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Degas Limited Pledges $100 Million to Make Ghana Africa’s First AI-Powered Agricultural Hub
Degas’ platform combines AI-driven satellite monitoring and agriculture techniques. The results, according to Makiura, are drawing strong interest from Japanese investors.
- Categories
- Agriculture, Investing, Technology
- Region
- Sub-Saharan Africa
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54 Collective, Formerly Founders Factory Africa, Shuts Down Venture Studio Amid Mastercard Foundation Dispute
54 Collective, the venture firm formerly known as Founders Factory Africa, has shut down its venture studio operations as its partnership with the Mastercard Foundation ended in legal action.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Nigeria Commits $538 Million to Agro-Industrial Zones, Unveils 10-Year Youth-Led Agricultural Plan
Shettima disclosed that Nigeria has already committed $538.05 million to the first phase of the Special Agro-Industrial Processing Zones programme.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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Google Drives AI to Boost Agriculture, Enrich Cultural Data in India
Google unveiled its new Agricultural Monitoring & Event Detection API, offering field‑level crop insights updated fortnightly, and launched the Amplify Initiative to build hyperlocal datasets across Indic languages.
- Categories
- Agriculture, Technology
- Region
- Asia Pacific
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EU-Funded AgriFI Backs Ghana’s Complete Farmer with $2.5 Million Investment to Empower Smallholder Farmers
This funding, channeled through the EDFI Management Company, aims to bolster the company’s expansion strategy and facilitate the development of agricultural infrastructure in northern Ghana.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Building a Better AgTech Funding Model in Africa: Three Key Challenges Behind the Ecosystem’s Loss of Momentum
Startups operating at the nexus of climate and agriculture in Africa have attracted over $1 billion in venture funding over the past decade. But as David Saunders and Ludovica Fioravanti at Briter and Harsha Vishnumolakala at CPI explain, despite the important role this funding can play in supporting innovative African AgTech startups, it has fallen to around $200 million a year — less than half the $500 million raised in 2022. They explore the risks this decline presents to the continent's AgTech ecosystem, and share three key priorities for building a better funding model in Africa and other emerging markets.
- Categories
- Agriculture, Investing, Technology
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South Africa Agri-Tech Startup Nile Raises $11.3 Million to Help More Farmers Trade, Transact Digitally
South African agri-tech startup Nile has raised ZAR200 million (US$11.3 million) in funding to accelerate its growth across Southern Africa.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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The PURE Growth Fund Opens Call for Proposals for Clean Energy and Agribusinesses in Tanzania
The Pure Growth Fund is a transformative initiative to accelerate the Productive Use of Renewable Energy (PURE) within Tanzania's agri-food systems and unlock low-emission development pathways for the country.
- Categories
- Agriculture, Energy, Technology
- Region
- Sub-Saharan Africa