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Babban Gona, Nigeria’s Social Enterprise Firm Gets $5 Million IFAD Loan
The loan will help Babban Gona support 377,000 small-scale rice and maize producers in Nigeria with a comprehensive package of training, quality inputs, and marketing services.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Fashion for Good Consortium Pilots Resource Efficient Cotton Farming
Fashion for Good launches a new, two-year pilot project in collaboration with leading brands Kering and PVH Corp., and leading global textile manufacturer Arvind Limited to pilot a radically resource-efficient cotton farming technology provided by Fashion for Good innovator, Materra (formerly hydroCotton).
- Categories
- Agriculture, Technology
- Tags
- agriculture, agtech, environment, farming, supply chain
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Farmer Connect Announced a $9 Million Series A Funding led by ITOCHU
Agritech company Farmer Connect, best known for its coffee blockchain traceability solution, has announced a $9m Series A funding led by ITOCHU, to help create sustainable food supply chains.
- Categories
- Agriculture, Technology
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Fund Worth $25-Million Launches for Early-Stage African Tech Startups
Savannah Fund, a technology seed fund focused on investing in early-stage startups across sub-Saharan Africa has announced the launch of a $25-million fund.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Provivi Gets $10 Million From Gates Foundation for Insect Control
The crop protection start-up Provivi has received a $10 million investment from the Bill & Melinda Gates Foundation to produce pheromone-based insect control technology for smallholder farmers in developing countries.
- Categories
- Agriculture, Technology
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Press Release: AgTech Company SeeTree Raises $30 Million in Series B Funding Round to Scale Globally and Expand into New Crops
SeeTree, an AI-powered, end-to-end service that provides growers with intelligence on trees and tree clusters, announced today that it has raised $30 million in a Series B funding round led by the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This third round of funding, one of the largest investment rounds for an Israeli Agtech company, will allow SeeTree to scale globally, grow the R&D and customer-facing teams and broaden services to cover new crops.
- Categories
- Agriculture, Technology
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Meet the Agritech Entrepreneurs Who Just Raised $6 Million to Help Farmers in Kenya Grow Their Business
Our research Powering Youth Employment through the Mobile Industry in Sub-Saharan Africa by 2025 found that as of 2018, the mobile industry directly employed 1.2 million youth (three out of five people) in the informal sector, in roles predominantly associated with distribution (e.g. airtime resellers). We also estimated that by 2025, total direct employment in the sector will grow by 26%, accounting for 2.4 million jobs, 500,000 of which will be new jobs.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Solving the Credit Impasse: How Big Data and AI are Generating Funding Opportunities for Smallholder Farmers in Africa
Smallholder farmers provide over 80% of the food in much of the developing world, making a major contribution to poverty reduction and food security. Yet as Iftin Fatah at the U.S. International Development Finance Corporation points out, in Africa, less than 3% of total bank lending goes to the sector – even though it accounts for about 70% of all employment and over 40% of GDP. She explores some innovative, tech-driven solutions to this perennial problem.
- Categories
- Agriculture, Technology
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