Key Takeaways
- African Golden Food raises $1 million in equity funding from FrugalFP B.V. and a Scotland-based investor group led by John Lind.
- Investment accelerates development of a 10,000-hectare Smart Circular Agro-Food & Carbon Innovation Vehicle in Ghana.
- The project aims to restore degraded land, create 2,500 rural jobs, and sequester over one million tonnes of CO₂ in ten years.
- African Golden Food aligns with major national economic initiatives, including Ghana’s Volta Economic Corridor and 24-Hour Economy.
- Partnerships with European and African organizations strengthen climate, agritech, and sustainability outcomes.
African Golden Food Announces Funding to Scale Integrated Agroforestry and Processing
African Golden Food has secured a $1 million equity investment to accelerate the development of its flagship Smart Circular Agro-Food & Carbon Innovation Vehicle in Ghana’s Kwahu Afram Plains. Investors include FrugalFP B.V. of the Netherlands and an Aberdeen-based group led by John Lind. Advisory support was provided by Mubanga Kasonde of MK Consult in the UK.
The project integrates cassava and sweet potato processing, large-scale agroforestry, and renewable energy, forming a climate-smart model designed to boost food security, community prosperity, and long-term environmental resilience.
“With the support of our partners, we are not only building a profitable agribusiness but creating a regenerative blueprint for land restoration, youth employment, and carbon removal,” said George Boakye Sarpong, Founder and CEO of African Golden Food.
African Golden Food to Drive Land Restoration and Climate Outcomes
The initiative aims to restore 10,000 hectares of degraded land and generate 2,500 rural jobs over the next decade. Its agroforestry design is projected to sequester more than one million tonnes of CO₂, reinforcing its role as a scalable climate-smart investment model rooted in community impact and inclusion.
The company’s broader agro-industrial strategy supports sustainable intensification and year-round production through integrated processing and renewable energy use.
Strategic Partnerships Strengthen Climate and Agritech Ambitions
African Golden Food collaborates with an international network of shareholders and expert partners, including FrugalFP B.V., the Bundesvereinigung Nachhaltigkeit (BVNG) in Berlin, and a growing team of European and African agritech specialists. Together, the consortium bridges Africa’s agricultural potential with Europe’s sustainable finance ecosystem.
The company’s vision aligns with several national initiatives, including Ghana’s Volta Economic Corridor, the 24-Hour Economy strategy, and the Konadu Economic Enclave Irrigation Project, all of which emphasize year-round agricultural production, job creation, and export growth.
Support from Ghana Irrigation Development Authority Strengthens Expansion Plans
The Ghana Irrigation Development Authority (GIDA) has provided land allocation, stable water supply, and technical advisory services, positioning African Golden Food to undertake continuous production for both domestic and export markets. The partnership supports GIDA’s broader objective of expanding irrigation infrastructure and promoting agribusiness development across the region.
