Agriculture

Agri-Tech: Nigeria, Kenya lead market

Chief Audu Ogbeh, Minister of Agriculture

A recent report has shown that Nigeria and Kenya arecurrently topping the chart as African giants in agri-tech market.

In the report, Kenya and Nigeria are in first place as the top two agri-tech markets on the continent, while Ghana trails in the third position. The three countries account for over 60 per cent of agri-tech startups active in Africa.

According to the report tagged, Agrinnovating for Africa: Exploring the African — which was forward to track annual startup activities in the agri-tech space shows that there are 82 startups in the sector and that the market has grown by 110% in the last two years.

It also revealed that more than $19 million was invested in the agri-tech sector over the past two years.

The current boom began in 2016, and over the following two years, 43 new ventures have been launched across Africa.

David Olagunju

Recent Posts

AMMC set to demolish illegal structures in Abuja

The Abuja Metropolitan Management Council (AMMC) has launched a demolition drive to remove illegal structures…

12 minutes ago

South-East PDP moves to fill vacant National Secretary seat

"The replacement for the office of national secretary which was vacant or occupied initially by…

16 minutes ago

Bauchi gov reiterates commitment to safe school initiative

Bauchi Governor, Sen Bala Abdulkadir Mohammed, has reiterated its commitment of his administration to adequate…

23 minutes ago

Akpabio tackles Obi, says labour of heroes not in vain

… As lawmakers eulogised late Clark President of the Senate, Godswill Akpabio, has faulted remarks…

33 minutes ago

Labour Party crisis: INEC accords Abure, Farouk recognition

Recent checks indicate that the electoral body has recognized the faction led by Julius Abure,…

45 minutes ago

Tinubu lauds troops for securing key highway project

Minister of Defence, Mohammed Badaru Abubakar, has said President Bola Ahmed Tinubu is happy with…

47 minutes ago

Welcome

Install

This website uses cookies.