We’re thrilled to announce the $1.5 million aggregate equity and debt investment from Acumen and Lundin Foundation. They join our group of investors made up of IFC, Soros Economic Development Fund, and individual Jim Forster.
Of the investment, Godfrey Mwindaare, West Africa Director at Acumen, said “There are a tremendous amount of resources already focused on small-holder farmers. We see in Esoko the potential to empower and transform the lives of rural farmers by providing one point of access to critical information and services, thereby closing the information asymmetry gap between commercial, well-endowed farmers and the rural, one-acre farmer.”
Anna Samaké, Portfolio Manager for West and Central Africa for the Lundin Foundation, added, “One of the Lundin Foundation’s primary objectives in West Africa is to build and support the agri-business sector with an ecosystem of services that will allow sustainable and profitable SMEs to emerge and grow. Many of those services will be available through the Esoko platform.”
We’re not alone in believing that the promotion of commercial linkages and introduction of market transparency can transform African agriculture. You can learn more here: http://bit.ly/1jiPQQZ