Agtech in Africa on the rise
Disrupt Africa takes a look at how technology helps overcome barriers in African agriculture, particularly fragmented value chains. 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.
Much of the 2017 total went to one company, Kenya’s Twiga Foods, which raised a US$10.3 million round in July. Launched in 2014, the company uses technology to consolidate the fragmented purchasing power of urban retailers, saving them a trip to the market by delivering to their doorstep better quality and better priced stock.