• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 3, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Oyster Agribusiness Bags US$310,000 Funding for Agricultural Transformation

August 14, 2023
Stephen M.CbyStephen M.C
in Agribusiness
0
Oyster Agribusiness Bags US$310,000 Funding for Agricultural Transformation

Edmond Kombat, Founder/CEO of Oyster Agribusiness

Oyster Agribusiness, an innovative agricultural technology (AgriTech) enterprise collaborating closely with smallholder farmers, has announced the successful acquisition of substantial funds to advance its mission of sustainable agriculture, gender inclusivity, and talent management.

The company garnered a total of US$310,000 in grants and a line of credit for funding, marking a significant milestone in its journey toward effecting positive change in the agricultural sector. Root Capital, nonprofit lender committed to promoting resilience and prosperity in rural communities, extended Oyster Agribusiness a substantial line of credit totaling US$300,000.

This financial infusion will play a pivotal role in expanding the operations and extending assistance to more smallholder farmers in need. With the capital injection, Oyster aspires to empower greater number of farmers, augmenting the current 3,000 smallholder farmers they collaborate with.

RelatedPosts

PGRRI Working to Address Storage Limitations of Indigenous Leafy Vegetables

Concerned Farmers Association Demands Compensation from Newmont

Cowpea Farmers Express Readiness to Adopt BT Cowpea Seed

Through provisions like sustainable fertilizers, compost, improved seeds, and expert agronomical practices, the goal is to elevate the productivity and enhance livelihoods of the farmers

Edmond Kombat, Founder/CEO of Oyster Agribusiness said “We express our deep gratitude to Root Capital, our collaborative partners, and the grant providers for acknowledging the worth of our endeavors and the potential of smallholder farmers”.

“This funding will enable us to broaden our outreach, strengthen our gender inclusivity initiatives, and invest in our exceptional team, propelling us closer to our vision of a flourishing, sustainable agricultural sector,” he added.

Mr. Kombat explained that Oyster Agribusiness leverages technologies such as temperature and moisture sensors, aerial images, GPS technology, automation, information monitoring, and data gathering and analysis. This comprehensive technological integration not only enhances efficiency in our smallholder farms but also augments yields, trims costs, and reinforces sustainability, making our approach environmentally conscious.

Climate-Smart Agricultural Practices

These climate-smart agricultural practices contribute to improved forecasting and decision-making processes, ensuring efficient delivery of farm inputs to farmers and the transportation of farm produce from farmers to off-takers.

Additionally, the CEO noted Oyster Agribusiness has been awarded two generous grants to underpin crucial elements of social impact initiatives which include a Gender Inclusion Grant and a Talent Management Grant. The former will be allocated to promote gender equality and empower women within the agricultural landscape.

Meanwhile, Oyster Agribusiness firmly believes that nurturing gender inclusivity is pivotal for the sustainable growth of farming communities. “Through this grant, we will introduce targeted programmes aimed at granting women farmers’ access to resources, training, and decision-making roles, thereby reinforcing their contributions to the sector,” Mr. Kombat noted.

Human capital forms the bedrock of Oyster Agribusiness’s accomplishments, and this grant is dedicated to nurturing talented pool of professionals. By investing in talent development, Oyster aspired to foster a culture of innovation, excellence, and empathy, equipping to better cater to the needs of farmers and drive enduring positive change, he said of the latter.

Oyster Agribusiness is firmly convinced that sustainable agriculture and ethical business practices have the potential to catalyze social and economic transformation. With the unwavering support of its partners, stakeholders, and the commitment of our dynamic team, we are confident that these freshly acquired funds will accelerate our endeavors to forge a more equitable, resilient, and prosperous agricultural ecosystem.

READ ALSO: Zenith Bank Ghana Celebrates Excellent First Half of the Year Performance  

Tags: AgritechClimate-Smart Agricultural PracticesOyster AgribusinessRoot Capitalsustainable agricultural sector

Related Posts

PGRRI Working to Address Storage Limitations of Indigenous Leafy Vegetables
Agribusiness

PGRRI Working to Address Storage Limitations of Indigenous Leafy Vegetables

October 2, 2023
Concerned Farmers Association Demand compensation from Newmont
Agribusiness

Concerned Farmers Association Demands Compensation from Newmont

September 29, 2023
Cowpea Farmers Express Readiness to Adopt BT Cowpea Seed
Agribusiness

Cowpea Farmers Express Readiness to Adopt BT Cowpea Seed

September 25, 2023
Gov’t Partners FAO TO Launch €10million Project to Address Food Security in Northern Ghana
Agribusiness

Gov’t Partners FAO TO Launch €10million Project to Address Food Security in Northern Ghana

September 22, 2023
Agric Minister Hints of MoFA’s Own Commodity Price Index
Agribusiness

Agric Minister Hints of Setting Up MoFA’s Own Commodity Price Index

September 13, 2023
The Ghana Cocoa Board (COCOBOD) has expressed the need for Ghanaians to support the fight against ‘galamsey’ in cocoa growing areas.
Agribusiness

Concerned Farmers Association Demands Apology From COCOBOD

September 12, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

COPEC Advocates Reduction Of Fuel Taxes Amid Projected 5.7% Increment Effective August 16

Next Post

To Describe JB Danquah As Founder Of UG Is Totally Fallacious- Prof Gyampo

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
AfDB Names Malinne Blomberg as Country Manager for Tunisia
Africa

AfDB Names Malinne Blomberg as Country Manager for Tunisia

by Stephen M.COctober 3, 2023
Mohbad’s Father Gives Stance Amid Grandson’s DNA Test 
Entertainment

Mohbad’s Father Gives Stance Amid Grandson’s DNA Test 

by Esther Korantemaa OffeiOctober 3, 2023
Hunter Biden Pleads Not Guilty To Federal Gun Charges
USA

Hunter Biden Pleads Not Guilty To Federal Gun Charges

by Comfort AmpomaaOctober 3, 2023
WANEP calls on ECOWAS Chair to issue a statement that shows Nigerians “are not alone”
General News

President Akufo-Addo Eulogizes ET Mensah

by Angeller AshongOctober 3, 2023
Minority Fumes At BOG Governor For Refusing To Receive Its Petition In Person
General News

Minority Fumes At BOG Governor For Refusing To Receive Its Petition In Person

by Evans Junior OwuOctober 3, 2023
Seasoned IT Experts To Discuss Cybersecurity For SMEs As MTN Celebrates A Month- Long Awareness Campaign
Vaultz Business

Seasoned IT Experts To Discuss Cybersecurity For SMEs As MTN  Celebrates A Month- Long Awareness Campaign

by Stephen M.COctober 3, 2023
AfDB Names Malinne Blomberg as Country Manager for Tunisia
Mohbad’s Father Gives Stance Amid Grandson’s DNA Test 
Hunter Biden Pleads Not Guilty To Federal Gun Charges
WANEP calls on ECOWAS Chair to issue a statement that shows Nigerians “are not alone”
Minority Fumes At BOG Governor For Refusing To Receive Its Petition In Person
Seasoned IT Experts To Discuss Cybersecurity For SMEs As MTN Celebrates A Month- Long Awareness Campaign
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In