Given that Africa is home to about 18% of the world's population, and the food and agriculture industries represent a significant component of most African economies, there is clearly a funding gap on the continent.
In 2021, there were 150 investment deals involving startups from Nigeria (38 deals), Egypt (36) and Kenya (32). Together, startups from these three countries secured 87.6% of the total investment in African Agrifood technology in 2021.