Degas Restricted has introduced a $100 million funding over the subsequent 4 years to assist set up Ghana as Africa’s first AI-powered agricultural hub.
This expands a mannequin that has already financed greater than 86,000 smallholder farmers throughout 122,000 acres nationwide.
“Ghana has proven that when know-how meets a transparent nationwide imaginative and prescient, smallholder farmers can thrive,” mentioned Doga Makiura, CEO and founding father of Degas Restricted, at a gathering with President John Dramani Mahama on the sidelines of the Ghana Presidential Funding Discussion board.
“Our $100 million dedication will scale AI-driven satellite tv for pc monitoring and precision agriculture strategies so farmers can increase yields, cut back threat, and entry pretty priced finance.”
“We’ve already seen incomes double with a 95% reimbursement price from the farmers”, he acknowledged within the assembly with President Mahama.
Degas’ platform combines AI-driven satellite tv for pc monitoring and agriculture strategies. The outcomes, in response to Makiura, are drawing sturdy curiosity from Japanese buyers.
“Many Japanese companions now take into account Ghana’s built-in method the gold commonplace for agricultural funding in Africa,” he mentioned.
“President Mahama’s deal with value-chain integration aligns carefully with Japan’s seek for credible, scalable partnerships.”
President Mahama welcomed the announcement, calling it a vote of confidence in Ghana’s agricultural transformation agenda.
“This funding reinforces our dedication to built-in agricultural worth chains that join farmers to markets, finance, storage, and processing,” he mentioned.
“By leveraging AI and precision applied sciences, we’ll enhance productiveness, improve meals safety, and create dignified jobs for youth throughout rural communities.”
The brand new funding will help the growth of Degas’ farmer financing, satellite-enabled crop monitoring, and precision agronomy providers, whereas deepening partnerships throughout enter provide, logistics, and offtake to strengthen native worth chains.
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