Market Analysis

Scaling Up Farmer Financing through Agtechs in Sub-Saharan Africa

February 27, 2024

The burgeoning AgTech scene in sub-Saharan Africa demonstrates significant potential to capitalize on digitization and innovation to facilitate the provision of financial services for historically un- or under-banked consumer segments. This is especially important for the agriculture sector which is plagued by considerable financing gaps - the gap for agricultural small- and medium-sized enterprises (agri-SMEs) and smallholder farmers on the continent is estimated at $117 billion. In this context, this report explores how AgTechs can be a conduit for increased financing throughout seven markets in sub-Saharan Africa: Côte d’Ivoire, Ghana, Kenya, Nigeria, Senegal, Tanzania, and Uganda. 

Scaling Up Farmer Financing Through Agtechs In Sub Saharan Africa IFC 2024