Becky Amos’ Post

Winich Inc Farms, a Nigerian agtech startup, has raised $3 million in pre-series A funding to enhance its technology and optimize operations. The funding round comprises $2.5 million in equity from investors including the Acumen Resilient Agriculture Fund (ARAF), Climate Resilient Africa Fund, Marula Square, Plug and Play Tech Center, and Tekedia Capital, along with $590,000 in debt from Sahel Capital Since its inception in 2020, Winich Farms has developed an ecosystem with over 150,000 users, comprising farmers, small businesses, logistics partners, and collection point agents. The company facilitates seamless farm produce supply chains across Nigeria by providing inventory management tools and financial services to smallholder farmers. Winich Farms also launched a debit card in partnership with Sterling Bank to help farmers save and access funds. The startup's gross merchandise volume (GMV) has surged by 300% from $10 million in 2022 to $30 million by the end of 2023. Recently, Winich Farms expanded into Tanzania to support local supply chains and exportation to the Middle East and Europe. #Agtech #NigerianStartups #AgricultureInnovation #FinancialInclusion #AfricanGrowth

Janno van der Laan was so kind to welcome Shubhaangi Mahajan, Yoram Mekking and Hector Bagley to discuss Pyramidia Ventures. 🚀 Pyramidia Ventures is a venture studio building climate-smart agtech startups in Africa. They have a unique model, being in between a incubator and venture fund: Pyramidia ideates, builds and scales businesses. 🌾 One of the companies they founded in their portfolio is Stable Foods, which offers a solar-powered ultra-low-cost drip irrigation subscription. This improves yields substantially, thereby improving incomes for farmers while reducing land use and further deforestation. 📈 Janno is a strong advocate for patient capital in the Africa context. “The hockey stick growth curve required for the Western VC model is not always feasible here. However, there are many investment opportunities that have potential for linear growth over a longer time period”. ⭐ Janno sees great opportunities in Kenya’s growing market, with Nairobi projected to become one of the biggest cities in the world. “Sectors like agriculture, construction and food & beverages will remain very active and will be in need of smart and practical solutions to meet growing demand.” Thank you very much Janno for sharing your insights! #INSEADmoments

You Got Farming Fire? AzamineTrek Can Fan Your Funding Flames! ☀️ Yo, young African game-changers!  Ever pictured yourself ditching the suit-and-tie grind and becoming a boss farmer? We see you and that incredible dream! But that initial capital – it can feel like a brick wall, right? Don't you sweat it! AzamineTrek is your partner, cheerleader, and secret weapon to raise the cash and cultivate your agricultural dreams. Let's get you growing! Q: Grants? Grants? Where's the Grant Money Rain? A: Boom! There are awesome organizations like (relevant government or agricultural development organizations in your region) showering young farmers with grants. Research what's available in your area and polish that application like a pro! #YoungAfricanFarmers #GrantGoals Q: Banks? Don't They Just Laugh at Newbies? A: Not anymore! Many banks have loan programs specifically designed for young agricultural entrepreneurs. Pro Tip: AzamineTrek helps you craft a business plan so fire, it'll have bankers begging to invest! #BossMove #AzamineTrekEmpowers Q: Family & Friends – The OG Investors? A: You know it! But before you hit them up, be prepared. AzamineTrek shows you how to create an investment pitch that screams passion, expertise, and guaranteed success. #FamilySupport #PitchLikeAPro Q: Crowdfunding – Can I Really Get Random People to Invest? A: Absolutely! Platforms like (relevant crowdfunding platforms in your region) connect you with a global audience of potential investors. With AzamineTrek's marketing magic, we'll turn your crowdfunding campaign into a social media phenomenon! #CrowdPower #AzamineTrekGetsYouFunded Ready to cultivate your farming dreams? Don't wait! Follow Us for fire tips and tricks to keep your farm thriving! Share this article with your hustler network! Comment Below with your biggest farming challenge. Let's brainstorm solutions! React to tell us what kind of agricultural content you crave! DM Us to schedule a FREE consultation and get your personalized capital-raising plan started! Together, let's make Africa's agricultural future a flourishing paradise! #AzamineTrek #YoungAfricanFarmers #CultivateYourLegacy

