Oyster Agribusiness, a pioneering agri-tech company in climate-smart agriculture, has secured $2 million in funding to expand its operations and support more smallholder farmers across Ghana. The funding was raised with contributions from Root Capital, RDF Ghana, and Sahel Capital’s SEFAA Fund, with Pangea Africa Limited leading the process as a key business development partner.
Over the past five years, Oyster Agribusiness has had a transformative impact on Ghana’s agricultural sector by:
- Distributing GH¢60 million ($3.8 million) to smallholder farmers
- Positively affecting 4,500 farmers
- Cultivating over 20,000 acres
- Supplying 25,000 tons of produce to local and international markets
The new funding will help Oyster scale its climate-smart initiatives and expand its reach, building resilience within Ghana’s agriculture sector in the face of climate challenges.
CEO Edmond Kombat expressed his excitement about the investment, saying, “With support from Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa, we are set to accelerate our mission. This funding affirms the positive impact we’ve had with smallholder farmers and the potential we see in scaling further for a sustainable, resilient agricultural ecosystem in Ghana.”
Pangea Africa Limited, which led the fundraising, underscored the importance of Oyster’s work. Nii Lokko, Partner at Pangea Africa, stated, “Oyster is setting an example for African agribusiness by creating strong social and environmental benefits alongside financial success, particularly for Ghanaian farmers. Their leadership inspires agribusinesses across West Africa.
