AMAATI COMPANY LIMITED (ACL)
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.
Years of operation
Type of organization
Stage of the business
Value addition/ processing
Agriculture value chain(s) focus?
Primary country of operation
Other country(ies) of operation
How many employees does your business have?
Does the business have more than 30% women ownership?
Does the business have more than 30% youth ownership (under 35 years)?
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
What is the split between equity and debt?
67% debt and 33% equity