Overview: Today, we discuss the opportunity for Agriculture technology to make a difference in Africa. We'll start with some context of African Agriculture, discuss AgriTech in developed and emerging markets, analyze Agritech players across Africa & end with our overall outlook. This episode was recorded on Apr 4, 2021.
Companies discussed: Twiga Foods, Pula, SunCulture, Releaf, FarmCrowdy, DeHaat, Arya, WeFarm, Aerobiotics, Gro Intelligence, SwiftVee, Agroop, Pure Harvest, Naspers & Agrocenta
Business concepts discussed: Agriculture technology (AgTech, AgriTech or AgroTech), Agribusiness marketplaces, farming financing, Farmer market access opportunities & Agriculture insurance strategy
Conversation highlights:
- (00:30) - Why we’re talking about Agriculture & AgriTech
- (05:20) - AgriTech in developed markets
- (08:50) - AgriTech in emerging markets countries
- (11:30) - AgriTech startups in India - DeHaat, Arya
- (15:30) - AgriTech in China
- (16:50) - African Agriculture - background, challenges
- (26:50) - AgriTech in Africa
- (28:06) - AgriTech startups in East Africa
- (40:40) - AgriTech startups in Southern Africa
- (45:55) - AgriTech startups in Northern Africa
- (48:44) - AgriTech startups in West Africa
- (58:20) - Bankole’s overall thoughts and outlook
- (1:07:55) - Olumide’s overall thoughts and outlook
- (1:14:35) - Recommendations and small wins
Olumide’s recommendations, small wins & open questions:
- Recommendations: Skip the Line (James Altucher) & Green Book (2018)
- Small win: Day off work to re-energize
- Other content: Employment in agriculture (% of total employment) (World Bank) & US Agricultural workers data in 1900 (11M out of 76M population)
Bankole’s recommendations, small wins & open questions:
- Recommendation: Readwise.io
- Small win: Set up wiretamers for my WFH space. The Art of the Desk Setup
- Other content: Planet Money Episode 454: The Lollipop War & Blues Wireless
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