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:
– 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.
– 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.
– In March 2019, Farmcrowdy raised an additional seed funding of $1 million from Cox Enterprises, Techstars, 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.
– 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.
– 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.
– 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.
– 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.
– We won our first global recognition and the United Nations “Global Disruptive Innovation in Agriculture” award in Italy.
– Farmcrowdy won The Next Bulls Award by the Nigerian Stock Exchange and BusinessDay.
– Farmcrowdy was presented with the award for Africa’s Innovative Business of the Year 2019 by the British Awards for African Development.
– 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.
– 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 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.
– 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.
– 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!
Dream VC Launches Its 2024 Venture Capital Fellowship Program
Dream VC, Africa’s foremost venture capital institute and investor accelerator announces the commencement of applications for the 2024 cohorts of their flagship African-focused Venture Capital training programs. Founded in 2021, Dream VC has trained more than 170 African and Africa-focused investment professionals across 3x successive cohorts and 5x programs, many of whom are currently leading and operating in different investment roles across over 65x African investment firms.
The annual remote venture capital fellowship programs provide the ideal launchpad for all aspiring and current investors to break into the African venture space, with an extensive curriculum, practical training, and direct exposure to world-class investors provided to both junior and more venture enthusiasts.
Dream VC’s tailored educational investor training programs are dedicated to creating the necessary pipeline of talent, the next generation of African-focused investors. “Investor Accelerator” and “Launch into VC” are Dream VC’s remotely delivered flagship venture capital fellowship programs, both run entirely virtually. The two concurrently running programs provide an ideal launchpad for all aspiring and current investors to learn, practice, and sharpen the skills needed to successfully find, invest in, and grow African technology businesses.
“The Dream VC fellowship was a big part of my journey into Venture Capital, it allows you to work alongside enthusiastic venture capitalists in the African VC ecosystem, gain hands-on experience in due diligence and deal sourcing, and build a strong network in the industry,” said Cinderella Alinaitwe, now an Investment Analyst at Pearl Capital Partners, a Dream VC alumni (2021 cohort).
“Dream VC is what I wished I had access to when I started my VC journey. The barrier to entry is high for anyone looking to break into the African VC industry, and going through Dream VC equips individuals with the necessary skills set needed to land that entry-level role at an African VC firm. With more African funds springing up every year, there is a huge opportunity to fill positions and get the best talent. The current gaps in the market for talent are huge, and Dream VC is plugging into a critical pain point. With Dream VC, you are sure of the best talents to hire from.” echoes Dayo Koleowo, General Partner at Microtraction and a past speaker at Dream VC’s venture capital training programs.
This year, Dream VC is back in full force with an expanded team and a success rate evidenced by the many funds that count Dream VC alumni on their teams. In 2024, the investor accelerator will accept applications for their now-familiar venture capital training programs from today, the 27th of February 2024. The two programs running for this year are:
- The 4-month-long Launch Into Venture Capital (LIVC) Program will run from June to Late September.
- The 5-month-long Investor Accelerator Program (IA) will run from June to Late October.
Dream VC’s focus on accessibility continues, and Dream VC is proud to share that they have once again secured a round of commitments from their partners and alumni to enable the Dream VC Access Foundation (Dream VC’s scholarship arm) to provide much-needed support and financial assistance to any aspiring investor-in-training, who makes it through the application process but cannot cover a portion of the program costs.
“Our commitment at Dream VC extends far beyond merely churning out a set number of investors within a specific timeframe. We’re dedicated teachers and builders, meticulously identifying and bridging gaps within the investor ecosystem across Africa. We firmly believe in the immense potential of African talent. Through our programs, we’re shaping future leaders poised to enter various roles within the venture capital landscape, from joining VCs and launching funds of their own to becoming angels, venture builders, and ecosystem enablers at ESOs,” remarked Mark Kleyner, Co-Founder of Dream VC, highlighting Dream VC’s pivotal role and continued success rate in nurturing and empowering investors, funds, and corporate entities to actively participate in Africa’s burgeoning startup scene.
