In 2021 and 2022, the top 10 Nigerian startups in food and agricultural industry secured 90% or more of the total investment in the agriculture sector.
Namibia and the United States have signed a five-year, $10 million co-funding agreement to promote the development of farmer cooperatives and small businesses in rural areas.
The UK DEFRA has announced £10 million in grants for cattle farmers to modernise facilities and improve livestock conditions, productivity, and profitability.
Agritech companies received a total of $561 million investments in 2022 while foodtech saw $1.3 billion, marking a YoY growth of 4.66% and 30%, respectively.
