen and the Lundin Foundation today announced a $1.5 million aggregate equity and debt investment in Esoko Networks Limited (“Esoko”), a Ghanaian-built technology platform that connects African farmers to markets via mobile phones.
The platform allows various stakeholders, from agri-business, NGOs, development finance institutions, governments and mobile network operators to profile and provide specific content as well as survey farmers to better understand their needs. The product enables farmers to receive market prices, offers, climate adaptation advice and agronomic tips that are expected to lead to improvements in yield and increased incomes. It enables businesses to profile farmers, track field activities and transactions, and market their products and services.