Ghanaian agri-tech startup Oyster Agribusiness raises $310,000 in funding to accelerate its growth
The funding will further enhance and expand the company’s innovative agri-tech solutions, enabling increased productivity and sustainability within the agricultural sector.
The investment was in the form of grant and debt funding.
Founded in 2018, Oyster Agribusiness is on a mission to empower farmers through cutting-edge technology.
The startup has developed a range of digital tools and services that address critical challenges faced by farmers, including access to real-time weather data, crop monitoring, pest prediction, and market insights.
These solutions aim to improve crop yields, reduce losses, and ultimately increase farmers’ income.
The new investment will enable Oyster Agribusiness to accelerate its product development, expand its market reach, and further invest in research and development to refine its solutions continually.
The startup also aims to establish strategic partnerships with local agricultural organizations, cooperatives, and government agencies to foster knowledge exchange and collaborative initiatives.
As Oyster Agribusiness embarks on this exciting phase of growth, it holds the promise of transforming how farmers approach agriculture in Ghana, potentially serving as a model for innovation in agri-tech across the continent.
Empower Africa Times Newsletter
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Payday (Techstars ’21), one of Africa’s leading Pan-African neobank, has raised $3 million in seed funding to drive the future of work for the continent.
Smartprof, a Moroccan Edtech startup that has developed an online platform for connecting students with tutors, has received a new funding boost to accelerate its growth.
Mastercard Africa Growth Fund Invests $27 Million in Africa-Focused Investment Firms Chui Ventures, VestedWorld, and SME Impact Fund
The Mastercard Africa Growth Fund has announced investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund.