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Oyster Agribusiness secures US$2million in funding to expand operations in Ghana’s agricultural sector
Oct 29, 2024
…Pangea Africa Limited leads successful fundraising round with Root Capital, RDF Ghana, and Sahel Capital
Under the dynamic leadership of Mr. Edmond Kombat, Oyster is achieving impressive profits while delivering measurable social and environmental benefits
ACCRA, Ghana, October 29, 2024/APO Group/ --
Over the last five years, Oyster Agribusiness has played a pivotal role in transforming the livelihoods of smallholder farmers and promoting sustainable agricultural practices. The company has:
Paid over GH¢60 million (US$3.8million) to smallholder farmers
Positively impacted the lives of 4,500 smallholder farmers
Cultivated over 20,000 acres of farmland
Supplied over 25,000 tons of agricultural produce to markets locally and internationally
This fresh capital injection will allow Oyster Agribusiness to expand its operations, reach more farmers, and scale its climate-smart agricultural initiatives, further strengthening the resilience of Ghana’s agricultural sector in the face of climate challenges.
CEO, Edmond Kombat, shared his enthusiasm about the investment and the future of the company: "We are thrilled to have the support of Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited, whose expertise and backing will help us to accelerate our vision. This investment is a testament to 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."
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