Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder. Africa was the only region globally where agrifoodtech investment increased in 2022, according to AgFunder’s latest agrifoodtech investing report in collaboration with Temasek. African agrifoodtech funding has steadily increased since 2019, and investment trends have looked promising over the years. The realization that food systems are highly susceptible to world events and that technology could make these systems more resilient appears to have shocked and spurred industry players into action. Digitizing supply chains and food retail is a key focus for African startups and highlights the fragmentation of the region’s supply chain and retail network creating a hotbed for inefficiency.

Source: The North Africa Journal April 20, 2023 05:40 UTC