PwC has a new report on food security and agriculture, and in that report it mentioned our agtech business – Zenvus –as one of the major agricultural innovations in Africa. Zenvus is a precision agriculture business. You need to read this report as it provides a snapshot of the state of the sector.
Agricultural Innovations in Africa
Over $19 million has been invested in agriculture technology since 2016 till date. There are 82 agri-tech startups operating across Africa as at January 2018, 52% of which were established between 2016 and 2018. E-commerce agri-focused platforms accounted for 32.9% of startups. Kenya and Nigeria both lead the agri-tech markets, followed by Ghana. The three markets collectively account for over 60% of active startups in the sector.
Zenvus is one of the smart farming technologies in Nigeria. The technology uses proprietary smart devices which have electronic sensors to collect soil data (such as moisture, nutrients, pH), sends the data to a cloud server via GSM, satellite or Wifi.