Oyster Agribusiness, a trailblazing agri-tech firm in climate-smart agriculture, has raised $2 million in funding to expand its operations and uplift smallholder farmers across Ghana. The investment was made possible through the backing of Root Capital, RDF Ghana, and the Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND). The fundraising process was spearheaded by Pangea Africa Limited, a renowned business development services provider.
Over the past five years, Oyster Agribusiness has transformed Ghana’s agricultural landscape by:
– Paying over GH¢60 million ($3.8 million) to smallholder farmers.
– Positively impacting 4,500 smallholder farmers.
– Cultivating 20,000 acres of farmland.
– Supplying 25,000 tons of produce to both local and international markets.
With this new funding, the company aims to scale its climate-smart initiatives, reaching more farmers and reinforcing the resilience of Ghana’s agricultural sector against climate challenges.
CEO Highlights Company’s Vision
Edmond Kombat, CEO of Oyster Agribusiness, expressed excitement about the investment:
“We are thrilled to have the support of Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited, whose expertise and backing will help us to accelerate our vision. This investment is a testament to the impact we’ve made with smallholder farmers and the tremendous potential we see in scaling our operations. Together, we are working toward a more sustainable, inclusive, and resilient agricultural ecosystem in Ghana.”
Pangea Africa’s Role in the Success
Pangea Africa Limited played a critical role in structuring the fundraising process, connecting Oyster with partners who align with its vision of sustainability and farmer empowerment.
Nii Lokko, Partner at Pangea Africa, praised the company:
“Oyster is a prime example of a growing African agribusiness generating triple bottom-line impact. Under the dynamic leadership of Mr. Edmond Kombat, Oyster is achieving impressive profits while delivering measurable social and environmental benefits, particularly for Ghanaian farmers. They serve as a shining example of leadership to their West African agribusiness counterparts.”
Oyster Agribusiness’s success underscores the immense potential of climate-smart agriculture to drive economic growth while empowering smallholder farmers across Africa.
