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Farmcrowdy: 2019 in Review

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2019 has been an amazing year for us and we couldn’t have done it without our amazing farmers, farm followers, and sponsors. As we come to the end of the year, here is a look back at what we achieved this year:

Our Projects

year review

– Earlier this year, we launched our first portfolio company, Farmgate Africa. Farmgate Africa provided major processors and international buyers with the opportunity to purchase commodities directly from local farming clusters. In July 2019, we unified Farmgate Africa and Agricsquare (a community of Agriculture enthusiasts) with Farmcrowdy to provide an all-inclusive platform and create a seamless experience for our sponsors. 

poultry farming in nigeria

– This year marked our expansion to various states to continue empowering rural farmers. We expanded operations to Sokoto, Adamawa, and Nasarawa. As of December 2019, Farmcrowdy currently operates in 16 out of the 36 states in Nigeria, empowers 25,800+ rural farmers, operates on 19,000+ acres of land, and has reared about 3 million chickens.

– We launched Farmcrowdy 2.0, our upgraded website with lots of new features to enhance the user experience. Some of the new features on the site were; an all-new dashboard, more payment options for local and international sponsors, and easier sign-in/login options.

Also Read: Interview With Deborah Ogwuche, Founder Of Food Channel Africa

– In March 2019, Farmcrowdy raised an additional seed funding of $1 million from Cox EnterprisesTechstars, and Ajayi Solutions to continue building our award-winning model while expanding across Nigeria to empower rural farmers. We also announced the Farmcrowdy Technical Field Specialist (TFS) App for our on-site Technical Field Specialists.

– In May 2019, we announced our partnership with Livestock247.com. Livestock 247 is an online Livestock Market established to bring together Buyers, Sellers, Ranchers/Feedlot Operators, Veterinary Professionals, Haulage Companies, Butcheries/Abattoirs, and Financial Service Providers. The partnership provided potential customers the ability to buy quality, traceable and fit for slaughter livestock, empower livestock farmers through the feedlot program.

year review 2019

– Farmcrowdy also announced its partnership with Best Foods Fresh Farm. Best Foods is one of Nigeria’s most respected agribusiness companies which has been in operation for over 16 years. The partnership will improve the livestock value chain across Nigeria. It will also improve the quality of meat production and processing in alignment with international standards. This will make lead it to becoming the best source of processed meat in Nigeria.

year review 2019

– As we grew, we decided to apply our winning business model to other sectors. This led to the launch of Crowdyest, with the goal of contributing to the achievement of the SDGs. Farmcrowdy became the first featured portfolio company in Crowdyvest.

Farmcrowdy partners with Oyo state

– The Governor of Oyo State, Engr. Oluseyi Makinde unveiled a partnership with Farmcrowdy in August 2019. The purpose of the partnership is to empower 50,000 Oyo State rural farmers. We are the first digital agriculture platform in Nigeria to achieve a partnership of this magnitude.

year review

– November 16th – November 18th, 2019 was a memorable period for Farmcrowdy. Our Managing Director, Kenneth Obaijulu attended the Global Business Forum in Dubai. At the forum, Kenneth spoke to Doing Business in Africa Club Members at the Hult International Business School, Dubai. He spoke to them about the African market, it’s challenges, and how to make an impact in the society. Kenneth also discussed AgriTech with the Vice President, Prime Minister (UAE) and Ruler of Dubai, Sheikh Mohammed bin Rashid.

– In December 2019, we introduced a new farm – Cumin farm. Cumin is the dried seed of the herb, Cuminum cymium, a member of the Parsley family.  It is available both as whole seeds as well as in ground form. It is a typical ingredient in chili powder and is also often found in other spice blends.

Our Awards

Farmcrowdy is 3

– We won our first global recognition and the United Nations “Global Disruptive Innovation in Agriculture” award in Italy.

Farmcrowdy is 3

– Farmcrowdy won The Next Bulls Award by the Nigerian Stock Exchange and BusinessDay.

year review

– Farmcrowdy was presented with the award for Africa’s Innovative Business of the Year 2019 by the British Awards for African Development.

year review 2019

– Our founder, Onyeka Akumah was presented with the Leadership Award in Agriculture for 2019 by Global Leadership Institute.

– Farmcrowdy was included as one of Africa’s most inspiring businesses in the London Stock Exchange Group’s ‘Companies to Inspire Africa 2019 report.’

– The Financial Times/International Finance Corporation (FT/IFC) Transformational Business Awards 2019 shortlisted Farmcrowdy as one of the finalists under the category: Transformational Solutions in Food, Water and Land.

– Pagan Research listed Farmcrowdy as one of the 23 Amazing Startups in Nigeria that are revamping the Tech Ecosystem.

