Sahel Capital, fund manager for the KFW-backed Social Enterprise Fund for Agriculture in Africa, has provided a $610,000 debt facility to Oyster Agribusiness. This working capital loan will enable the company to support more smallholder farmers, enhance productivity, and scale its climate-smart agricultural practices.
With this latest round, Oyster’s total funding now stands at $2.92 million, following $2 million in debt financing from Root Capital, RDF Ghana, and Sahel, a $300,000 initial loan from Root Capital in 2023, and $10,000 in grants.
Founded in 2018 and led by Edmund Kombat, Oyster Agribusiness operates as a vertically integrated company leveraging climate-smart agriculture to produce, process, distribute, and retail agricultural products. Over five years, the company has paid GH¢60 million (approximately $3.8 million) to 4,500 smallholder farmers, cultivated over 20,000 acres, and supplied 25,000 tons of agricultural produce to local and international markets.
