Ghana-based agri-tech company, Oyster Agribusiness, has secured US$2 million in funding to expand Africa’s food base and deepen its impact on smallholder farmers across Ghana.
The funding was raised with the support of Root Capital, RDF Ghana, and Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND). The fundraising process was facilitated by Pangea Africa Limited, a leading Business Development Service provider specializing in climate-smart agriculture.
Oyster Agribusiness, known for its focus on climate-smart agricultural practices, has played a pivotal role in transforming the livelihoods of smallholder farmers in Ghana over the past five years. During this period, the company has paid over GH¢60 million—approximately US$3.8 million—to smallholder farmers, positively impacting the lives of 4,500 individuals. The company has also cultivated over 20,000 acres of farmland and supplied more than 25,000 tons of agricultural produce to local and international markets.
This new capital injection will enable Oyster Agribusiness to expand its operations, reach more farmers, and scale its climate-smart agricultural initiatives, thereby strengthening the resilience of Ghana’s agricultural sector against climate challenges.
Mr. Edmond Kombat, the CEO of Oyster Agribusiness, expressed enthusiasm for the support received: “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.”
Nii Lokko, Partner at Pangea Africa Ltd, praised Oyster Agribusiness as a model of a growing African agribusiness generating triple bottom-line impact. He highlighted the leadership of Mr. Edmond Kombat, stating that Oyster is achieving impressive profits while delivering measurable social and environmental benefits, particularly for Ghanaian farmers. He described the company as a shining example of leadership for its West African agribusiness counterparts.