FarmerTribe, the agritech focused on strengthening local rice supply chains, has secured structured financing from Green Earth Group N.V. in partnership with Pangea Global Ventures to build a modern rice milling facility in Walewale. This transaction marks Green Earth’s first investment in Ghana’s agricultural sector and supports high-value processing in local food systems.
The investment addresses critical bottlenecks in Ghana’s rice supply chain, enabling FarmerTribe to evolve from a raw-material aggregator into a full-fledged processor. The financing includes a dedicated loan facility for the completion of the milling plant, ensuring that rice processing and the resulting value and profits remain within the local community rather than flowing to external industrial processors.
A working capital component of the facility allows FarmerTribe to pay its network of 5,000 smallholder farmers immediately upon harvest. By reducing reliance on intermediaries and protecting farmers from predatory pricing, the structure strengthens supply chain loyalty and provides stable, fair incomes for local producers.
The transaction is secured through a Fixed and Floating Debenture and a Legal Mortgage over the Walewale site, with risk mitigated through rigorous local monitoring and securitisation. Pangea will provide on-the-ground administration and oversight, ensuring robust governance and operational control.
Selwyn Duijvestijn, CEO of Green Earth, commented: “This transaction is the first manifestation of our standalone end-to-end developer model. By integrating finance directly into the development cycle, we are no longer just developers—we are engineers of the entire impact value chain. This financing facility proves that our asset management division can move capital efficiently to where it generates the highest resilience for smallholder farmers and the most secure returns for our stakeholders.”
John Scicchitano, CEO of Pangea, added: “We are pleased to partner with Green Earth on this inaugural facility. This deal demonstrates how professionalised capital, when paired with diligent local administration, can unlock the potential of high-growth enterprises like FarmerTribe. It establishes a powerful precedent for how we will continue to bridge the gap between international investors and the African agricultural value chain.”
