Bakersfield Black Magazine
No Result
View All Result
  • Home
  • Black Media
  • Celebrity
  • Lifestyle
  • Health
  • Fashion
  • Beauty & Hair
  • Events
  • Love
  • Recipe
  • Travel
Bakersfield Black Magazine
  • Home
  • Black Media
  • Celebrity
  • Lifestyle
  • Health
  • Fashion
  • Beauty & Hair
  • Events
  • Love
  • Recipe
  • Travel
No Result
View All Result
Bakersfield Black Magazine
No Result
View All Result

Complete Farmer, Ghana’s agritech facilitating access to global trade for farmers, raises $10.4M

September 22, 2023
in Black Media
Reading Time: 2 mins read
A A
0
Home Black Media
Share on FacebookShare on Twitter


Ghanaian agritech firm Full Farmer has raised $10.4 million in a pre-Collection A funding spherical ($7 million fairness and $3.4 million debt) in a bid to rework farming practices in Africa, Tech Crunch studies.

The funding spherical noticed the participation of Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital (through its uMunthu II Fund in partnership with Goodwell Investments). Additionally, Proparco, Newton Companions, and VestedWorld Rising Star Fund participated within the funding spherical. Then again, Sahel Capital’s SEFAA (Social Enterprise Fund for Agriculture in Africa) Fund, Alpha Mundi Group’s Alpha Jiri Funding Fund, and World Social Influence Investments supplied debt financing.

“We have now been impressed with the progress that Full Farmer has made in facilitating entry to international commerce for Ghanaian farmers, in addition to introducing them to new crops and sustainable farming practices,” Tamer El-Raghy, the managing director of ARAF, says of the funding. “Full Farmer’s expertise platform and farming protocols allow farmers to entry high quality inputs, agronomical help and premium markets, leading to improved yields and revenue as reported by the farmers themselves.”

Full Farmer is an “end-to-end agricultural market” that connects African “producers and international industries to aggressive markets, assets, knowledge and one another”, in keeping with Tech Crunch.

In different phrases, the agritech has “all the time been envisioned to be an finish to finish platform for the three key stakeholders on the agriculture worth chain, meals growers, meals consumers, and meals lovers,” it says on its web site.

The corporate was launched in 2017 and has since undergone a number of iterations earlier than its present state. It was based by Desmond Koney, a mechanical engineer by coaching with prior expertise in a number of initiatives. Certainly one of his initiatives was changing kitchen natural refuse into methane fuel and a vertical farming enterprise. Nevertheless, his curiosity shifted to agriculture after inheriting his father’s farm, the place he discovered a number of challenges widespread all through the worth chain, he says to Tech Crunch.

“My space of experience was in manufacturing engineering, and I desired to digitize my father’s property,” he tells Tech Crunch. “Nevertheless, this aspiration could be obscure, as one should decide what enterprise mannequin works, what the product is, and so forth. We’ve needed to make a number of changes to find out each.”

Full Farmer first began functioning as a contractor to domesticate farms for shoppers. Nevertheless, in 2018, the group launched a crowdfunding marketing campaign to permit customers to put money into sustainable farms and monitor agricultural actions. It then transitioned to an aggregator and market mannequin and at this time, it has introduced collectively over 12,000 farmers throughout 5 key areas in Ghana.

It has additionally supervised the cultivation of greater than 30,000 acres of land, delivering commodities to Asia, Europe and different elements of the world whereas decreasing post-harvest losses, Tech Crunch says. The corporate takes a 30% fee of the income made per commerce between farmers and consumers.

Agriculture continues to be probably the most essential financial sectors for Africa, using the vast majority of the inhabitants and accounting for 14% of GDP in sub-Saharan Africa, in keeping with a report by Oxford Enterprise Group. Nevertheless, unequal entry to assets; local weather, infrastructure and technological challenges; low remuneration and different components inhibit the expansion of the Agric sector and Full Farmer is hoping to reverse the state of affairs.



Source link

Tags: 10.4MAccessagritechcompletefacilitatingFarmerfarmersGhanasGlobalraisestrade
Previous Post

Celine Fragrance Review: Parade & Black Tie

Next Post

More than a cosmetic choice: Everything you need to know about breast reduction surgery

Related Posts

African queens who shone on the Miss Universe stage
Black Media

African queens who shone on the Miss Universe stage

October 24, 2025
Trump’s Go-To Intimidation Tactic Backfires After Complaining That Young Athletes Are ‘Ripping Him Up’ and Fuels New Health Rumors
Black Media

Trump’s Go-To Intimidation Tactic Backfires After Complaining That Young Athletes Are ‘Ripping Him Up’ and Fuels New Health Rumors

October 24, 2025
Select Federal Officers Receiving Paychecks Causes Division
Black Media

Select Federal Officers Receiving Paychecks Causes Division

October 24, 2025
Education Dept. Thinks About Moving Special Ed Programs Elsewhere 
Black Media

