West Africa dominates the agri-tech startup space - home to two of the three largest startup ecosystems active in this sector, a new report has stated. According to the ‘Agrinnovating for Africa: Exploring the African Agri-Tech Startup Ecosystem Report 2018’, the region accounts for 44 per cent of Africa’s agri-tech startups, spread across six countries. Unsurprisingly, Nigeria is the key contender in the West African region, and is tied-first place across the whole African continent (with Kenya).
It houses 19 agri-tech startups - 23.2 per cent of the continent’s total number of ventures active in this space. Ghana ranks as the second biggest agri-tech ecosystem in the region, and third place in Africa. It has 12 agri-tech ventures, making up 14.7 per cent of the continent’s total.
Active startups were also recorded in The Gambia, which is beginning to emerge as a solid agri-tech market in the region; ahead of the surprisingly limited agri-tech startup activity traced in the Ivory Coast, Senegal, and Cameroon. However, this strong West African presence in the agri-tech space is a rather new phenomenon. Only three of Nigeria’s 19 startups were founded pre-2016, evidencing a sudden boom in interest in the agritech space.
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