Author: Tajudeen Adegbenro

Mr. Promise Amahah, Director-General of the Nigeria Young Farmers Network (NYFN), believes that research, technology, and creativity are critical for increasing agricultural mechanization and improving crop yield and the entire value chain. During an interview with the News Agency of Nigeria (NAN) on Friday in Abuja, Amahah urged farmers to…

Gilbert Fossoun Houngbo, a senior official and formal Prime Minister of Togo, has been announced as the president of the International Fund for Agricultural Development (IFAD) for a record second time. The organization’s main decision-making body, IFAD’s board of governors, has entrusted in Gilbert again the Rome-based organization’s affairs for…

Last year, CarePay, a platform that funds private and public health plans with smart mobile health wallets to provide access to high-quality healthcare, lent out US$18.24 million to private healthcare facilities, primarily to finance the purchase of necessary equipment and expansion. The CarePay platform supports private and public health plans with smart…

Undoubtedly, agriculture in Africa has a significant social, and economic footprint as 60% of West Africa’s population is smallholder farmers. Nearly 23% of Gross Domestic Product (GDP) is from agriculture. However, the African farmers continue to face challenges such as limited quantities of produce, distance, lack of storage facilities, inadequate…

Bioline Agrosciences, a biological control company based in North America that specializes in the production of predatory insects and mites, recently announced the purchase of Dudutech. Dudutech, a Kenyan biocontrol company, from British company Flamingo Group International (a World leading company in the manufacturing and sale of Cut Flowers, Fresh…

Marlink, a provider of Smart Network Solutions, has partnered with yet another company, Soremar Group, a maritime company, with the aim of providing an improved safety and vessel management services to fishing vessel operators in North Africa. The agreement sealed between these two companies enables Soremar’s Clients, which are firms…

Adjuvant Capital, a life sciences investment firm that focuses on promoting global health, has announced an oversubscribed US$300 million Global Health Technology Fund. This Fund is meant to accelerate medical innovations for historically and largely ignored public health issues. The capital investment launched in 2019, will assist promising modern technologies…

Nourishing Africa has partnered with MasterCard Foundation and the United States African Development Foundations (USADF) to launch the Entrepreneur Support Program (ESP). This program is carefully designed to provide capacity building by training and providing technical advisory and catalytic financing to Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria’s…

Codecademy, an online coding school has raised a new round of funding, led by Owl Ventures and with support from Proses and Union Square Ventures, after going four years without raising any funds. The company has been teaching students and workers how to code in an immersive environment. The startup…

A review of recent funding reports reveals a trend of investors’ emphasis on industries with the best-perceived development and prominence prospects. In the last decade, eCommerce and financial services firms have dominated the funding room in West Africa. Nigerian healthtech startups saw increased funding activity in 2020, according to Techpoint…

Photomath, a renowned mobile app used in solving equations, has generated a Series B funding of a whopping $23 million led by Menlo Ventures. With this app, you can solve a math problem by simply pointing your phone’s camera at it. Photomath recognizes the problem written and provides a step-by-step guide to…

World Health Organization (WHO) reports reveal that more than 800 women die from preventable conditions associated with reproductive health every single day. Generally, African women suffer from many diseases and, in some cases, death, most especially during their reproductive years. There are many factors responsible for these incidences in African…

The funding would be used for the expansion of the agritech’s services in South Africa and neighboring countries including Namibia and Botswana. With the new investment, swiftVEE will be included on Zire, South Africa’s first multi-industry agricultural services platform that will provide technology services to industry stakeholders in the livestock,…

Newsela a SaaS platform for K-12 instructional material supported by the likes of Kleiner Perkins, Owl Ventures, Reach Capital, and TCV, declared today that it has acquired $100 million in a Series D round. The financing was driven by new investor Franklin Templeton and moves Newsela’s valuation to $1 billion.…

The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has pledged the apex bank’s commitment to making local lenders increase credit facilities to the agriculture sector to 10 percent. This is a part of tactics to key into the 2021 global economic restoration projection in the country. According to…

The International Institute of Tropical Agriculture (IITA) and SANO Food Limited have partnered to launch new cassava seed varieties and organic foods as part of the Building an Economically Sustainable, Integrated Cassava Seed System, Phase 2 (BASICS-II) project. The goal is to increase cassava output and wealth for farmers while…

Since 2019, Diego Twahirwa, a Rwandan chili farmer, has been exporting his farm products to China. Though he also exports his products to some European capitals, China’s opportunities are so huge because the market there is consistent and has acquired more clients there. Twahirwa told the African Report that: “Rwanda and China’s relationship assists…

IncubMe incubator has existed for overs 2 years. It has been supporting many young project leaders across Algeria and are now expanding their action to help other African startups. IncubMe, launched in 2018, is the first Pan-African incubator produced in Algeria, recently held a press conference at the International Conference…

JJ Churchill, the precision engineering company, reduced the classical response time for the parts for the asymptomatic COVID-19 testing equipment needed by Surface Technology International (STI) by two-thirds. A prototype to the traditional production process that requires a large volume of testing will normally take up to 16 weeks to…

A Zimbabwean-based tech company, Phenomenon Technologies, has successfully developed an app that helps schools on the African continent solve financial issues while providing access to science models to promote education levels. A high school science teacher, Nkosana Masuku, founded the Zimbabwean startup in 2018 after several challenges in pushing through…