Oyster Agribusiness, an innovative company focused on climate-smart agriculture, has raised $2 million to expand operations in Ghana.
The funding round was led by Pangea Africa Limited. It brings support from Root Capital, RDF Ghana, and the Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND).
This milestone investment will enable Oyster Agribusiness to reach more farmers and promote sustainable agricultural practices. It will also strengthen Ghana’s agricultural sector in the face of climate challenges.
Oyster Agribusiness has committed to transforming agriculture for smallholder farmers since its inception. Over the past five years, the company has cultivated over 20,000 acres of farmland.
This has impacted 4,500 farmers and supplying 25,000 tons of produce to local and international markets. The company has also provided substantial economic support to farmers, with payouts totaling over GH¢60 million (US$3.8 million).
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Expanding Sustainable Agriculture
With fresh capital from investors, Oyster Agribusiness plans to deepen its impact on smallholder farmers, especially in rural areas. The funds will support programs focused on climate-smart farming methods, which have proven essential in adapting to changing climate conditions.
CEO Edmond Kombat expressed his excitement about the new investment, noting its importance for the company and for Ghana’s farmers. “We are thrilled to have the support of Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited. Their 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.”
Root Capital and RDF Ghana are known for their support of sustainable agriculture across Africa. By joining forces with Oyster Agribusiness, they aim to make a significant impact on farming communities in Ghana, enabling farmers to improve yields and profitability while protecting the environment.
Guided by Pangea Africa’s Expertise
Pangea Africa Limited, a leading business development service provider, structured and guided the fundraising process. Pangea Africa helped Oyster Agribusiness attract the right investors, all of whom share the company’s commitment to environmental sustainability and social impact.
The company’s partner Nii Lokko praised Oyster’s approach to agribusiness and its positive effects on the Ghanaian economy. “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.”
This latest capital injection signals confidence in Ghana’s agriculture sector, especially as Oyster Agribusiness and its partners work to empower smallholder farmers and increase agricultural productivity in sustainable ways.
The investment will not only boost food security but also promote economic growth by opening new market channels for locally produced goods.