Oyster Agribusiness, a Ghanaian agri-tech company specialising in climate-smart agriculture, has secured US$2 million in funding to expand its reach and empower smallholder farmers across the country. This significant investment, led by Pangea Africa Limited, a Business Development service provider, will allow Oyster Agribusiness to further revolutionize Ghana’s agricultural sector and bolster its resilience in the face of climate challenges.
The funding comes from a consortium of impactful investors, including Root Capital, RDF Ghana, and Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND). This collaborative effort highlights the growing recognition of Oyster Agribusiness’s success in transforming the lives of smallholder farmers. Over the past five years, the company has demonstrably improved the livelihoods of 4,500 farmers, facilitated the cultivation of over 20,000 acres of farmland, and delivered a staggering 25,000 tons of agricultural produce to local and international markets.
“We are thrilled to have the support of such esteemed partners,” said Edmond Kombat, CEO of Oyster Agribusiness. “Their expertise and backing will be instrumental in accelerating our vision for a more sustainable, inclusive, and resilient agricultural ecosystem in Ghana.”
This fresh injection of capital will empower Oyster Agribusiness to expand its operations and reach. The company will be able to implement innovative climate-smart agricultural initiatives on a wider scale, directly benefiting a larger number of Ghanaian farmers.
Pangea Africa Limited played a pivotal role in securing this funding. “Oyster Agribusiness exemplifies the growing trend of African agribusinesses generating positive impact across the board,” noted Nii Lokko, Partner at Pangea Africa Ltd. “They are achieving impressive financial results while demonstrably improving the social and environmental landscape, particularly for Ghanaian farmers. Their leadership serves as a beacon for other West African agribusinesses.”
This investment underscores the growing importance of sustainable agricultural practices in Ghana. By empowering smallholder farmers and promoting climate-smart solutions, Oyster Agribusiness is paving the way for a more secure and prosperous future for the nation’s agricultural sector.
