A Ghana-based start-up Oyster Agribusiness received substantial funding of $310,000. Oyster plans to collaborate with smallholder farmers and aims to promote sustainable agriculture, gender inclusivity, and effective talent management, With funding from Root Capital, a nonprofit lending organization, the company will be able to further its objectives.
According to Enrich Africa, Oyster Agribusiness was Established in 2018 and aims to “empower smallholder farmers by providing them with sustainable inputs, enhanced agronomic practices, and a dependable market for their produce. Leveraging cutting-edge technology, the company efficiently distributes inputs, maximizes crop yields, and employs advanced techniques like seeders for planting and drones for effective spraying.”
Oyster Agribusiness is already in partnership with 3,000 smallholder farmers. The company has been awarded two grants, amounting to an extra $10,000.
Edmond Kombat, the visionary founder and CEO of Oyster Agribusiness, expressed his gratitude, he shared, “We extend our heartfelt appreciation to Root Capital, our invaluable partners, and the generous grant providers for recognizing the intrinsic value of our endeavours and the remarkable potential of smallholder farmers. This funding infusion will serve as a pivotal stepping stone in expanding our reach, fortifying our gender inclusion initiatives, and investing in our exceptional team. It will propel us closer to the realization of our vision—a thriving and sustainable agricultural sector.”