Ag-tech startup Apollo Agriculture secures US$1m debt funding from ABC Fund

KENYA – Agri-tech startup Apollo Agriculture, which uses machine learning and automated operations technology to help small-scale farmers access the resources they need to maximise their profitability, has raised US$1 million in debt funding from the Agri-Business Capital Fund (ABC Fund). Based in Nairobi, Apollo Agriculture is a commercial farming platform for small-scale farmers that uses machine learning and automated operations technology to help them access things like financing, insurance, farming products and optimised advice.  The startup, which raised a US$6 million Series A funding round in May of 2020 led by Anthemis…

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Three agribusinesses secure loans from ABC Fund to support their working capital

AFRICA – The Agri-Business Capital Fund (ABC Fund) has provided loans to three agri-businesses to support their working capital needs and their expansion, enabling higher rural employment and securing market access for farmers in their respective sectors. The two loans in the mango sector enable the provision of financing to SMEs that usually do not have access to local finance, with financial institutions being reluctant to finance the mango activity due the short harvest season, lasting only 3-4 months a year. The ABC Fund provided a loan of EUR450,000 (US$546,421)…

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ABC funds Ghanaian soya milling company to increase market access to farmers

GHANA – The Agri-Business Capital Fund (ABC Fund) has provided a loan of US$904,000 to soya milling and aggregation company Dragon Farming Limited, coupled with technical assistance.   Dragon Farming processes raw soya beans into soya bean meal, full fat soya and soya oil. The business has a processing line with a crushing capacity of about 48 metric per day and is on a mission to provide innovative and environmentally sustainable products that satisfy the nutritional needs of farmed animals in Ghana and beyond.   Dragon’s vision is to become a…

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