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Village Capital, a global nonprofit investor in early-stage companies, has announced investments in Kenyan startup Aquarech and Nigerian startup Coamana.
The two agritech firms will receive a combined $850,000 as part of Village Capital’s Reducing Inequalities Investment Facility, funded by FMO’s MASSIF Fund.
Aquarech is addressing challenges faced by fish farmers by offering a buy-now-pay-later (BNPL) solution for fish feed.
The startup also provides training and agricultural tools to enhance farming practices and boost incomes.
Coamona, founded in 2018, is digitizing farmer management processes.
Its marketplace platform, Amana Market, connects farmers and traders and offers services such as product sales, loans, and real-time market information.
The startup aims to improve farmers’ incomes by enabling data-driven decisions on when and where to sell their produce.
“We are excited to support Coamana in building a robust digital infrastructure for agricultural trade across Africa,” said Kavon Badie, Investment Officer at Village Capital.
These investments highlight the growing trend of tech-driven solutions addressing agricultural challenges in Africa.
These startups are contributing to the continent’s agricultural development by bridging the gap between farmers, consumers, and businesses.
“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.
Camco, a prominent climate and impact fund manager, has announced the first close of $107 million for its Renewable Energy Performance Platform 2 (REPP 2) debt fund, with an additional $78 million pledged pending certain conditions.
Miro, a forestry and plywood manufacturing enterprise with operations in Sierra Leone and Ghana, has closed a significant funding round spearheaded by Lagata, an investment firm dedicated to forestry ventures across sub-Saharan Africa.
Rwandan electric motorcycle manufacturer Ampersand has announced a $2 million Series A extension, bringing its total funding to $21.5 million.