Funding In Africa
InspiraFarms closes Series B to roll out solar powered cold storage units across Africa
Expanding the cold chain across the African continent is both necessary and hard. A better network of cold storage facilities is necessary to drive down food waste and enable wider access to fresher produce. And it’s difficult due to high installation costs and all sorts of risks, most notably those surrounding intermittent electricity supplies and connectivity in rural areas. Read more
Carry1st Raises $2.5m Seed Funding To Create Unique Gaming Content and Expand User Base in Africa
The round which was led by CRE Venture Capital brings the startup’s total funding to about N1.56 billion ($4M). The company intends to use part of the funds raised to create more unique gaming content for its platform Read more
Funding In North Africa
NextProtein closes $11.2m Series A to scale up insect production in Tunisia
NextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and fertilizer, has raised €10.2 million ($11.2 million) in Series A funding, the company disclosed . According to AgFunder data, this is the largest early-stage agrifoodtech deal in Tunisia yet. Read more
Opinion
African AgTech: Five Takeaways
Africa is home to roughly 17% of the world’s population and is the second most populace continent on earth; the UN estimates that Africa’s share of the world population may grow to as much as 25% by 2050. Read more
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