Apollo Agriculture

🇿🇲 On 23rd August, Apollo Agriculture, along with our insurance partners, Pula and PICZ Insurance Company, facilitated a significant ZMW 78 million insurance payout in Zambia. This marks a pivotal moment for Apollo-registered small-scale farmers affected by the severe 2023/2024 drought. The event in Mumbwa district was attended by notable figures, including Apollo co-founder Benjamin Njenga, Ministry of Agriculture Director- Dr. Shepande Chizumba, District Commissioner- Namukolo Hayumbu, and Chief Mumba. 👩🌾 Farmers who received the payouts expressed their gratitude for the essential relief and hope provided in the aftermath of the drought’s devastating impact. With the support of our insurance partners, we have been able to reduce the risk for farmers who suffered crop losses due to severe drought, ensuring their resilience and continued success. 🤝 Looking ahead, Apollo Agriculture, in collaboration with the Zambian government and our partners, is committed to building a future where every Zambian farmer can achieve unmatched prosperity and contribute even more significantly to the nation’s wellbeing. Kenya Ministry of Agriculture and Livestock Development PULA Professional Insurance Corporation Zambia PLC #ApolloAgriculture #Insurance #Zambia #Farming #DroughtRelief #SustainableFarming #FoodSecurity #ZambiaMinistryofAgricultureandLivestock

💡 Apollo spotlighted by SoftBank Investment Advisers on our work empowering small-scale farmers across Africa to increase their profits and farm more sustainably. Read the story of our impact here, and the incredible personal story of our Chief Customer Officer Benjamin Njenga on his journey from farm to entrepreneur! Marina Troshina Neil Cunha-Gomes Eli Pollak Nadeem Pirzada Elizabeth Mastors Earl St Sauver https://lnkd.in/erFj63-6

🌱 At Apollo Agriculture, our mission is to help small-scale farmers achieve more profitable harvests and foster sustainable livelihoods. In support of this mission, we had the pleasure of working alongside H.E. Dr. Jonathan Bii, the Governor of Uasin Gishu county, to launch high-value crops in the region. Benjamin Njenga, our Managing Director and Co-Founder at Apollo Agriculture, reaffirmed our commitment to supporting the county government. Together, we are exploring ways to assist these farmers as they transition from conventional low-ROI farming to achieving better yields per acre. We also recognize that many farmers were affected by the recent floods. At Apollo, we invested Ksh 5M to support all affected Apollo farmers across the country. We were honored to have H.E. Dr. Jonathan Bii distribute this support to Apollo farmers who were impacted. At Apollo, we not only provide our farmers with essential inputs but also offer the requisite insurance to protect them against any eventualities that may affect their yields.

🌱  How can AI revolutionize financial inclusion? Our CCO and co-founder, Benjamin Njenga, joins industry leaders in the latest episode of the Fintech of the People podcast to discuss just that! Tune in as Benjamin Njenga, alongside experts from IDfy, SUKHIBA, and Moffin, explores the transformative potential of AI in expanding access to financial services for underserved communities. We are excited Apollo Agriculture is at the forefront of utilizing AI and machine learning to unlock credit access for smallholder farmers in Kenya and Zambia, ensuring food security for the countries. Our mission is to empower farmers to increase their production, feed their families, and contribute to food security. 🎙  Listen now: https://lnkd.in/gwGcYu2h Dr. Kiplimo Sirma, PhD. The World Bank, World Food Programme, Henry Kinyua, Songbae Lee, Endeavor Kenya, Kenya Ministry of Agriculture and Livestock Development, African Development Bank Group, British International Investment, Chan Zuckerberg Initiative

🌱 Exciting News Alert! 🌱 Our co-founder, Ben, recently shared insightful perspectives on streamlining financing for sustainable agriculture in Kenya during an exclusive interview with CNBC Africa, captured below. 🗓 This interview sets the stage for Ben’s upcoming participation in the Financing Agriculture Sustainably Conference  (FINAS 2024 https://finas.rootooba.com) happening 27th + 28th of March. At the conference, Ben will dive deeper into innovative financing strategies that promote sustainability in agriculture, contributing to the ongoing dialogue on shaping the future of farming practices. Stay tuned for more updates from the conference and join us in supporting Ben as he continues to drive positive change in agriculture! ⭐ https://lnkd.in/e4D3xfsg

