Africa: More efficient agritech is winning over investors

According to FOA data, Africa is the continent with the most arable land; some 23 percent of the region’s over 30 million km2 can be cultivated to provide produce for its peoples. Yet, food shortages in this continent remain a challenge.

More than 100 million Africans faced emergencies, crises or extreme levels of food insecurity in 2020—a 60 percent leap from the previous year. Even this 2021, the challenge is expected to be more persistent, no thanks to the effects of last year’s pandemic scare.

Conflict remains a major reason for food security in Africa, but as areas get more secure, tech startups have risen to build systems that would support the continent’s agricultural efforts. That’s where companies like ThriveAgric and Farmcrowdy come into play, mostly to enable the success of mechanization with smallholder farmers-targeted offerings. In short: African agritech startups are now making financial strides.

In a more recent sense, agritech in the continent has a different look. Though not quite the one-size-fits-all facelift, the change isn’t far-reaching. Investors are seemingly cultivating a taste for Artificial Intelligence (AI)-enabled agritechs.

Source: weetracker.com


Photo source: Dreamstime.com


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