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Nile co-founder Louis de Kock said the start-up is delighted to have Naspers Foundry support its mission to make fresh produce more accessible to people across the African continent. Photo: Supplied/Ventureburn

Naspers Foundry pumps R40 million into fresh produce start-up

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The Ministry of Agriculture distributed a ton of Bt cotton seeds for a pilot trial, across 10 000 hectares of farmland. Thereafter the use of the genetically modified crop became more common, as it produces a higher yield and is fairly pest resistant. Photo: Pixabay

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The UN’s concept of water security encompasses various needs and conditions. These include: water for drinking, economic activity, ecosystems, governance, financing, and political stability. Water security, therefore, is not just about how much natural water a country has but also how well the resource is managed. Photo: Supplied/Pixabay

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African avocados are growing in European export volume, and is one of the fastest-growing markets beside Latin America. Photo: Supplied/Pixabay

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The course is a 6-week intense program given in three 2-week sessions at IITA in Nairobi, Kenya, hosted by B4A/ILRI hub and World Agroforestry, over the course of a year, with a maximum of 20 participants per course offering. Photo: Supplied/Pixabay

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21 Jun 2022
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    The UN’s concept of water security encompasses various needs and conditions. These include: water for drinking, economic activity, ecosystems, governance, financing, and political stability. Water security, therefore, is not just about how much natural water a country has but also how well the resource is managed. Photo: Supplied/Pixabay

    Africa’s water security progress a drop in the ocean

    Nestlé East and Southern Africa (ESAR) has created the Nestlé Needs Youth (NNY) Agri Competition where participants stand the chance of winning mentorship opportunities and a cash prize of US$30 000. Photo: Pixabay

    Young agripreneurs have a chance to win big with Nestlé

    Catherine Kamanu believes that "farming smart" is the way to go, and prioritises working with nature instead of against it. Photo: Supplied/Catherine Kamanu

    Kenyan farmer proudly soldiers on, gumboots and all

    Many are moving away from West Africa because they relied on the small-scale fishing industry to survive. Photo: Supplied/Pixabay

    Three factors driving West Africa’s migration crisis

    The full 100% of the Gorongosa-grown coffee's profits are ploughed back into the National Park and those who live in the surrounds. Photo: Gorgonosa Project/Supplied

    How coffee is bringing life back to Mozambican forests

    Nile co-founder Louis de Kock said the start-up is delighted to have Naspers Foundry support its mission to make fresh produce more accessible to people across the African continent. Photo: Supplied/Ventureburn

    Naspers Foundry pumps R40 million into fresh produce start-up

    Previous studies have shown that rodents and shrews are two large mammalian orders with widespread distribution and are reservoirs of many viruses. Photo: Pixabay/Supplied

    Scientists find new DNA viruses in rodents in Kenyan agri hubs

    Annita Mutoni is a young poultry farmer in Rwanda, and is finding her stride within the industry. Photo: Supplied/FoodForAfrika.com

    Rwandan poultry farmer sets her sights far beyond chicken coops

    AB InBev Africa has implemented five different agriculture projects in the countries where it makes beer. This includes project Imifino in South Africa where water, heat, and anaerobic sludge waste streams produced by the brewery is converted into agricultural inputs which sustain wetlands and spinach beds. Photo: Supplied/FoodForAfrika.com

    Five farming projects that enhance food security across Africa

  • Changemakers
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    The Ministry of Agriculture distributed a ton of Bt cotton seeds for a pilot trial, across 10 000 hectares of farmland. Thereafter the use of the genetically modified crop became more common, as it produces a higher yield and is fairly pest resistant. Photo: Pixabay

    Kenya pins hopes on Bt seeds to grow cotton production

    Technology uptake remains low in upper parts of Africa

    Technology uptake remains low in upper parts of Africa

    Let’s keep our food local, says farmer and agri trainer

    Within the next ten years, AFEX intends to grow beyond Kenya to Benin, Togo, Ghana, Côte d'Ivoire, Tanzania, Ethiopia, Uganda, and Zambia. Photo: Supplied/Pixabay

