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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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The OpenAg Foundation Launches Raising $1.3 Million USD for Water Security Project to Help One Million in Southern Africa
The boreholes will supply clean water to people, livestock, and wildlife, enabling farmers to irrigate crops and easing tensions in regions where scarce resources have fuelled conflict.
- Categories
- Agriculture, Environment
- Region
- Sub-Saharan Africa
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Press Release: ADB, CGIAR, and Gates Foundation Partner to Transform Rice Sector, Uplift Millions of Smallholder Farmers in Asia and the Pacific
Initial projects are being developed in Bangladesh, Cambodia, the People’s Republic of China, Pakistan, and the Philippines.
- Categories
- Agriculture, Investing
- Region
- Global
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Research: Nigerian and Kenyan Farmers Can Be First Step to Making Rural Mini Grids More Profitable and Affordable
"This article draws from research conducted under the ‘Sustainability, Inclusiveness and Governance of Mini grids in Africa’ (SIGMA) project, funded by a Global Challenges Research Fund (GCRF) research grant (ES/T006684/1)."
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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GROWiT Raises $3 Million in Series A round led by GVFL
GROWiT tools are intended to support farming practices by helping improve productivity and reduce input costs.
- Categories
- Agriculture, Investing
- Region
- Asia Pacific
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Sistema.bio Signs MoU with Danone to Deploy 6,500 Biodigesters Across Dairy Farms
These systems transform livestock waste into renewable biogas and organic fertilizer, which can be used as valuable resources at farm level.
- Categories
- Agriculture, Energy, WASH
- Region
- Global
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PepsiCo Pushes Back Climate, Packaging Goals Due to “External Realities”
"Food and beverage giant PepsiCo announced today a series of updates to its key sustainability goals in areas across climate, packaging, agriculture and water. . . "
- Categories
- Agriculture, WASH
- Region
- Global
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Ripple Launches Second Blockchain Pilot in Colombia to Empower Smallholder Farmers
Ripple’s new Colombia pilot uses XRP Ledger for traceability and microfinance, targeting 300 smallholder farmers producing panela.
- Categories
- Agriculture, Technology
- Region
- Latin America
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