Applications for the 2024 cohort for “Launch into VC (LIVC)’’ and “Investor Accelerator” programs open on Tuesday, February 27th, and will close at 23:59 GMT on the 14th of April 2024.
Both programs will run concurrently from summer to autumn. Launch into VC runs for 4 months from June to Late September. The Investor Accelerator program commences in June and runs until October for a total of 5 months.
Interested applicants can apply for the 2024 cohort of Dream VC’s programs here before 23:59 GMT on April 14th, 2024: https://forms.gle/DJuY7QHsMMYxBEBZ9
Fawry partners LA Market to empower local brands in Egypt
Fawry, the leading company in the field of banking technology and electronic payments signed a strategic cooperation agreement with “LA Market”, an exhibition and conference management company. As the first choice in the electronic payments market, “Fawry” seeks to support women empowerment initiatives within the region, which not only strengthens the business but also the landscape.
“Fawry”, a company specializing in financial technology solutions, aims through this partnership to bring mutual benefits to both parties and contribute to the overall development of the market within the framework of its commitment to the Egyptian market by contributing to spreading the culture of digital transformation and digitization and providing multiple electronic services to all the various sectors of the country.
Heba El-Awady, Chief Business Officer at Fawry, said: “The agreement highlights the bridging of international and local markets, demonstrating a commitment to creating a global impact while focusing on the specific needs of the Egyptian market.”
El-Awady added: “The agreement has a positive impact on the local community by creating opportunities for businesses to thrive, thereby contributing to economic growth.”
On the other side, Lydiaa Akram, founder and CEO of LA Market, confirmed that the cooperation helps to promote women’s empowerment by incorporating specific initiatives or programs within the partnership.
Akram said: “We are proud to be the ideal partner for “Fawry”, the leading company in the field of banking technology and electronic payments”.
She added: “we hope to benefit from Fawry’s sizeable experience and unique resources in the Egyptian market, and to combine the strengths of both companies to serve our customers better.”
Amila Africa Launches Amila Insights
Amila Africa Founder, Lethabo Sithole
Amila Africa is thrilled to announce the launch of Amila Insights, a revolutionary division that is committed to providing advanced analytics, research and comprehensive solutions for businesses, governments, and international organisations looking to achieve success in African markets. The company offers a range of services, including syndicated market intelligence reports, customized research solutions, high-level market access events, content development, and value communication.
As a budding pan-African and women-led advisory firm specialising in policy, enterprise and infrastructure development within the trade, investment and energy sectors, Amila Africa brings unparalleled expertise to the forefront with the launch of Amila Insights.
“With a focus on demystifying development trends and delivering data-driven analyses of opportunities across Africa, Amila Insights serves as the strategic partner organisations need to thrive in the region” said Lethabo Sithole, Managing Director of Amila Africa. “Our suite of services is meticulously designed to empower clients with the tools and knowledge necessary to drive growth and achieve sustainable success.”
With a steadfast commitment to collaboration and partnership, Amila Insights collaborates closely with clients to develop tailored solutions aligned with their specific goals and priorities. “By leveraging its extensive network and deep understanding of local dynamics, Amila Insights assists clients in identifying new opportunities, enhancing competitiveness, and optimising business strategies,” said Noluthando Mthonti-Mlambo, Executive Director at Amila Insights.
Amila Insights strives to be more than just a provider of information and data to clients. It aims to challenge the existing narratives on Africa, African businesses, countries, and multilateral organizations and become a trusted source of inspiration and change.
For businesses, governments, and international organisations seeking to unlock the vast potential of African markets, Amila Insights represents a compelling opportunity to gain useful insights into the complex, evolving and growing African market. With a focus on excellence and a dedication to delivering tangible results, Amila Insights stands ready to be the trusted partner organisation to rely on to navigate the dynamic landscape of African business.