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Kenya's agriculture sector directly influences overall economic performance through its contribution to GDP. The record-breaking funding rounds of these companies and the emergence of regional and country-specific tech startups in the agritech space are opportune, as global dynamics reshape food supply chains. Directly planting a tree from a seed can sometimes be difficult at times. Founders: Jehiel Oliver, Van Jones. Agriculture sector contributed 34.15 % in the total GDP of Kenya in year 2019 - as per the Kenya National Bureau of Statistics 2012. The winners and finalists of the inaugural AYuTe Africa Challenge Kenya will receive a cash grant of up to $20,000 (Sh2.4 million). BEIJING, Sept. 12, 2022 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, announced today that effective . A seedling is a young tree that has been grown in a tree nursery from a seed. Sep. 12, 2022, 08:45 AM. While other businesses have scaled down their operation or even been unable to run due to the pandemic, the agri-food sector has shown more resilience. This is coming after the agritech startup raised $6 million in Series A funding in May 2020, led by Anthemis Exponential Ventures. "In our interactions with agri-tech entrepreneurs, we have learned that access to quality agri-inputs and technical know-how is a huge challenge which further makes smallholder farmers (80% of which . Mokeira Agritech, Nakuru. Lentera is an AgriTech startup enabling farmers increase their yield through satellite based crop analysis and smart inputs, AAA Growers, Crunchbase Website Twitter Facebook Linkedin, AAA Growers specializes in producing Kenya's finest vegetables, herbs, fruits, salads, and roses. 0. Kenya is the top destination for agritech investments in Africa, according to Fitch Solutions. They have just raised US$30 million in Series B funding from Goldman Sachs to fund their international expansion plans. Kenyan Agritech business, Pula, is the first beneficiary of a GBP 200mn Climate Innovation Facility launched by CDC Group Pula's U+ award as one of the Top InsurTech Innovators for 2021 Insurance startup, Pula, to pay Coast farmers Sh85.1m for losses 3. 1, 2, 3, 4, 5, 6, 7, 8, They are later transplanted to an area where a forest will grow. In Summary. Other investors that participated in that round were Leaps by Bayer, Flourish Ventures, Sage Hill . September 5, 2022. They use agronomic machine learning, remote sensing, and mobile technology. . In this article we have gathered the top 10 Agritech startups in Africa, which have brought a massive uptrend in the market. Twiga's brand has become synonymous with African tech success. Irrigation technology, horticulture and real silage Asepsis Agriculture is involved in the raising of various planting materials. Milq Agri-Tech Solutions is a farming solutions provider company that gives farmers an opportunity to venture into Agri Business through farming and introduction of modern farming techniques, " Schools Greenhouse Organic farming", Let your students have a healthy diet! 2 were here. Periods of high economic growth rates have been synonymous with increased agricultural growth. John Waweru, Founder and CEO of Optimerce Consulting Ltd, a business that digitizes the process of produce collection at farm-gate through . The company diverts 100 tonnes of organic waste from landfills daily and produce over 2,000 tonnes of MagMeal annually. The company uses insects and technology to . Milq Agri-Tech Solutions offers Farmers in Kenya the following services . 25. According to McKinsey research, Kenya accounts for nearly 25 per cent percent of all agritech start-ups in Africa and has a vibrant agriculture sector that is ripe to capitalize on digital technologies and innovations to support agricultural transformation and the government's Big 4 Agenda. Founded as the Farmers Problem Solution Point (FPSP) in East Africa, to help the smallholder farmer households address profitability issues and monopolistic practices, Agritech Green technologies International limited (AGTIL) has been working to promote and enhance the economic well-being and quality of life for poor smallholder farmers, pastora. we are suppliers and consultants for irrigation systems from solar water pumps,solar panels,all types of irrigation kits (drip,mist) we evaluate and design Farmers Pride, a Kenya-based agritech startup has secured a reported $220 000 in funding from US-based impact investor, Gray Matters Capital. We presented a summary of Agritech needs and opportunity per sector, including UK firms that could be supported. Apollo, a Kenya-based agritech startup, has received $1 million in debt financing to support small-scale farmers.This was led by Agri-Business Capital (ABC) Fund. 10. Heifer International Kenya has awarded three Logitech startups Sh2million during the AYuTe Africa Challenge Kenya finals in a bid to drive innovations in the agriculture sector. 