Yara has invested in Apollo Agriculture to expand its presense in Kenya
Kenya-based agricultural marketplace Apollo Agriculture raised $30 million in investments from a consortium of investors led by the SoftBank Vision Fund and Yara Growth Ventures (part of Norwegian producer of mineral fertilizers Yara International, hereafter Yara).
Apollo Agriculture was established in 2015 and plays an important role in African agriculture, especially in Kenya. The company provides farmers with crop protection products, mineral fertilizers and agricultural machinery.
“We believe there is a huge opportunity for growers in Africa to provide advanced agricultural services,” said Erkki Aaltonen, Managing Director of Yara Growth Ventures.
Yara produces a wide range of mineral fertilizers and sells them all over the world. The African market is one of the strategic ones for the company.