Zimbabwe agri-tech startup bags grant funding from Hult Prize for expansion

ZIMBABWE – Zimbabwean agri-tech startup Farmhut has secured US$100,000 in grant funding after being selected as one of the winners of the Hult Prize competition. Hult Prize, is an annual, year-long competition that crowd-sources ideas from university level students after challenging them to solve a pressing social issue around topics such as food security, water access, energy, and education. Farmhut received the award courtesy of its AI-powered marketplace connecting farmers to markets that pay fair prices for their produce. It enables farmers to grow their business fast throughout the year,…

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Kenyan data analytics company Gro Intelligence raises US$85m in Series B funding round

KENYA – Kenyan-founded data analytics company Gro Intelligence has raised US$85 million in a Series B funding round, aimed to take the company to the next level. Gro Intelligence is an AI-powered insights firm providing decision-making tools, solutions and analytics to the food, agriculture, and climate economies and their participants. The financing will mostly be channeled to grow and accelerate the adoption of its Gro Platform, enhancing the platform’s machine-learning capabilities and delivering localized insights on food, agriculture and climate risk. “Gro Intelligence is one of the most exciting AI…

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