🚀  Apollo Agriculture is proud to announce a $10 million investment from Swedfund and ImpactConnect (implemented by DEG). This collaboration is a significant milestone, and puts us in a strong position to continue our rapid growth towards our mission of helping small-scale farmers earn more money and farm more sustainably. 🌱 Apollo Agriculture uses machine learning and automated operations to serve small-scale farmers scalably and profitably, and has already served over 350,000 small-scale farmers in Kenya and Zambia. The $10 million debt investment will fuel our expansion in Kenya, enabling more farmers to thrive, adapt to climate change, and feed their communities 🌍 🤝 We are humbled by the trust placed in our vision by these two premier European investors and energized for the journey ahead! This strong backing in a complex macro environment strengthens our mission to continue investing in farmers, at scale 🌱 #Agriculture #FoodSecurity #Farmers #Kenya #SustainableAgriculture #ApolloAgriculture

Apollo Agriculture is excited to announce a powerful partnership with the Africa Fertilizer Financing Mechanism (AFFM) that gives a huge boost to our mission of empowering small-scale farmers in Kenya to maximize their profits and bring food security to Africa. 🌍  The $2.2 million trade credit guarantee and technical assistance program is a strong validation of Apollo's data and tech-driven approach to delivering inputs, credit, insurance and advisory. This partnership aims to improve access to fertilizer, boost food production, increase income, and create jobs - perfectly aligned with Apollo Agriculture's core mission. 🚀  This alliance will empower us to distribute over 7,000 metric tons of fertilizers to more than 100,000 smallholder farmers in Kenya, through Apollo's extensive network of dedicated agents and agro-dealers. Our digital platform and mobile applications will play a pivotal role in ensuring easy access to essential farming inputs. 👩🌾  Together with AFFM, we are working hard to cultivate a brighter future for Kenyan agriculture and beyond. This collaboration embodies our vision of a world where farming can be a thriving enterprise for every agricultural household. We extend our heartfelt gratitude to the #AFFM team and @AFDB_Group for making this collaboration possible!#ApolloAgriculture #Agriculture #FoodSecurity #Farmers #Kenya #SustainableAgriculture #Partnership #Agtech #Fintech

Today, in Kisumu, near Lake Victoria in Kenya, Queen Máxima met with farmers who have been using a digital insurance product from an insurance technology company called Pula, shielding them from the unpredictable impacts of climate change and crop failure. Pula partners with an ag-tech company called Apollo to bundle insurance with crucial farming inputs like premium seeds and fertilizer available on credit. Using satellite information, these farmers can receive reliable estimates of income losses and immediate payouts in the event of crop damage. The bundling of inclusive digital financial services and access to essential resources such as quality seeds and fertilizer can increase food and financial security for many. This is critical since only 5% of Kenyans experiencing a flood or drought report using financial services to address the shock. In contrast, 42% of Kenyans relied on informal sources or sold assets to manage climate shocks. Photos: Patrick van Katwijk #kenya #financialinclusion #IGF #inclusivegreenfinance #insurance #digital

🌱 This week, our co-founder Benjamin Njenga and Her Majesty Queen Maxima of the Netherlands spent a day with our Apollo farmers in Kisumu. Big shoutout to Farmer Dennis for sharing his journey with us! Queen Maxima is all about making finance work for everyone, a goal that’s at the very heart of what we do. At Apollo, we're giving farmers the tools and funds they need to grow their businesses. We’re empowering them to achieve profitability, so they are able to continue providing food for our growing global population. Our vision is a world where farmers like Dennis reach their goals, feed communities, and grow alongside us. Because when they succeed, we all do 🚜💚 Proud moments like these are why we do what we do. Here's to more growth, more food, and more (financial) power to the farmers! A big thank you to our partners at PULA for enabling this visit. Read more about the visit in Ben’s post, or check out the official press release linked in comments. #FinancialInclusion #EmpoweringFarmers #QueenMaxima #ApolloMission