The African agri-tech space is booming, with the number of startups operating in the market growing 110 per cent over the past two years, and over US$19 million invested into the sector in that period.
The Agrinnovating for Africa: Exploring the African Agri-tech Startup Ecosystem Report 2018 compiles and examines data on 82 agri-tech startups currently operating in 16 African countries.
The research shows that while startups were active in the agri-tech space in Africa from as early as 2010, the majority of ventures launched in the past two years - with agri-tech experiencing a profound boom over 2016 and 2017.
Kenya was the pioneer of agri-tech on the continent, and continues to host a strong community of startups in this space. However, the sector has recently accelerated in West Africa, and now Nigeria ties with Kenya as the top agri-tech markets in Africa, with Ghana making up the top three.
This report looks in depth at regional hotspots; and divides agri-tech into six sub-categories examined separately.
The publication also includes:
- Consideration of the pan-African spread and growth of agri-tech ventures;
- Discussion of startup activity in six sub-sectors of the industry;
- Data on agri-tech startup launches by year;
- Tracking of funding in the agri-tech space.
The report is available here, at a cost of US$150.
NB. This version of this report includes the appendix containing the full dataset of 82 startups.