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

Publix Allegedly Reneges On Black Book Bash Sponsorship, Denies Email Proof
Black Media

Publix Allegedly Reneges On Black Book Bash Sponsorship, Denies Email Proof

October 1, 2025
The federal government is shut down. Here’s why Democrats say Trump and Republicans are to blame
Black Media

The federal government is shut down. Here’s why Democrats say Trump and Republicans are to blame

October 1, 2025
South Africa ambassador’s Paris death raises questions
Black Media

South Africa ambassador’s Paris death raises questions

October 1, 2025
World Soundtrack Awards Turn 25 With Focus on Orchestral Over AI
Black Media

World Soundtrack Awards Turn 25 With Focus on Orchestral Over AI

October 1, 2025
Elephant attack terrifies canoeing tourists in Botswana
Black Media

Elephant attack terrifies canoeing tourists in Botswana

October 1, 2025
Trump Posts Racist AI Video Of Chuck Schumer, Hakeem Jeffries
Black Media

Trump Posts Racist AI Video Of Chuck Schumer, Hakeem Jeffries

October 1, 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
6 Magical Moments That Show the Beauty of Love

6 Magical Moments That Show the Beauty of Love

March 26, 2024
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
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
Saudi Arabia’s ‘Desert Warrior’ Set For Zurich World Premiere

Saudi Arabia’s ‘Desert Warrior’ Set For Zurich World Premiere

September 12, 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
Jason Collins Is Undergoing Treatment For A Brain Tumor

Jason Collins Is Undergoing Treatment For A Brain Tumor

September 14, 2025
Cassie urges judge to deliver tough sentence for Diddy: ‘He will always be cruel and manipulative’

Cassie urges judge to deliver tough sentence for Diddy: ‘He will always be cruel and manipulative’

October 1, 2025
Lionel Richie Claims Michael Jackson’s Bad Odor on Tour Led to a Secret Nickname, But Fans Aren’t Buying It

Lionel Richie Claims Michael Jackson’s Bad Odor on Tour Led to a Secret Nickname, But Fans Aren’t Buying It

October 1, 2025
Publix Allegedly Reneges On Black Book Bash Sponsorship, Denies Email Proof

Publix Allegedly Reneges On Black Book Bash Sponsorship, Denies Email Proof

October 1, 2025
The federal government is shut down. Here’s why Democrats say Trump and Republicans are to blame

The federal government is shut down. Here’s why Democrats say Trump and Republicans are to blame

October 1, 2025
Former WNBA star Liz Cambage responds to Kevin Durant dating rumors

Former WNBA star Liz Cambage responds to Kevin Durant dating rumors

October 1, 2025
Celebrity Style: Kelly Clarkson Multi-Colored Maxi Dress On Kelly Clarkson Show

Celebrity Style: Kelly Clarkson Multi-Colored Maxi Dress On Kelly Clarkson Show

October 1, 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

  • Cassie urges judge to deliver tough sentence for Diddy: ‘He will always be cruel and manipulative’
  • Lionel Richie Claims Michael Jackson’s Bad Odor on Tour Led to a Secret Nickname, But Fans Aren’t Buying It
  • Publix Allegedly Reneges On Black Book Bash Sponsorship, Denies Email Proof
  • 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.