Description

AMAATI is a Ghanaian social enterprise company that pioneered the revival of Fonio in Northern Ghana. The company was formed in April 2013 to create sustainable livelihoods for women farmers whose land has been degraded due to its excessive usage. The company created a land management system to regenerate the land to grow Fonio and other crops.

Market Opportunity/ Problem

Despite Ghana’s high economic growth in recent years, high poverty levels persist, with 44-69% of the population living under the poverty line. In the three northern regions with vast agricultural land, 90% of families rely on agricultural livelihoods. Lack of diversification from agricultural economic activity and severely limited food production has resulted in chronic poverty, food insecurity, and malnutrition, with 33-40% of children under 5 suffering from hunger and malnutrition. Due to climate change, erratic rainfall patterns further affect food production in the northern regions where there is only one rainy season, threatening employment among youth and women. Unemployment in northern Ghana (14.2%) is driven by the increasing concentration of climate-dependent cereals like maize, sorghum, and millet threatened by rainfall variability and land degradation due to intense fertilizer application. This exacerbates the exodus of women and youths to cities where they may be exploited for labor and worsens the precarity and malnutrition among the remaining rural families.

Company Information

Years of operation

8

Type of organization

Private company

Stage of the business

Growth stage

Agribusiness focus

Value addition/ processing

Agriculture value chain(s) focus?

Food crops

Primary country of operation

Ghana

Other country(ies) of operation

N/A

How many employees does your business have?

35

Does the business have more than 30% women ownership?

Yes

Does the business have more than 30% youth ownership (under 35 years)?

No

Financing and expansion overview

How much capital is the company currently fundraising (US$)?

>1m

What is the split between equity and debt?

67% debt and 33% equity
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How to engage

Please reach out to us on dealroom@agra.org for any queries or support. The SMEs can be reached directly through the unique link found on their company profile page.