    Kenyan farmers take quantum leap with help from AFEX

    FAO counts on 55 implementing partners for community distributions across the country. Photo: ©FAO/Mayak Akuot

    FAO in a race against time to plant in South Sudan

    The course is a 6-week intense program given in three 2-week sessions at IITA in Nairobi, Kenya, hosted by B4A/ILRI hub and World Agroforestry, over the course of a year, with a maximum of 20 participants per course offering. Photo: Supplied/Pixabay

    Crop scientists invited to have a crack at gene editing

    Uganda has a high literacy rate of 76.53% and is one of the world's youngest populations, which bodes well for the AYuTe Africa Challenge's success. Photo: Supplied/Pixabay

    Young Ugandans vie for agritech challenge honours

    World Bank has launched an insurance for Kenyan farmers that starts coverage at KES 50 per month. Photo: Supplied/World Bank

    Kenyan farmers embrace new weather insurance product

    Mantombi Madona proudly follows in the footsteps of her father. Photo: Supplied/Food For Mzansi

    It’s all in your hands, says dynamo farmer and agri trainer

  • Food Security
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    The Ministry of Agriculture distributed a ton of Bt cotton seeds for a pilot trial, across 10 000 hectares of farmland. Thereafter the use of the genetically modified crop became more common, as it produces a higher yield and is fairly pest resistant. Photo: Pixabay

    Kenya pins hopes on Bt seeds to grow cotton production

    Within the next ten years, AFEX intends to grow beyond Kenya to Benin, Togo, Ghana, Côte d'Ivoire, Tanzania, Ethiopia, Uganda, and Zambia. Photo: Supplied/Pixabay

    Kenyan farmers take quantum leap with help from AFEX

    African avocados are growing in European export volume, and is one of the fastest-growing markets beside Latin America. Photo: Supplied/Pixabay

    East African avocado exports growing despite challenges

    The course is a 6-week intense program given in three 2-week sessions at IITA in Nairobi, Kenya, hosted by B4A/ILRI hub and World Agroforestry, over the course of a year, with a maximum of 20 participants per course offering. Photo: Supplied/Pixabay

    Crop scientists invited to have a crack at gene editing

    Governments across East Africa are fighting against the impact of mold in food products. Photo: Supplied/Pixabay

    Uganda fights to eliminate harmful aflatoxins in food

    East Africa's 2022 cereal harvest is in danger as the price of fertiliser has double since the start of the Russia-Ukraine conflict. Photo: Supplied/Pixabay

    East Africa’s cereal harvest at risk as fertiliser prices soar

    Ghana's government is working together with AGRA on its SeedSAT initiative to improve the regulation of the country's informal seed sector. Photo: Supplied/Pixabay

    AGRA launches project to boost Ghana’s seed quality

    Rain, and lots of it, is needed in Somalia to relieve the famine. Photo: Supplied/FoodforAfrika.com

    Drought-stricken Somalia on the brink of catastrophe

    Zimbabwean government is using a new financial incentive to lock more grain producers and entice them to sell to the country's sole grain purchasing board. Photo: Pixabay/Supplied

    Zimbabwean government introduces maize incentive to entice farmers

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    A picture featuring George Chiwedzerero, who left Zimbabwe for South Africa and was not heard from for two decades.

    Missing migrants project helps families find peace

    The general impression of Zanzibar when approached from the mainland is of a long, low island with small ridges along its central north–south axis. Coconut palms and other vegetation cover the land surface. Photo: Supplied/FoodForAfrika.com

    Here’s how farming transformed Zanzibar’s coastline

    Saponins also work against bacteria and fungi. Some bacteria have an external membrane that protects their genetic material. Photo: Supplied/FoodForAfrika.com

    Southern Africa’s soapy plants can improve hand hygiene

    There are a number of flowering plants that we do not often recognise the holistic health benefits of, such as okra, kalanchoe and periwinkle flowers. Photo: Supplied/FoodForAfrika.com

