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 Reviews Metals Industry to Address Supply and Energy Constraints
04:16
-
CEMAC Plans Tighter FX Rules, but CFA6 Trillion Still Beyond Reach
21:31
-
Douala Port Expands Niger Transit Trade but Faces Strong Regional Competition
21:28
-
Cameroon’s Soap Exports Surge, Driving Revenue Growth Despite Supply Constraints
21:26
-
Cameroon’s Soap Exports Surge, Driving Revenue Growth Despite Supply Constraints
21:11
-
Derrick Bundi Builds Cross-Border Payments Platform With Pretium
21:00
-
Ng'winula Kingamkono Builds Debt-Free E-Commerce Platform in Tanzania
20:56
-
Chad Moves to Modernize Digital Laws Amid Technology Surge
20:52
-
Togo launches programme to train 240 women in heavy truck driving
20:15
-
Gozem in talks to secure €21 million from IFC to fund expansion
19:57
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Cameroon’s exports of household bar soap rose sharply in 2025, reaching 74,208 tons, up from 56,624 tons in 2024, according to the latest foreign trade...
Burkina Faso targets 6.1% growth in 2027 under plan Revenues and spending rising; deficit projected near 2.8% GDP Outlook supported by gold,...
IMF approves $266M RSF financing for Liberia climate resilience Additional $26M disbursed under ECF, total...
Axian Telecom partners with Oracle to unify management systems Platform to enable AI rollout, improve governance and...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...