Other Activities

world food day 2019

– On World Food Day 2019, we visited Victoria Island Nursery and Primary School, Eti Osa LGA. There, we educated the children on agriculture, World Food Day, and the role children can play towards achieving Zero Hunger. We also showed them some fun exercises they can engage in to stay fit and healthy.

– On October 7, 2019, the Lagos State Government introduced a Veterinary Health Certificate for Trade of Meat, being a requirement for major food vendors to ensure that the animals slaughtered and sold for consumption are under hygienic conditions. Farmcrowdy is a proud holder of the Veterinary Health Certificate for Trade of Meat.  This means that beef that comes from the meat production arm of Farmcrowdy has been processed under hygienic conditions, tested and marked safe for consumption.

Farmcrowdy is three

– Farmcrowdy turned three (3) on November 14th. We used that day to appreciate our farmers, farm sponsors, partners, stakeholders, and everyone who has supported us in the past three years. It was also a time to reflect on our growth in the past year and discuss ways to ensure growth by our fourth year.

year review

– We had our annual mid-year conference on July 6th and July 7th. Guest speakers, Yemi Davids and Olakunle Soriyan were invited to speak to the staff. The conference helped reaffirm our commitment to the company goals and vision.

year review 2019

– In December 2019, we had our annual end of year retreat at Park Inn Radisson, Abeokuta where we spoke on our plans for next year. On our way there, we stopped at the famous Olumo rock where our brave climbers made it to the top.

It’s been a great year and we are grateful for all the love and support from everyone. We cannot wait to have an even better 2020. Until then, Happy holidays! 

Farmcrowdy

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Press Release

Releaf Partners with IITA to Improve Growth and Sustainability in Oil Palm Production

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Releaf VP Sourcing – Ayodeji Jayeoba (left), Nteranya Sanginga – DG, IITA (Middle) Ikenna Nzewi – CEO, Releaf (Right) (Image: Supplied)

Releaf, an agtech startup that develops proprietary hardware and software solutions that makes African farmers and food factories more efficient and profitable, has partnered with the International Institute of Tropical Agriculture to improve growth and sustainability in oil palm production in Nigeria and across Africa.

The partnership will enable the startup and the award-winning research-for-development organisation to explore ways to increase oil palm yields, deploy the best intercropping mechanisms, and work with fabrication and mechanisation experts to foster further innovation and development in Nigeria’s smallholder-driven oil palm sector.

Despite having 80 percent of market share, 4 million smallholder farmers in Nigeria’s oil palm sector are unable to maximise the opportunity available to them. Due to relatively low yields and limited access to adequate processing equipment. Releaf has invented Kraken – West Africa’s most advanced palm nut de-sheller. Which can process up to 500 metric tons of palm nuts per week to produce premium palm kernel products at 95% purity, better than the 88% industry standard. Releaf also works with farmers to improve their output. By encouraging the adoption of best practices to increase their yield. And supporting farming activities that are good for the environment.

In the early 1960s, Nigeria was the world’s largest oil palm producer with a global market share of 43 per cent. Today, it contributes less than two percent of total global production. IITA will support Releaf with soil fertility analysis, access to its facilities, oil palm management programmes and leaf analysis for improved productivity. The partnership will also explore how insect waste can be recycled into organic waste that can be used to fertilise oil palm or as a source of nutrition for livestock.

According to Ikenna Nzewi, CEO and co-founder of Releaf, “IITA has a long and rich history of working with international and national partners to impact agricultural value chains. And we are really excited to be partnering with them. IITA also represents the beginning of the journey that led me to co-found Releaf and I am grateful for the opportunity to take this relationship forward. Oil palm is one of our most ubiquitous plants and we must continue to develop technology to improve its sustainable impact on rural communities’ livelihoods.”

IITA Director General Nteranya Sanginga said, “We are really impressed by what Releaf has already achieved in such a short space of time. I recall our first meeting with Ikenna in 2015 and it is great to see what that first encounter has led to. Investing in research and development is always a great advantage for everyone. And we are looking forward to working with Releaf to explore more ways to add value across the agricultural value chain.”

 

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Press Release

Social media main enabler for growth among women-owned businesses

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95% of women SMEs in the region identify social media channels as the top tool to drive their business ventures

Mastercard, the Official Payment Technology Partner of Expo 2020 Dubai, and Female Fusion Network unveiled new research at the first in a series of workshops for the region’s female entrepreneurs at the world’s largest cultural gathering.

Held at Expo 2020 Dubai’s Women’s Pavilion, in collaboration with Cartier, the session focused on the power of the digital economy in enabling women-owned businesses to go online. In a study conducted among Female Fusion’s network of 20,000+ members across the region, it was revealed that 95% of women SMEs in the region identify social media channels as the top tool for their business ventures. Other channels include their own e-commerce websites (72%) as well as messaging services such as Facebook and Whatsapp (50%).

