African entrepreneurs are increasingly seeing the inherent opportunities within the agriculture sector, developing solutions that do everything from help farmers increase their yields to providing better access to markets. According to Disrupt Africa’s recently released African Tech Startups Funding Report 2017, agri-tech startups across the continent raised a combined total of US$13.2 million in funding last year, the fourth largest of any sector. This was up 203 per cent on 2016 figures, which had in turn been an increase of 8,660 per cent on the pitiful of US$50,000 raised by agri-tech startups in 2015. Akumah said the potential for sizeable returns for investors in agri-tech startups are as big as the market these startups play in. Africa’s agri-tech startups are solving big problems, and serving potentially huge markets.

Source: The North Africa Journal February 06, 2018 06:00 UTC