SmithField Agribusiness, a Ghanaian agrifood supply chain business, has secured $230,000 (GHS 2.53 million), in convertible debt financing from GBHub Africa to expand its cold chain infrastructure, grow its network of smallholder farmers, and strengthen its operations.

Unlike a conventional convertible note, the investment includes a one year moratorium and a one year decision cliff. At the end of the period, both parties will decide whether the facility converts into equity or continues as interest free debt, providing the company with flexibility as it scales. Additionally, the facility is cedis-denominated to shield the company from foreign exchange risk.

Founded by Stanley Smith-Acquah in 2027 to address inefficiencies in Ghana’s agricultural value chain, SmithField connects smallholder farmers with buyers. The company aggregates fresh produce and supplies retailers, food processors, hospitality businesses, and other institutional customer. At the core of SmithField’s model is a network of solar powered cold rooms. The facilities enable the company to aggregate, store, and distribute fresh produce while reducing post harvest losses and maintaining quality across the supply chain.

Cold storage remains one of the biggest gaps in Ghana’s food system. Many farmers sell their produce immediately after harvest because they lack storage facilities. As a result, they often accept lower prices or lose part of their harvest. SmithField’s cold rooms give farmers more time to find buyers while helping maintain the quality of fresh produce.

The new funding will support the rollout of additional cold storage facilities in key agricultural production areas. SmithField will also expand its network of smallholder farmers and increase the volume of produce moving through its supply chain. As a result, the company expects to serve more commercial buyers across the country.

The investment also includes post investment support from GBHub Africa.

The investment package extends beyond financing.

First, GBHub Africa will help SmithField strengthen its corporate governance, financial management, and internal systems. The company will also join the GBHub Grow Excellence Academy, which helps founders build stronger management teams and business processes.

Beyond operational support, GBHub Africa will connect SmithField to GBFoods, one of Africa’s largest food manufacturers, to explore commercial opportunities. These opportunities include supplying agricultural produce into GBFoods’ value chain, giving SmithField access to a potential long term corporate buyer.