Oyster Agribusiness, a leading Ghanaian agri-tech company focused on climate-smart farming, has secured US$2 million in funding to expand its initiatives within Ghana’s agricultural sector.
This successful round, spearheaded by Pangea Africa Limited, saw contributions from Root Capital, RDF Ghana, and Sahel Capital Social Enterprise Fund for Agriculture in Africa (SEFAA FUND). With this capital, Oyster Agribusiness plans to enhance its operations, increase support to smallholder farmers, and strengthen climate-resilient agricultural practices in Ghana.
The company, led by CEO Edmond Kombat, has already made substantial progress over the past five years. Oyster Agribusiness has paid over GH¢60 million (US$3.8 million) to farmers, positively impacted the livelihoods of 4,500 smallholder farmers, and cultivated more than 20,000 acres of farmland. Additionally, the company has supplied over 25,000 tons of agricultural produce both locally and internationally, positioning itself as a significant contributor to Ghana’s agricultural industry.
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With this new funding, Oyster aims to scale its climate-smart agriculture initiatives, reinforcing the sector’s resilience to climate-related challenges. CEO Edmond Kombat expressed excitement for the company’s future, noting that the investment from these strategic partners validates Oyster’s impactful work and ambitious growth plans. He emphasised the company’s commitment to building a sustainable and inclusive agricultural ecosystem that empowers Ghana’s smallholder farmers.
Pangea Africa Limited, which led the fundraising process, played a crucial role in securing partners who share Oyster’s values of environmental sustainability and farmer empowerment. Their efforts ensured that Oyster attracted investors capable of providing both financial support and valuable expertise. This strategic backing will help Oyster Agribusiness accelerate its growth and extend its impact on Ghana’s agricultural landscape.
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Pangea Africa’s Partner, Nii Lokko, praised Oyster’s achievements, citing the company as a “prime example of a growing African agribusiness generating triple bottom-line impact.” Lokko highlighted CEO Edmond Kombat’s leadership, commending Oyster for achieving profitability while delivering measurable social and environmental benefits that serve as an inspiring model for agribusinesses across West Africa.
With this new wave of support, Oyster Agribusiness is poised to deepen its influence on the Ghanaian agricultural sector, empowering thousands of farmers to adopt sustainable practices that improve their livelihoods and strengthen the country’s resilience against climate challenges.
