Description
Wakulima Agri-Food engages rural smallholder farmers, mainly women and youth to produce and process orange-fleshed sweet potato flour which is organic, gluten-free, healthier, tastier, and affordable for maternal mothers and children. The company’s food products are richer in vitamins A, B12, nutrients, and minerals such as folic acid, zinc, and iron.
Market Opportunity/ Problem
In Tanzania, over 58% of maternal mothers have inadequate access to dietary foods, and over 41% of children have inadequate access to nutritious foods. Wakulima Agri-Food has innovated the use of orange-fleshed sweet potato flour to process into multiple food products that are blended with wheat to ensure access to nutritious, gluten free, and organic food products.
Company Information
Years of operation
3
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Tanzania
Other country(ies) of operation
Rwanda & Uganda
How many employees does your business have?
13
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
500k-1m
What is the split between equity and debt?
70% equity and 30% debt