By Precious D. Freeman
Oyster Agribusiness, an innovative agri-tech company specializing in climate-smart agriculture, has successfully raised $2 million in funding to expand its operations and enhance support for smallholder farmers across Ghana.
The funding round was spearheaded by Pangea Africa Limited and included contributions from Root Capital, RDF Ghana, and the Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND).
Over the past five years, Oyster Agribusiness has significantly transformed the livelihoods of smallholder farmers, focusing on sustainable agricultural practices. Notable achievements include:
Paying over GH¢60 million (approximately $3.8 million) to smallholder farmers, positively impacting the lives of 4,500 smallholder farmers, cultivating over 20,000 acres of farmland and supplying over 25,000 tons of agricultural produce to both local and international markets.
This new capital will enable Oyster Agribusiness to scale its operations, reach more farmers, and further develop its climate-smart agricultural initiatives, thereby enhancing the resilience of Ghana’s agricultural sector in response to climate challenges.
CEO Edmond Kombat expressed his enthusiasm for the investment, stating, “We are thrilled to have the support of Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited.
Their expertise will help us accelerate our vision. This investment highlights 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.”
Pangea Africa Limited was instrumental in structuring the fundraising process, ensuring Oyster Agribusiness attracted suitable partners while remaining focused on environmental sustainability and farmer empowerment.
Nii Lokko, Partner at Pangea Africa Ltd, praised Oyster Agribusiness, stating, “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 set a shining example for their West African agribusiness counterparts.”
Oyster Agribusiness is committed to climate-smart agriculture, supporting smallholder farmers through technology and sustainable farming solutions.
By closely collaborating with farmers, the company aims to improve productivity, foster economic growth, and contribute to food security in Ghana.
Pangea Africa Ventures is a business development service provider that supports startups and growth-stage businesses across Africa.
With a focus on innovation, sustainability, and impact, Pangea helps companies scale their operations, access new markets, and raise capital.
This funding marks a significant step forward for Oyster Agribusiness as it continues to enhance its impact on Ghana’s agricultural landscape.
