Afrobility: Africa Tech and Business

#55: Apollo Agriculture - How the AgriTech platform is supporting smallholder farmers to scale across Kenya & Africa

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Overview: Today, we’re going to talk about Apollo Agriculture, the Kenyan AgTech company - we’ll explore the Apollo story across the following areas

  1. African agriculture context
  2. Apollo's launch & early history
  3. Product & monetization strategy
  4. Competitive positioning & exit options
  5. Overall outlook

    6. This episode was recorded on Aug 21, 2022


    Companies discussed: Apollo Agriculture, The Climate Corporation (WeatherBill), Pula, FarmDrive, Monsanto, FairMoney & Kuda Bank


    Business concepts discussed: Agricultural Technology (AgriTech or AgTech), smallholder farmers, Risk mitigation, Debt funding, Customer acquisition costs (CAC) & Customer lifetime value (LTV, CLV)


    Conversation highlights:

    • (06:10) - Agriculture context in Africa
    • (21:00) - Context on Agriculture in Kenya
    • (27:33) - Apollo founding story and founder background
    • (40:55) - Fundraising and growth
    • (55:14) - Product and monetization strategy
    • (1:17:58) - Competition and exit options
    • (1:27:53) - Bankole’s overall thoughts and outlook
    • (1:34:50) - Olumide’s overall thoughts and outlook
    • (1:49:36) - Recommendations and small wins


      • Olumide’s recommendations & small wins:

      • Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at [email protected]
      • Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at [email protected]
      • Recommendation: Little Ways The World Works: Article by Morgan Housel. Great article talking about how learning from different fields is very helpful. He goes over learnings from evolution, astronomy, biology, anatomy, etc
      • Recommendation: University of Berkshire Hathaway: Auto recommended by Kindle. Great. Chronicles 30 years of Berkshire Hathaway Annual meeting discussions
      • Small win: Beach gathering with friends, it was fun
      • Small win: Just got back from NYC 30 minutes before recording this episode, a lot of fun


        • Bankole’s recommendations & small wins:

        • Recommendation: Soul In The Game - Vitaly Katsenelson && Asake - Terminator &&  For My Hand - Burna Boy and Ed Sheeran
        • Small win: Beat my previous Readwise streak of 190 days!
        • Other content: CIA Factbook on Kenya, FAOStat Food production, Interdependence and modularity - Christensen institute ,  All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense


          • Investors, Operators, Entrepreneurs - We’d love to hear from you. Please email [email protected] to share feedback

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          Afrobility: Africa Tech and BusinessBy Olumide Ogunsanwo and Bankole Makanju
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