Education Dept. Thinks About Moving Special Ed Programs Elsewhere 

October 24, 2025
Pennsylvania KKK Group Swears They Never Targeted Kids at Halloween Parade, Then a Family Found This in Their Child’s Candy Bucket
Black Media

Pennsylvania KKK Group Swears They Never Targeted Kids at Halloween Parade, Then a Family Found This in Their Child’s Candy Bucket

October 23, 2025
Jeffries says not one Republican reached out after death threat from Jan. 6 rioter pardoned by Trump
Black Media

Jeffries says not one Republican reached out after death threat from Jan. 6 rioter pardoned by Trump

October 24, 2025
Next Post
More than a cosmetic choice: Everything you need to know about breast reduction surgery

More than a cosmetic choice: Everything you need to know about breast reduction surgery

Chicago announces plans to curb environmental racism

Chicago announces plans to curb environmental racism

How to make friends as an adult

How to make friends as an adult

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
This 11-year-old girl from Ghana is already a mechanic living her dream

This 11-year-old girl from Ghana is already a mechanic living her dream

December 23, 2023
White Dollar Tree Worker Calls Cops on Black Mom and Daughter After Falsely Accusing Them of ‘Deliberately’ Breaking Glasses In Store, Video Shows

White Dollar Tree Worker Calls Cops on Black Mom and Daughter After Falsely Accusing Them of ‘Deliberately’ Breaking Glasses In Store, Video Shows

April 24, 2025
Stocker Street Creative Shares New Development in Baldwin Hills-Crenshaw area – Los Angeles Sentinel

Stocker Street Creative Shares New Development in Baldwin Hills-Crenshaw area – Los Angeles Sentinel

February 28, 2025
Making The Perfect Ombre Cake

Making The Perfect Ombre Cake

February 1, 2025
Gavin Newsom’s Savage Edit of Trump’s Speech Sends MAGA Into Meltdown, and When Fans Realized What It Said, the Internet Exploded

Gavin Newsom’s Savage Edit of Trump’s Speech Sends MAGA Into Meltdown, and When Fans Realized What It Said, the Internet Exploded

September 25, 2025
Jennifer Lopez and Ben Affleck stun at premiere together

Jennifer Lopez and Ben Affleck stun at premiere together

October 7, 2025
CDFA Names A$AP Rocky Its 2025 Fashion Icon

CDFA Names A$AP Rocky Its 2025 Fashion Icon

October 24, 2025
African queens who shone on the Miss Universe stage

African queens who shone on the Miss Universe stage

October 24, 2025
TFG sales up but earnings down in 2025

TFG sales up but earnings down in 2025

October 24, 2025
Trump’s Go-To Intimidation Tactic Backfires After Complaining That Young Athletes Are ‘Ripping Him Up’ and Fuels New Health Rumors

Trump’s Go-To Intimidation Tactic Backfires After Complaining That Young Athletes Are ‘Ripping Him Up’ and Fuels New Health Rumors

October 24, 2025
Top Horror Movies to Watch on National Horror Movie Day

Top Horror Movies to Watch on National Horror Movie Day

October 24, 2025
Select Federal Officers Receiving Paychecks Causes Division

Select Federal Officers Receiving Paychecks Causes Division

October 24, 2025

Popular Story

  • Suki & Rollie Get Into Heated Fight In ‘Baddies East’ Teaser

    Suki & Rollie Get Into Heated Fight In ‘Baddies East’ Teaser

    593 shares
    Share 237 Tweet 148
  • PulteGroup’s Jim Zeumer Responds to Black Employees’ Lawsuit and “Noose Meeting”

    592 shares
    Share 237 Tweet 148
  • Scents of Power: The Best Fragrances for Black Men and Women This National Fragrance Day

    592 shares
    Share 237 Tweet 148
  • Pamela Anderson The Latest Cover Girl For Elle Magazine

    592 shares
    Share 237 Tweet 148
  • Angela Rye and Jalen Rose Step Out As A Verified Couple

    591 shares
    Share 236 Tweet 148
Bakersfield Black Magazine

Brows the Latest Black News on Bakersfield Black Magazine. Beauty & Hair, Black Media, Celebrity, Events, Fashion, Health, Lifestyle and More News.

Categories

  • Beauty & Hair
  • Black Media
  • Celebrity
  • Events
  • Fashion
  • Health
  • Lifestyle
  • Love
  • Recipe
  • Travel
  • Uncategorized

Recent News

  • CDFA Names A$AP Rocky Its 2025 Fashion Icon
  • African queens who shone on the Miss Universe stage
  • TFG sales up but earnings down in 2025
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Bakersfield Black Magazine.
Bakersfield Black Magazine is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Black Media
  • Celebrity
  • Lifestyle
  • Health
  • Fashion
  • Beauty & Hair
  • Events
  • Love
  • Recipe
  • Travel

Copyright © 2023 Bakersfield Black Magazine.
Bakersfield Black Magazine is not responsible for the content of external sites.