We, at Practitioners of Contemporary Philosophy Ltd, an Impact investment consulting firm based in Uganda but operating in the wider Sub Saharan Region recently developed a model that provides a diagnosis and prognosis of the Agribusiness sector on the African Continent. Our model uses an analogy of the football sport considering how widely known and loved the sport is, and the fact that its appeal cuts across religious, political, economic and social class affiliation, as well as across gender, race and age. As illustrated in the related video and the drawing on paper, entrepreneurs are represented by the strikers, because like strikers in football, they are the finishers, faces of the sector's most known and prestigious entities and are the highest paid. The Employees are represented by the midfielders, because like midfielders in football who are the link between defence and attack, the employees are the link between the small holder farmers and the entrepreneurs. The small holder farmers are represented by the defenders, and are the most important category of all 4, because when they do well and let in no goal, the worst result the team can get is a draw, even even all other categories fail. Just like defenders therefore, the small holder farmers are the most important category of the 4 because they form the foundation upon which all the other 3 categories depend. Without agricultural production none of the other 3 categories would be in business, and infact of all 4 categories, small holder farmers are the ones most self reliant, able to survive without the need of the other 3, in strict regard to what they do in the chain and their ability to live simple lives under a subsistence model if all hell broke loose. They also have an unfortunate similarity with defenders in that, despite being the most important, they are the least recognised and least paid. The funders/financiers in the sector are represented by the Coaches/Managers, who through their funding, influence/enhance strategy, tactics, product and market selection. In our diagnosis, our strikers suffer from unlendability symptomised by deficiency in soft skills, values, and unmitigated Key man risk, employees suffer from unemployability symptomised by a poor work ethic, and limited innovation and taking of initiative, small holder farmers suffer from a deficiency of last mile impact that hinders them from translating increased incomes to improved livelihoods, and the increasing threat of business succession failure where the children of farmers who are passing on are not taking up small holder farming because they have much less land to do it on, it pays poorly, and they have better options of earning an income. Cont'd in next post....

You Got Farming Fire? AzamineTrek Can Fan Your Funding Flames! ☀️ Yo, young African game-changers!  Ever pictured yourself ditching the suit-and-tie grind and becoming a boss farmer? We see you and that incredible dream! But that initial capital – it can feel like a brick wall, right? Don't you sweat it! AzamineTrek is your partner, cheerleader, and secret weapon to raise the cash and cultivate your agricultural dreams. Let's get you growing! Q: Grants? Grants? Where's the Grant Money Rain? A: Boom! There are awesome organizations like (relevant government or agricultural development organizations in your region) showering young farmers with grants. Research what's available in your area and polish that application like a pro! #YoungAfricanFarmers #GrantGoals Q: Banks? Don't They Just Laugh at Newbies? A: Not anymore! Many banks have loan programs specifically designed for young agricultural entrepreneurs. Pro Tip: AzamineTrek helps you craft a business plan so fire, it'll have bankers begging to invest! #BossMove #AzamineTrekEmpowers Q: Family & Friends – The OG Investors? A: You know it! But before you hit them up, be prepared. AzamineTrek shows you how to create an investment pitch that screams passion, expertise, and guaranteed success. #FamilySupport #PitchLikeAPro Q: Crowdfunding – Can I Really Get Random People to Invest? A: Absolutely! Platforms like (relevant crowdfunding platforms in your region) connect you with a global audience of potential investors. With AzamineTrek's marketing magic, we'll turn your crowdfunding campaign into a social media phenomenon! #CrowdPower #AzamineTrekGetsYouFunded Ready to cultivate your farming dreams? Don't wait! Follow Us for fire tips and tricks to keep your farm thriving! Share this article with your hustler network! Comment Below with your biggest farming challenge. Let's brainstorm solutions! React to tell us what kind of agricultural content you crave! DM Us to schedule a FREE consultation and get your personalized capital-raising plan started! Together, let's make Africa's agricultural future a flourishing paradise! #AzamineTrek #YoungAfricanFarmers #CultivateYourLegacy

This is highly insightful and very thoughtful. I like the way the Agricultural sector was analysed. This also drives home the point that the majority of Sub-saharan Countries go through similar challenges. I can clearly see the Nigerian context through this simple analogy. How do we set up a system that addresses these issues and is also very sustainable.

