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
-
Cameroon Digitizes Freight Procedures to Ease Douala-N’Djamena Corridor Bottlenecks
04:00
-
Minkouma Energy Raises Capital Fivefold to 1 Billion CFA
03:53
-
Angola’s Sonangol Targets Uranium and Lithium in Shift Beyond Oil
03:52
-
Senegal Plans Real Estate Fund Targeting Diaspora Savings
03:31
-
Guinea Introduces Unique School ID for Primary Students
03:25
-
Benin: NSIA Bank Secures €20 Million Proparco Guarantee for SMEs
03:17
-
Moroccan Fintech WafR Turns Corner Stores Into Digital Finance Hubs
17:59
-
Togo Revives Cultural Fund, Approves New Funding Round
16:40
-
Togo approves draft bill to modernize cultural heritage protection
16:26
-
Lomé Port to Facilitate Transit of 20,000 Metric Tons of Fertilizer to Niger
15:53
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...
Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...
Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...
Sonangol to expand into uranium and lithium Company posted over $750 million 2025 profit Angola targets $2 billion non-diamond mining...
Pupils to receive unique school identification numbers Program aims to modernize education data management Guinea’s Ministry of National Education...
Burkina Faso signs $147 million US health deal Funding targets HIV, malaria and health security Malaria cases fell 32% in 2025 Burkina Faso...
Bankable, an online outlet covering economic news in the Democratic Republic of Congo, will publish an exclusive interview Friday, Feb. 27 with Olivier...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...