Oyster Agribusiness Raises $2 Million to Drive Climate-Smart Farming and Uplift Smallholder Farmers in Ghana

Oyster Agribusiness, a fast-growing agri-tech company, has just secured $2 million in funding. This investment, led by Pangea Africa Limited with support from Root Capital, RDF Ghana, and Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA FUND), is set to propel Oyster’s climate-smart initiatives and expand its impact among smallholder farmers across the country.

For Oyster Agribusiness, this funding marks the next big step in a mission that started just five years ago, and the company has already made remarkable strides. So far, they’ve poured GH¢60 million (or about $3.8 million) into the pockets of smallholder farmers, impacted over 4,500 lives, and cultivated more than 20,000 acres of farmland. Their produce—more than 25,000 tons—has made its way into both local and international markets, making Oyster a significant player in Ghana’s agricultural sector.

Oyster’s story isn’t just about farming; it’s about rewriting the future of agriculture in Ghana. Led by visionary CEO Edmond Kombat, the company has embraced climate-smart practices that are not only sustainable but also impactful on a grassroots level. The funding secured will be used to scale up these efforts, pushing for more sustainable growth and resilience in the face of climate change.

“We are thrilled to have the support of Root Capital, RDF Ghana, Sahel Capital, and Pangea Africa Limited,” Kombat said. “Their expertise and backing will help us accelerate our vision to build a more sustainable, inclusive, and resilient agricultural ecosystem in Ghana. This investment is a testament to the impact we’ve made with smallholder farmers and the tremendous potential we see in scaling our operations.”

While Oyster may be leading the charge, it’s the strategic backing from Pangea Africa and other partners that’s fueling its momentum. Pangea Africa Limited, known for its role in supporting social enterprises across Africa, structured and guided the fundraising process. Their involvement ensures that Oyster’s mission is met with the right expertise and commitment.

“Oyster is a prime example of a growing African agribusiness generating triple bottom-line impact,” said Nii Lokko, a partner at Pangea Africa. “Under the dynamic leadership of Mr. Edmond Kombat, Oyster is achieving impressive profits while delivering measurable social and environmental benefits, particularly for Ghanaian farmers. They are a shining example of leadership for agribusinesses across West Africa.”

With its freshly acquired capital, Oyster Agribusiness has set its sights on further expanding its reach to smallholder farmers in Ghana. The funding will allow the company to ramp up its climate-smart practices—those geared toward a sustainable and environmentally friendly approach to farming. In practical terms, this means more resources to improve crop yields, more land cultivated, and more farmers able to benefit from the guidance and market access that Oyster provides.

But beyond the numbers, Oyster’s work is helping to create a sense of security for farmers who often bear the brunt of climate variability. Through climate-smart practices, the company is paving the way for an agricultural sector that can adapt to and mitigate the risks posed by changing weather patterns, safeguarding the livelihoods of smallholder farmers across Ghana.