𝗘𝘃𝗱𝗮𝗿 𝗦.: 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮 𝗙𝘂𝘁𝘂𝗿𝗲 𝗶𝗻 𝗕𝗲𝗲𝗸𝗲𝗲𝗽𝗶𝗻𝗴 Evdar, 29, from Cërrik, Albania, has built a thriving beekeeping business rooted in both his academic background and family tradition. With a Master of Science in Zootechnics, Evdar decided to focus on beekeeping after completing his studies, recognizing the market value of organic, high-quality honey products. Motivated by a desire to contribute to his community and promote the beekeeping industry, Evdar sought financing to expand his venture. After consulting local farmers, he was consistently referred to FED invest – put partner and member, known for its accessible, low-interest loans and a straightforward application process. FED Invest’s location near Cërrik made it even more convenient for him. Evdar now considers himself a loyal client of FED Invest, appreciating not only the support but also the valuable resources available through the ABA Online App. This platform has connected him with industry experts who share insights tailored to his production needs, offering advice that has significantly improved his beekeeping practices. Looking ahead, Evdar sees great potential in developing Albania’s agricultural sector and believes his work can make a lasting impact. He is grateful for the ongoing support from FED Invest and is committed to maintaining this long-term partnership, which he views as essential to the growth of his business and his future. 𝘛𝘩𝘪𝘴 𝘴𝘵𝘰𝘳𝘺 𝘪𝘴 𝘱𝘢𝘳𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘔𝘪𝘤𝘳𝘰𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘧𝘰𝘳 𝘠𝘰𝘶𝘵𝘩 𝘌𝘯𝘵𝘳𝘦𝘱𝘳𝘦𝘯𝘦𝘶𝘳𝘴𝘩𝘪𝘱 𝘊𝘢𝘮𝘱𝘢𝘪𝘨𝘯 2024, 𝘢𝘪𝘮𝘦𝘥 𝘢𝘵 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘰𝘯𝘴 𝘸𝘪𝘵𝘩 𝘮𝘪𝘤𝘳𝘰𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘴𝘵𝘢𝘬𝘦𝘩𝘰𝘭𝘥𝘦𝘳𝘴 𝘢𝘯𝘥 𝘴𝘩𝘰𝘸𝘤𝘢𝘴𝘪𝘯𝘨 𝘵𝘩𝘦 𝘦𝘴𝘴𝘦𝘯𝘵𝘪𝘢𝘭 𝘳𝘰𝘭𝘦 𝘰𝘧 𝘮𝘪𝘤𝘳𝘰𝘧𝘪𝘯𝘢𝘯𝘤𝘦 𝘪𝘯 𝘦𝘮𝘱𝘰𝘸𝘦𝘳𝘪𝘯𝘨 𝘺𝘰𝘶𝘯𝘨 𝘦𝘯𝘵𝘳𝘦𝘱𝘳𝘦𝘯𝘦𝘶𝘳𝘴. Learn more about the campaign: https://ow.ly/E1LO50U92i3

AgDevCo has announced £25 million of funding from the UK’s Foreign, Commonwealth and Development Office (FCDO) to establish AgDevCo Ventures, a new investment strategy in the group. AgDevCo Ventures will make smaller investments (£0.75 million – £2.5 million) than AgDevCo's main investment strategy with a focus on early-stage agri-SMEs and with the aim of building the next generation of African agribusinesses. The UK Minister for Africa, Lord Collins of Highbury said: “Improving food markets will have a game changing impact on individuals and families across Africa. Giving hard working farmers stable incomes, creating jobs for the youth and helping end malnutrition. Without access to funding, no matter the drive and ingenuity, too many businesses can’t get off the ground.” Read the full article here: https://lnkd.in/dgDtcb5j * Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here: https://lnkd.in/duy5dWPs Ray Collins Daniel Hulls

AgDevCo, an investment firm specializing in the African agricultural sector, has recently secured $32 million in funding from the UK’s Foreign, Commonwealth and Development Office (FCDO). This funding will spearhead the launch of AgDevCo Ventures, a novel investment initiative dedicated to nurturing early-stage agribusinesses across Africa. The initiative is strategically positioned to bolster the growth of small and medium enterprises (SMEs) by providing them with essential financial backing. With an investment focus on the “missing middle”—a segment of SMEs often bypassed by private investors due to perceived risks and elevated transaction costs—AgDevCo Ventures will offer investments ranging from $1 million to $3 million. The venture’s mission is to foster job creation, enhance the earnings of smallholder farmers, and strengthen climate resilience on the continent by channeling capital into these nascent agribusinesses. Click the link to read more: https://lnkd.in/dX2sRcxB #innovationvillage #agdevco #agritech #agribusiness #agriculture #unitedkingdon #commonwealth #smallmediumenterprise #investments #funding #africabusiness

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