Zambian Good Nature Agro closes $2mln financing for farmers
Monday, 05 October 2020 15:52
Zambian tech-enabled agricultural startup Good Nature Agro announced it has raised $2.1 million in a Series A funding to support nearly 15,000 farmers across the country. The operation was led by Dutch firm Goodwell Investments with the participation of Global Partnerships and FINCA Ventures.
Good Nature Agro's support will take the form of loans, provision of inputs, technical assistance, and networking of processing companies and investors interested in crops. The company led by Carl Jensen hopes to enter a new phase in its development cycle.
“We are excited that our investment will support the next phase of the company’s growth, and we look forward to working with the team on this journey,” said Mercy Zulu, Investment Associate of Goodwell Investments.
Agriculture represents about 7% of Zambia’s GDP and is the major source of income for people living in rural areas.
Chamberline Moko
Live News
-
Togo launches Assinyon digital marketplace to promote local products
17:05
-
Yaoundé to Host the 2026 Cocoa & Coffee Festival From March 26 to 28
16:39
-
MTN Bids $2.2bn to Regain Control of IHS Towers, Including in Cameroon
16:32
-
Cameroon: IMF Sees Gradual Growth Recovery Driven by Mining and Energy Reform
14:56
-
Cameroon Engages Three Foreign Firms to Expand Water Network and Lift CAMWATER Revenue by 60%
14:54
-
Dakar Positions Itself as Gaming Hub Through Efest Africa Initiative
14:08
-
Hol Mayissa Seeks to Democratize Cross-Border Payments Through KeeCash
13:59
-
Alric Mintsa Seeks to Modernize Gabon’s Recruitment Landscape Through Mbolojob
13:50
-
Togo joins regional REWARD programme to cut rice import dependence
13:40
-
Enko Education, owner of Togo’s Cours Lumière, closes $46 mln funding round
13:31
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
Feasibility study identifies 8.3 MW technical potential at Ngqura Project still pending regulatory approvals and investment decision Could become...
Democratic Republic of the Congo selected a public-private partnership to pave 258 km of National Road No. 27 in Ituri province. The project carries an...
Four East African countries signed an agreement creating the DESSU Corridor Authority on February 15 in Djibouti. The multimodal corridor will link the...
As digital payments continue to expand across Francophone Africa, the ecosystem is moving into a more mature phase where the core challenge is no longer...
“Dao” ranks among the three films in official competition at the 76th Berlinale and marks Alain Gomis’ second bid for the Golden Bear. The film...
Fort Jesus is a fortress located in Mombasa, on Kenya’s coastline, at the entrance to the natural harbor that long made the city a hub of trade in the...