1.SOIL TEST . Seedlings in Kenya-Call us now on +254111050911 to place an order. A 2018 research revealed that agri-tech space in Africa experienced a profound boom in 2016 and 2017. 2.FARM FENCING . Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, announced today that effective September 16, 2022, Origin Agritech will be added two new equity . Cummulative Funding, $97.8M+, Total # of Companies, 23, Total Deal Count, 37, Total M&A Count, 0, Total # of Investors, 1, List of AgriTech startups in africa, They have grown to sourcing fruit and vegetables from 17,000 farms and delivering directly to over 8,500 vendors across Kenya. Call +254 733 501 033. . There are two factors responsible for this. Between 2019 and Q1 2022, two of Kenya's leading agritech startups Twiga Foods and Apollo Agriculture have raised $80 million and $40 million, respectively. Report: agri-tech companies earns Kenya Sh1.3bn foreign investment Government sets aside Sh1.5bn to revive pyrethrum farming Youth turns beekeeping hobby into a Sh700,000 agribusiness venture How technology is transforming Africa's agricultural industry Form two dropout earns Sh3000 daily from banana value addition We conducted a series of interviews with private sector companies in UK and Kenya to dig deeper into the Agritech opportunities in each of these 3 sectors and identify immediate opportunities for DIT support. The Series B funding round was led by Softbank Vision Fund 2 with participation from the Chan Zuckerberg Initiative, Yara Growth Ventures, Endeavor Catalyst, CDC, and existing investors . Sep 12, 2022, 08:45 ET. The average amount of capital raised by Agritech startups in Africa was USD 3.7 Million in 2020, USD 2.8 Million in 2019, and USD 1.8 Million in 2018. Kenya has emerged as a hot-spot for agricultural technology investment and product development. A good start is extremely important to any agricultural or horticultural venture. Hello Tractor. Nigeria, South Africa, Kenya, and Ghana are currently dominating the Agritech market. Milq Agri-Tech Solutions-Drip irrigation and Greenhouse fittings suppliers,Soil test, Seedlings, Agronomic support. Here are some mission-driven agri-tech companies in Africa you should know about: AgriProtein (Johannesburg, South Africa) Jason Drew founded Agriprotein in South Africa in 2016. AgriTech Startups in Africa, A comprehensive overview and list of the top AgriTech Startups in Africa featuring startups like Feronia, Komaza, and others in over 25 African countries. One of the major factors responsible for this is the need to solve the country's food security challenges. A new report by Fitch Solutions said Kenya has emerged Africa's hot spot for agritech investments. Kenya-based agritech Apollo Agriculture, which helps farmers access high-quality farm inputs, financing and markets raised $40 million in Series B funding in the equity round led by Softbank Vision Fund 2.. we are suppliers and consultants for irrigation systems from solar water pumps,solar panels,all types of irrigation kits (drip,mist). There are seedlings of various plants of various varieties. The goal is to have uniform healthy seedlings in Kenya that will guarantee a good start in growing. As a result, planting a seedling is advised. Ifarm360, Crunchbase Website Twitter Facebook Linkedin, Apollo Agriculture is a startup based in Kenya helps farmers in emerging markets increase their profits and farm yields. Between 2019 and Q1 2022, two of Kenya's leading agritech startups Twiga Foods and Apollo Agriculture have raised $80 million and $40 . Fast forward to October 2019. BEIJING, Sept. 12, 2022 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, announced today that effective . 29 views, 3 likes, 0 loves, 1 comments, 0 shares, Facebook Watch Videos from Ecolite Minerals Kenya: Reposted from @plantech_kenya Walk through our. 2 were here. They will also get mentorship support. In April 2022, Indonesia, the largest exporter . 131 likes. According to Microsoft Kenya Acting Country Manager Kunle Awosika, the tech corporation will continue investing in agritech on the continent, with the goal of developing agritech that enables data-driven, precise, and connected farming that optimizes yields, boosts farm productivity, and increases profitability. Origin Agritech (SEED) will be added two new equity indices, the FTSE Micro Cap Index and the FTSE Total Cap Index.The stock has a market cap of $59.29M, and has gained about 21%. Three .
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