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
-
Africa posts world’s fastest growth in tourist arrivals in 2025, UN data show
19:47
-
Togo Launches First Comedy Training School in Aného
19:11
-
Ethiopia’s CBE launches digital platform to channel diaspora remittances
19:09
-
Togo Delivers Electric Vehicles To Environment Ministry, Golfe 3 Municipality
17:51
-
Togo Tax Authority Briefs Businesses On Key 2026 Budget Measures
17:32
-
Algeria–Italy Forge University Partnerships to Increase Skills and Employability
16:53
-
TVS Motors in Talks to Build Africa’s Largest Motorcycle Plant in Egypt
16:44
-
Government, Business Leaders Map Power Sector Fix to Lift Industrial Output
16:42
-
At Brazzaville Summit: CEMAC Pushes Debt Discipline and Import Substitution to Secure CFA Stability
16:41
-
Cameroon Greenlights FCFA 16.5bn Budget to Power Rural Livestock and Fish Value Chains
16:39
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Gas-fired plants and renewables anchor Mauritania’s electricity expansion plan New thermal, solar...
Tourist arrivals to Africa rose 8% in 2025, the highest global increase. The continent welcomed 81 million international tourists during the...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border transfers and multiple financial services. The...
Algeria and Italy signed university partnerships to strengthen research, entrepreneurship, and academic mobility between the two countries. The...
TVS Motors is in discussions to build its first African motorcycle and tricycle manufacturing plant in Egypt, according to the Egyptian Investment...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...