Oyster Agribusiness, a Ghanaian agri-tech company specialising in climate-smart agriculture, has raised $2 million in funding to expand its operations and deepen its impact on smallholder farmers across Ghana.
Driving The News
This fresh capital injection will allow Oyster Agribusiness to expand its operations, reach more farmers, and scale its climate-smart agricultural initiatives, further strengthening the resilience of Ghana’s agricultural sector in the face of climate challenges.
Details
This milestone was made possible through the support of Root Capital, RDF Ghana, and Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND), with the fundraising process led by Pangea Africa Limited, a leading Business Development Service provider.
By The Numbers
The company has paid over GHC 60 million ($3.8 million) to smallholder farmers, impacted the lives of 4,500 smallholder farmers, cultivated over 20,000 acres of farmland, supplied over 25,000 tons of agricultural produce to markets locally and internationally.
What They’re Saying
CEO, Edmond Kombat, speaking on the investment and the future of the company said, “We are thrilled to have the support of Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited, whose expertise and backing will help us to accelerate our vision.
This investment is a testament to the impact we’ve made with smallholder farmers and the tremendous potential we see in scaling our operations. Together, we are working toward a more sustainable, inclusive, and resilient agricultural ecosystem in Ghana.”
Source: Ghanaian Times
