In the New
- Baobab Network accepts Nigerian agritech startup, ePoultry, into its 2023 cohort accelerator programme.
- ePoultry is an agriculture marketplace leveraging technology to connect farmers with input loans and consumers, offering advisory services and opportunities for investment.
- The Baobab Network’s accelerator programme offers $50,000 capital, an intensive acceleration program, and a global network of experts and investors to help startups grow their businesses.
- Other startups in the cohort include Afrigility, Eazy Chain, MuduPay, and Colis.ma.
The Story
Nairobi-based tech accelerator, Baobab Network, has accepted Nigerian agritech startup, ePoultry, into its first cohort of 2023. ePoultry, along with four other startups welcomed into the cohort, will receive a $50,000 capital injection.
ePoultry is an agriculture marketplace that offers farmers input credits, and advisory services. The agritech platform leverages technology to connect farmers with input loans and consumers, providing an efficient way for farmers to produce high-quality poultry products.
With simple steps, farmers can verify their farm businesses, join the dynamic B2B ePoultry marketplace, and track and manage records and inventory. The platform is also Nigeria’s first digital poultry investment platform which allows individuals to invest in poultry businesses. ePoultry startup is run by Anthony Owei as Chief Executive Officer, Goodness Nwachukwu as Chief Product & Marketing Officer, and Kingsley Owei as Chief Operations Officer.
Founded in 2015, the Baobab Network is a bespoke accelerator that invests in early-stage tech companies across Africa, offering founders early-stage capital and an intensive acceleration programme. The accelerator also offers selected startups a global network of experts, mentors, corporate partners, and investors after demo day, to help startups grow their businesses.
On unveiling its new cohort, Christine Namara, Head of Ventures at the Baobab Network said, “Once again, we have witnessed the power of African innovation first-hand with this incredible cohort of start-ups. Their passion, creativity, and determination to solve pressing challenges in their communities and ecosystems have been truly inspiring. We are proud to have been chosen to join them on this journey and looking forward to seeing their transformative impact in the African ecosystem and beyond as we go for scale.” With this cohort, the Baobab Network increases its portfolio size to 40 startups.
Other startups in the Q1 2023 cohort are, Afrigility, a Kenya logistics startup which offers B2B e-commerce fulfillment and on-demand warehousing solutions; Eazy Chain (formerly Togo Cargo), a Togolese integrated logistics platform for seamless cargo transportation via air, sea, and road freight services; MuduPay, a fintech startup in Guinea Conakry, which enables Africans to make online payments, and Colis.ma, a Moroccan progressive logistics marketplace which allows transporters to digitise their operations and helps customers find, compare, choose, and track their transportation based on individual preferences.
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