Kenya’s AgriTech Startups Raise $60 Million in First Half of 2024

by KenyaPolls

Kenyan AgriTech startups secured $60 million in funding in H1 2024, leading East Africa in agritech investment. Top deals include Apollo Agriculture ($20M for AI-driven credit), SunCulture ($15M for solar irrigation), and FarmDrive ($10M for livestock insurance). Investors include Acumen, IFAD, and British International Investment. The funds will scale solutions for 2 million smallholders in climate-smart farming, market access, and finance. The government’s AgriTech Innovation Fund and Konza AgriHub provide co-investment and incubation. With 70% of Kenyans in agriculture, AgriTech is key to food security and rural job creation under the Bottom-Up Agenda.

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