Degas Limited Commits $100 Million to Establish Ghana as the First Artificial Intelligence-Driven Agricultural Center in Africa

In a significant development for Ghana's agricultural sector, Degas Limited, a company that combines AI-driven satellite monitoring and traditional agriculture techniques, has announced a $100 million investment over the next four years. This investment, which is seen as a vote of confidence by many Japanese partners, aligns closely with Japan's search for credible, scalable partnerships.

Degas Limited's CEO and founder, Doga Makiura, stated that the results of this platform, which has already financed over 86,000 smallholder farmers across 122,000 acres nationwide, are drawing strong interest from Japanese investors. The expansion of Degas' services will connect farmers to markets, finance, storage, and processing, aiming to improve productivity, enhance food security, and create jobs for youth across rural communities.

President John Dramani Mahama has welcomed the investment announcement, emphasising the importance of leveraging AI and precision technologies in Ghana's agricultural sector. He stated that the investment will strengthen Ghana's commitment to integrated agricultural value chains. The President added that this investment will deepen partnerships across input supply, logistics, and offtake to strengthen local value chains.

The Japanese partners interested in investing in Degas Limited's AI-driven agricultural facility in Ghana include Mitsubishi Corporation and Sumitomo Corporation. According to Makiura, the investment will help smallholder farmers boost yields, reduce risk, and access fairly priced finance. He also highlighted that incomes have already doubled with a 95% repayment rate from the farmers using Degas' platform.

The investment is part of Degas Limited's plan to establish Ghana as Africa's first AI-powered agricultural hub. The new funding will support the expansion of Degas' services, including farmer financing, satellite-enabled crop monitoring, and precision agronomy. The expansion aims to improve productivity, enhance food security, and create jobs for youth across rural communities.

President Mahama emphasised the importance of this development, stating that it will not only transform Ghana's agricultural sector but also position the country as a leader in the use of AI and precision technologies in agriculture on the African continent. The investment is seen as a significant step towards Ghana's agricultural transformation agenda.

In conclusion, the $100 million investment by Degas Limited is a testament to the potential of Ghana's agricultural sector and the growing interest from international partners. This investment will undoubtedly contribute to the modernisation and growth of Ghana's agricultural sector, creating opportunities for smallholder farmers, and positioning Ghana as Africa's first AI-powered agricultural hub.

Degas Limited Commits $100 Million to Establish Ghana as the First Artificial Intelligence-Driven Agricultural Center in Africa