ThriveAgric, a technology-driven agricultural company, has successfully raised N5.3 billion in its Series 1 commercial paper issuance under a N50 billion programme. The funds will support 1.2 million smallholder farmers across 26 states in Nigeria, where the company operates. The issuance was oversubscribed due to substantial institutional demand, allowing the company to exceed its initial N5 billion target. ThriveAgric also operates in Ghana, Kenya, Uganda, and Rwanda, helping smallholder farmers scale their operations.
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