MAY 15, 2018 – A recent report has shown that Nigeria and Kenya are currently topping the chart as African giants in agri-tech market.
In the report, Kenya and Nigeria are in first place as the top two agri-tech markets on the continent, while Ghana trails in the third position. The three countries account for over 60 per cent of agri-tech startups active in Africa.
According to the report tagged, Agrinnovating for Africa: Exploring the African — which was forward to track annual startup activities in the agri-tech space shows that there are 82 startups in the sector and that the market has grown by 110% in the last two years.
It also revealed that more than $19 million was invested in the agri-tech sector over the past two years.
The current boom began in 2016, and over the following two years, 43 new ventures have been launched across Africa.
