Grace Ashiru
Ghanaian agritech company Oyster Agribusiness has secured $2 million to enhance its climate-smart farming initiatives. The funding round, led by Pangea Africa Limited, also received support from Root Capital, RDF Ghana, and Sahel Capital’s SEFAA Fund.
With this funding, Oyster aims to expand its reach to more farmers and bolster its climate-focused initiatives, which are vital as Ghana’s agriculture sector confronts increasing climate challenges.
Founded in 2018, Oyster Agribusiness supports smallholder farmers by providing sustainable inputs, modern agronomic practices, and a reliable market for their produce.
The company leverages innovative technology, such as drones for crop spraying and seeders for planting, to enhance efficiency. Over the past five years, it has supported approximately 4,500 small farmers, cultivated over 20,000 acres, and supplied 25,000 tons of produce both locally and internationally, disbursing around $3.8 million to its farmers.
Earlier this year, the company secured $310,000 to promote sustainable agriculture, gender inclusion, and talent management.
Agriculture plays a crucial role in Ghana’s economy, with the sector projected to grow from $3.4 billion in 2024 to nearly $3.9 billion by 2029. However, attracting young people to farming remains a challenge. Ishak Shaibu from Kwadaso Agric College emphasized the need to integrate agricultural training with IT skills.