    Healing with the help of Africa’s indigenous plants

    Cassava is one of the continent's food staples. Here is a history on the root veg and its humble beginnings. Photo: Supplied/FoodForAfrika.com

    Cassava, a staple crop that sustains a continent

    Herbal remedies are commonplace in Uganda; testing these scientifically is a good way to ensure they’re safe and effective. Photo: Supplied/FoodForAfrika.com

    Herbal skin treatments in Uganda get a scientific boost

    Researchers believe that Rwanda's soft drink tax can be better used to boost public health by targeting sugar content. Photo: Supplied/FoodForAfrika.com

    Sugar tax might curb rise in obesity, diabetes in Rwanda

    Lebanese farmers have shirked using chemicals during the goring process and are realising their produce is healthy regardless. Photo: Supplied/FoodForAfrika.com

    Lebanese potato farmers find that less is more

    In January 2015, a three-day rain displaced nearly quarter of a million people, devastated 64,000 hectares of land, and killed several hundred people in Malawi. Photo: Ashley Cooper/Getty Images

    What African countries got out of COP26

  • Home
  • Agri News
    • All
    • Agri Politics
    • Business
    • Thought Leader
    • Trade
    The UN’s concept of water security encompasses various needs and conditions. These include: water for drinking, economic activity, ecosystems, governance, financing, and political stability. Water security, therefore, is not just about how much natural water a country has but also how well the resource is managed. Photo: Supplied/Pixabay

    Africa’s water security progress a drop in the ocean

    Nestlé East and Southern Africa (ESAR) has created the Nestlé Needs Youth (NNY) Agri Competition where participants stand the chance of winning mentorship opportunities and a cash prize of US$30 000. Photo: Pixabay

    Young agripreneurs have a chance to win big with Nestlé

    Catherine Kamanu believes that "farming smart" is the way to go, and prioritises working with nature instead of against it. Photo: Supplied/Catherine Kamanu

    Kenyan farmer proudly soldiers on, gumboots and all

    Many are moving away from West Africa because they relied on the small-scale fishing industry to survive. Photo: Supplied/Pixabay

    Three factors driving West Africa’s migration crisis

    The full 100% of the Gorongosa-grown coffee's profits are ploughed back into the National Park and those who live in the surrounds. Photo: Gorgonosa Project/Supplied

    How coffee is bringing life back to Mozambican forests

    Nile co-founder Louis de Kock said the start-up is delighted to have Naspers Foundry support its mission to make fresh produce more accessible to people across the African continent. Photo: Supplied/Ventureburn

    Naspers Foundry pumps R40 million into fresh produce start-up

    Previous studies have shown that rodents and shrews are two large mammalian orders with widespread distribution and are reservoirs of many viruses. Photo: Pixabay/Supplied

    Scientists find new DNA viruses in rodents in Kenyan agri hubs

    Annita Mutoni is a young poultry farmer in Rwanda, and is finding her stride within the industry. Photo: Supplied/FoodForAfrika.com

    Rwandan poultry farmer sets her sights far beyond chicken coops

    AB InBev Africa has implemented five different agriculture projects in the countries where it makes beer. This includes project Imifino in South Africa where water, heat, and anaerobic sludge waste streams produced by the brewery is converted into agricultural inputs which sustain wetlands and spinach beds. Photo: Supplied/FoodForAfrika.com

    Five farming projects that enhance food security across Africa

  • Changemakers
    • All
    • Agribusiness
    • Agripreneurs
    • Farmers
    • Innovation
    The Ministry of Agriculture distributed a ton of Bt cotton seeds for a pilot trial, across 10 000 hectares of farmland. Thereafter the use of the genetically modified crop became more common, as it produces a higher yield and is fairly pest resistant. Photo: Pixabay

