Ghanaian agri-tech startup AgroCenta raises $790k pre-Series A funding - Disrupt Africa - 0 views
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“The demand for agricultural raw materials from offtakers in the brewery, manufacturing and consumer sector is increasing exponentially because of the easing of the COVID-19 restrictions that were put in place by the government of Ghana, hence this capital injection will help to secure purchases at fair and transparent prices from smallholders — a much needed lifeline for many who are at the proverbial bottom of the pyramid.”
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aminej on 12 Feb 21This is an issue we also used to have in Morocco in period of crisis. Farmers start increasing prices because of the high demand and people start complainning. It is important to Regulate prices in the Market in order to avoid a civil war in period of crisis
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AgroCenta will use the funding to further develop its smallholder farmer inclusion programmes and procure crops at transparent and fair market prices to service offtake contracts. The startup’s chief executive officer (CEO) Francis Obirikorang and co-founder Michael Ocansey said the investment was vitally important.
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This is a significant milestone for AgroCenta, having the support of leading institutions, particularly with the COVID-19 backdrop, underlining the strength of AgroCenta and the importance of its mission,” they said.
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