Japanese Firm to Invest $100 Million in Ghana’s AI-Powered Agriculture
Ghana is poised to become a leader in Africa’s agricultural sector thanks to a significant investment from Japanese company Degas Limited. The firm announced a $100 million commitment over the next four years to establish the nation as the continent’s first AI-driven agricultural hub. This initiative builds upon an existing successful model that has already supported over 86,000 smallholder farmers across 122,000 acres nationwide, signalling a major boost for the country’s farming sector.
Boosting Ghanaian Farmers with AI Technology
The investment, announced by Degas Limited’s CEO and founder, Doga Makiura, at the Ghana Presidential Investment Forum, aims to scale up the company’s existing platform. The platform utilizes AI-driven satellite monitoring and precision agriculture techniques. This technology enables farmers to increase crop yields, minimize operational risks, and secure access to more equitable financial resources. Makiura highlighted that this approach has already doubled farmer incomes and achieved an impressive 95% repayment rate. This significant development underscores the potential of technology to transform and improve the livelihoods of smallholder farmers in Ghana and potentially across the African continent.
This substantial investment by Degas Limited demonstrates strong confidence in Ghana’s agricultural sector and its potential for growth. The project promises to bring cutting-edge technology to the forefront of Ghanaian farming, potentially leading to a more sustainable and profitable future for the nation’s farmers.
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