IFC Backs 15 African Agritech Firms and Links Them to 200 Banks as Sector Matures

The International Finance Corporation has backed 15 African agritech companies and connected them to a network of 200 banks, in what it describes as a signal that the continent's agricultural technology sector has reached institutional investment maturity after two decades of development. The move marks a step-change in the scale of formal capital being directed at African agritech.