In addition, three out of four (72%) women-owned businesses said they rely on word of mouth to market their products and services. The workshop identified how SMEs can make the most of their online footprint, and better connect to their consumers in a digital economy.

Speakers included Ngozi Megwa, Senior Vice President, Digital Partnerships MEA, Mastercard, Sarah Beydoun, Founder and Creative Director of social impact fashion business Sarah’s Bag in Lebanon, Ioanna Angelidaki, co-founder of Instashop, and Maureen Hall, Founder and CEO of COÉGA Sunwear.

“The findings from the study indicate a clear need for further education and empowerment. Mastercard has long pushed for the success and growth of women as we break gender barriers around the world. Digital tools and technologies are the greatest equalizer for businesses and as the shift towards e-commerce becomes increasingly permanent, we are committed to helping women businesses go digital and grow digital as they pursue their entrepreneurial passions,” said Ngozi Megwa, Senior Vice President, Digital Partnerships MEA, Mastercard.

The recent unveiling of the inaugural Mastercard MEA SME Confidence Index also revealed that in terms of a digital footprint of the region’s women entrepreneurs, social media (71%) leads the way followed by a company website (57%).

“We are proud of the successful launch of our workshop series in partnership with Mastercard. As a growing community of ambitious women leaders, Female Fusion Network looks to support our members with access to platforms that offer simple yet effective takeaways for them to grow their business. We look forward to having more of these impactful sessions during Expo 2020 Dubai,” said Jennifer Blandos, Managing Partner, Female Fusion Network.

Mastercard has made a global commitment to connect 25 million women entrepreneurs to the digital economy by 2025 as part of its goal to build a more sustainable and inclusive world. As part of its efforts, the technology leader recently launched  ‘The Entrepreneur’s Odyssey’ a first-of-its kind digital education platform that brings together a range of world-class academic and business resources to help small businesses learn and thrive.

 

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Press Release

Acronis, Cyber Protection Leader appoints Technology Veteran Paul Maritz, as Chairman of the Board

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Acronis Board Chairman, Paul Maritz (Image: Supplied)

Acronis, a global leader in cyber security and data protection, today announced that Paul Maritz has been appointed as the Chairman of the Board of Directors, effective September 21, 2021. Maritz will be responsible for the governance and leadership of Acronis as it strengthens its position in the service provider market preparing for significant growth in the future.

Earlier this year, Acronis raised $250M at a $2.5B valuation, and announced former GoDaddy’s partners business president, Patrick Pulvermüller, as the new chief executive officer. The strengthened management team will use the momentum to provide Acronis’ partners with the tools that they need to deal with a rapidly changing digital world.

The challenge of providing MSPs with effective tools to manage the environments of their customers is becoming increasingly complex, particularly in a world where security is becoming an overwhelming issue. Security can no-longer be handled by having an SMB end customer put together a plethora of individual tools. Modern threats have exposed the need for an integrated approach and automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world.

Acronis Cyber Protect provides all the management tools of the future that service providers need to do an effective job for their customers to help them grow their business. As well as developing its own technology, Acronis will continue to make acquisitions to become one of the world’s major players of providing the most innovative backup, security, and management tools on the market. Over 12,000 service providers trust Acronis Cyber Protect to manage over 2,000,000 workloads around the world, positioning Acronis for even more company growth in the future.  

“Paul brings a wealth of experience developing products to meet market demands and take companies to the next level. His becoming Chairman represents another step forward for Acronis in solidifying its position as a global leader in cyber protection. Paul’s experience with innovations at scale will help us to continue delivering easy, efficient, and secure cyber protection to service providers and their customers of any size,” said Patrick Pulvermüller, Acronis CEO.

“With its strength in backup and security, Acronis is well positioned to build a platform for a comprehensive list of management tools, helping service providers deliver modern cyber protection to their customers today and in the future. Acronis Cyber Protect is a great example of what can be done. Acronis will continue extensive research and development in this direction, helping partners optimize their operations and stay ahead of the competition,” said Paul Maritz, Acronis Chairman of the Board.

Maritz first joined the Board of Directors in May 2021, bringing 40 years of experience in computer science and software to the cyber protection company.

In his previous executive roles, Paul served on the Executive Staff of Microsoft, was the CEO of VMware, and was CEO and Founder of Pivotal Software. Paul currently is an active investor and serves on the Boards of several start-up technology companies.

Paul graduated with a degree in Mathematics and Computer Science from the Universities of Natal and Cape Town. He is active in the nonprofit world, served for 10 years on the Board of the Grameen Foundation, which supports financial inclusion and technology in the developing world, and supports conservation efforts in Africa.

Paul Maritz replaces René Bonvanie, whose leadership helped Acronis develop an effective strategy to expand global presence and deliver easy, efficient, and secure cyber protection to customers of any size. Acronis wishes to thank René Bonvanie for his contribution to the company development and growth.

 

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