    Kenya pins hopes on Bt seeds to grow cotton production

    Technology uptake remains low in upper parts of Africa

    Technology uptake remains low in upper parts of Africa

    Let’s keep our food local, says farmer and agri trainer

    Within the next ten years, AFEX intends to grow beyond Kenya to Benin, Togo, Ghana, Côte d'Ivoire, Tanzania, Ethiopia, Uganda, and Zambia. Photo: Supplied/Pixabay

    Kenyan farmers take quantum leap with help from AFEX

    FAO counts on 55 implementing partners for community distributions across the country. Photo: ©FAO/Mayak Akuot

    FAO in a race against time to plant in South Sudan

    The course is a 6-week intense program given in three 2-week sessions at IITA in Nairobi, Kenya, hosted by B4A/ILRI hub and World Agroforestry, over the course of a year, with a maximum of 20 participants per course offering. Photo: Supplied/Pixabay

    Crop scientists invited to have a crack at gene editing

    Uganda has a high literacy rate of 76.53% and is one of the world's youngest populations, which bodes well for the AYuTe Africa Challenge's success. Photo: Supplied/Pixabay

    Young Ugandans vie for agritech challenge honours

    World Bank has launched an insurance for Kenyan farmers that starts coverage at KES 50 per month. Photo: Supplied/World Bank

    Kenyan farmers embrace new weather insurance product

    Mantombi Madona proudly follows in the footsteps of her father. Photo: Supplied/Food For Mzansi

    It’s all in your hands, says dynamo farmer and agri trainer

  • Food Security
    • All
    • Crops
    • Food Trends
    • Logistics
    • Markets
    The Ministry of Agriculture distributed a ton of Bt cotton seeds for a pilot trial, across 10 000 hectares of farmland. Thereafter the use of the genetically modified crop became more common, as it produces a higher yield and is fairly pest resistant. Photo: Pixabay

    Kenya pins hopes on Bt seeds to grow cotton production

    Within the next ten years, AFEX intends to grow beyond Kenya to Benin, Togo, Ghana, Côte d'Ivoire, Tanzania, Ethiopia, Uganda, and Zambia. Photo: Supplied/Pixabay

    Kenyan farmers take quantum leap with help from AFEX

    African avocados are growing in European export volume, and is one of the fastest-growing markets beside Latin America. Photo: Supplied/Pixabay

    East African avocado exports growing despite challenges

    The course is a 6-week intense program given in three 2-week sessions at IITA in Nairobi, Kenya, hosted by B4A/ILRI hub and World Agroforestry, over the course of a year, with a maximum of 20 participants per course offering. Photo: Supplied/Pixabay

    Crop scientists invited to have a crack at gene editing

    Governments across East Africa are fighting against the impact of mold in food products. Photo: Supplied/Pixabay

    Uganda fights to eliminate harmful aflatoxins in food

    East Africa's 2022 cereal harvest is in danger as the price of fertiliser has double since the start of the Russia-Ukraine conflict. Photo: Supplied/Pixabay

    East Africa’s cereal harvest at risk as fertiliser prices soar

    Ghana's government is working together with AGRA on its SeedSAT initiative to improve the regulation of the country's informal seed sector. Photo: Supplied/Pixabay

    AGRA launches project to boost Ghana’s seed quality

    Rain, and lots of it, is needed in Somalia to relieve the famine. Photo: Supplied/FoodforAfrika.com

    Drought-stricken Somalia on the brink of catastrophe

    Zimbabwean government is using a new financial incentive to lock more grain producers and entice them to sell to the country's sole grain purchasing board. Photo: Pixabay/Supplied

    Zimbabwean government introduces maize incentive to entice farmers

  • Lifestyle
    • All
    • Food Health
    • Trends
    A picture featuring George Chiwedzerero, who left Zimbabwe for South Africa and was not heard from for two decades.

    Missing migrants project helps families find peace

    The general impression of Zanzibar when approached from the mainland is of a long, low island with small ridges along its central north–south axis. Coconut palms and other vegetation cover the land surface. Photo: Supplied/FoodForAfrika.com

    Here’s how farming transformed Zanzibar’s coastline

    Saponins also work against bacteria and fungi. Some bacteria have an external membrane that protects their genetic material. Photo: Supplied/FoodForAfrika.com

    Southern Africa’s soapy plants can improve hand hygiene

    There are a number of flowering plants that we do not often recognise the holistic health benefits of, such as okra, kalanchoe and periwinkle flowers. Photo: Supplied/FoodForAfrika.com

    Healing with the help of Africa’s indigenous plants

    Cassava is one of the continent's food staples. Here is a history on the root veg and its humble beginnings. Photo: Supplied/FoodForAfrika.com

    Cassava, a staple crop that sustains a continent

    Herbal remedies are commonplace in Uganda; testing these scientifically is a good way to ensure they’re safe and effective. Photo: Supplied/FoodForAfrika.com

    Herbal skin treatments in Uganda get a scientific boost

    Researchers believe that Rwanda's soft drink tax can be better used to boost public health by targeting sugar content. Photo: Supplied/FoodForAfrika.com

    Sugar tax might curb rise in obesity, diabetes in Rwanda

    Lebanese farmers have shirked using chemicals during the goring process and are realising their produce is healthy regardless. Photo: Supplied/FoodForAfrika.com

    Lebanese potato farmers find that less is more

    In January 2015, a three-day rain displaced nearly quarter of a million people, devastated 64,000 hectares of land, and killed several hundred people in Malawi. Photo: Ashley Cooper/Getty Images

    What African countries got out of COP26

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Naspers Foundry pumps R40 million into fresh produce start-up

by Staff Reporter
14 Jun 2022
in Agripreneurs, Business, Innovation
Reading Time: 2 mins read
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Nile co-founder Louis de Kock said the start-up is delighted to have Naspers Foundry support its mission to make fresh produce more accessible to people across the African continent. Photo: Supplied/Ventureburn

Nile co-founder Louis de Kock said the start-up is delighted to have Naspers Foundry support its mission to make fresh produce more accessible to people across the African continent. Photo: Supplied/Ventureburn

Naspers announced a $2.5 million investment in Nile, an agritech firm that connects farmers with consumers of fresh fruit, through its early-stage tech investment vehicle, Naspers Foundry. The group led a $5 million equity round, which included new investors: Platform Investment Partners, Raba Capital, and Base Capital.

Naspers Foundry’s eleventh investment since its inception in 2019 is part of Naspers’ R1.4 billion commitment to the growth of South Africa’s tech sector.

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Nile was formed in 2020 to provide farmers with digital solutions to address several pain points associated with food trading. They include price transparency, quality verification, payment speed, produce traceability, and food waste.

Farmers connected throughout Africa

Farmers and commercial retailers of fresh produce in South Africa and across the continent are connected through the start-end-to-end up’s procedure. The B2B platform streamlines processes and protects payments for farmers, resulting in greater transparency and improved cash flow.

Over 30 million kilograms of fruits and vegetables have been traded on the Nile platform since its launch, with purchasers hailing from five countries and 35 locations across Southern Africa. Farmers of different sizes – from small-scale farms to large commercial farmers – employ Nile’s services, while customers range from huge South African-listed firms to tiny family-owned merchants and distributors. Botswana, Namibia, Eswatini, and Mozambique are among the company’s other locations.Phuthi Mahanyele-Dabengwa, Naspers chief executive in South Africa, said: “The importance of food security cannot be overstated, and a platform like Nile provides a positive contribution towards helping to sustain it. According to the World Bank, Africa’s food system has huge potential to create more and better jobs. More inclusive value chains that link farmers and other stakeholders can help realise this potential. Our investment in Nile is a great example of how technology can support communities and improve economic opportunity.”

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Article originally published by VentureBurn.

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ALSO READ: Zimbabwean government introduces maize incentive to entice farmers

Tags: agritechfresh produceNaspers FoundryNilestart-up
Staff Reporter

Staff Reporter

Researched and written by our team of writers and editors.

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Kenya pins hopes on Bt seeds to grow cotton production

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