Oyster Agribusiness secures USD 2M to advance climate-smart farming initiatives in Ghana
GHANA – Ghana-based agritech firm Oyster Agribusiness has raised USD 2 million in funding to enhance its operations and extend support to smallholder farmers throughout the country.
This funding round was facilitated by Root Capital, RDF Ghana, and the Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND), with business development support from Pangea Africa Limited.
Over the past five years, Oyster Agribusiness has focused on improving the economic conditions of smallholder farmers and advancing sustainable farming practices.
Through its initiatives, the company has distributed over GH¢60 million (approximately US$3.8 million) to farmers, reached around 4,500 smallholders, managed more than 20,000 acres of farmland, and delivered over 25,000 tons of produce to both local and international markets.
The recent funding aims to assist Oyster Agribusiness in scaling up its climate-smart agricultural programs, targeting a larger network of farmers and enhancing Ghana’s agricultural resilience amid ongoing climate challenges.
Edmond Kombat, CEO of Oyster Agribusiness, expressed optimism about the new funding, citing the support from Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited as essential to the company’s growth strategy.
Kombat noted that the investment reflects Oyster’s progress in assisting smallholder farmers and its future potential for expanding these efforts.
“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,” he stated.
The fundraising process was led by Pangea Africa Limited, which facilitated connections between Oyster Agribusiness and suitable investors to support the company’s sustainability objectives and its mission to empower Ghana’s smallholder farmers.
Oyster Agribusiness focuses on climate-smart farming solutions, working alongside smallholder farmers to increase productivity, drive economic development, and support food security in Ghana.
Pangea Africa Limited, a business development service provider, assists early and growth-stage companies across Africa with market expansion, access to capital, and sustainable growth strategies.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE.
Oyster Agribusiness secures USD 2M to advance climate-smart farming initiatives in Ghana
GHANA – Ghana-based agritech firm Oyster Agribusiness has raised USD 2 million in funding to enhance its operations and extend support to smallholder farmers throughout the country.
This funding round was facilitated by Root Capital, RDF Ghana, and the Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND), with business development support from Pangea Africa Limited.
Over the past five years, Oyster Agribusiness has focused on improving the economic conditions of smallholder farmers and advancing sustainable farming practices.
Through its initiatives, the company has distributed over GH¢60 million (approximately US$3.8 million) to farmers, reached around 4,500 smallholders, managed more than 20,000 acres of farmland, and delivered over 25,000 tons of produce to both local and international markets.
The recent funding aims to assist Oyster Agribusiness in scaling up its climate-smart agricultural programs, targeting a larger network of farmers and enhancing Ghana’s agricultural resilience amid ongoing climate challenges.
Edmond Kombat, CEO of Oyster Agribusiness, expressed optimism about the new funding, citing the support from Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited as essential to the company’s growth strategy.
Kombat noted that the investment reflects Oyster’s progress in assisting smallholder farmers and its future potential for expanding these efforts.
“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,” he stated.
The fundraising process was led by Pangea Africa Limited, which facilitated connections between Oyster Agribusiness and suitable investors to support the company’s sustainability objectives and its mission to empower Ghana’s smallholder farmers.
Oyster Agribusiness focuses on climate-smart farming solutions, working alongside smallholder farmers to increase productivity, drive economic development, and support food security in Ghana.
Pangea Africa Limited, a business development service provider, assists early and growth-stage companies across Africa with market expansion, access to capital, and sustainable growth strategies.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE.