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Notes From Africa: Apollo Agriculture, Agro Care, Shamba Pride, Crown Beverages

ESM’s regular series, Notes From Africa, brings you the latest retail, consumer goods, and food-and-beverage stories from across Africa.

Kenyan company aims to digitize last-mile distribution for domestic ag goods

Kenyan company aims to digitize last-mile distribution for domestic ag goods

Shamba Pride aims to fix distribution for Kenya's ag inputs

Shamba Pride digitizes many tasks for agro-dealers in an effort to improve quality and traceability as well as access to information.

AfDB plans to invest $10.5 million in Seedstars Africa Ventures

Excerpt

How African startups raised funding in 2023

After defying the global funding slowdown of 2022, VC investments in African startups dropped considerably last year, mirroring the situation in other regions where capital taps were significantly turned off. Data trackers set the amount raised by African startups in 2023 at between $2.9 billion and $4.1 billion, from $4.6 billion to $6.5 billion in total funding the previous year. With equity funding becoming rare, several startups found it hard to survive, leading them to either cut down their teams or scale down operations and, in some cases, close shop.

Shamba Pride

EDFI AgriFI – the EU Agriculture Financing Initiative – and Seedstars Africa Ventures announce a strategic pre-series A investment of USD 3.7 million in Shamba Pride, a pioneering Agri SME based in Kenya. 

Kenyan firm Shamba Pride raises $3.7M to boost its merchant network

Kenyan agtech Shamba Pride raises $3.7M to grow its merchant network

The agtech has secured debt-equity funding from the EU agriculture financing initiative EDFI AgriFI and Seedstars Africa Ventures.

Shamba Pride secures $3.7m pre-series A funding to help Kenyan farmers distribute their produce

Shamba Pride gets $3.7m funding to help farmers in Kenya and beyond. Through its merchant network, the agtech with a 2,700 dealers.

Kenya-based agri startup Shamba Pride secures $3.7 million investment