The funding is poised to be instrumental in advancing Salient’s mission to provide more accurate and actionable weather forecasts for smallholder farmers in East Africa.
The company’s AI-powered platform uses data from a variety of sources, including satellites, ground stations, and weather models, to generate hyper-local weather forecasts for farmers.
The $2.9 million funding is a significant milestone for Salient Predictions as it will allow the company to develop new products and services that can help farmers improve their yields and reduce their risk.
Salient Predictions’ AI-powered weather forecasting platform can help farmers make better decisions about when to plant, sow, and irrigate their crops.
This can lead to increased yields and reduced losses. The platform can also help farmers to plan for extreme weather events, such as droughts and floods.
The success of Salient Predictions will have a positive impact on the East African agricultural sector.
It will also help to improve food security and reduce poverty in the region.
“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.
The Mastercard Africa Growth Fund has announced investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund.
Ninety One, a leading investment firm, has announced the first close of its third Africa and emerging markets-focused credit opportunities strategy, securing $260 million in commitments.
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has announced a €57 million investment in Moroccan financial services provider CASH PLUS.
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