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Agri Tech Firms Eye N6b From Livestock Sector

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  • Agri Tech Firms Eye N6b From Livestock Sector

Two Nigerian agric tech firms are eyeing about N6 billion returns annually on a partnership that is expected to support new discoveries in livestock and forage industries. This partnership will benefit farmers, producers and agribusinesses across the country.

The firms are Farmgate Africa, Nigeria’s agro-commodity aggregator platform and Livestock247.com, an online livestock market.

The returns are based on annually production of 24,000 healthy bulls, which each would be sold for N250, 000.

The partnership followed the recent launch of Farmgate Africa by Farmcrowdy Group, the umbrella company established to build agritech solutions that would help to achieve food security, food sustainability and growth in agriculture.

Co-Founder and Managing Director, Farmgate Africa Kenneth Obiajulu, said the two organisations have entered in a pact to support the growth of an innovative, competitive, and market-oriented livestock sector, saying Farmgate Africa has partnered Livestock247.com in piloting its first ever cattle feedlot in Adamawa State.

He said the first phase has been quite successful and this has seen the businesses scaling production to over 24,000 bulls with about 1,200 feedlot clusters in the Northeast, Northwest and Southern parts, operating through feedlot systems.

The partnership, Obiajulu said, is geared towards attracting investments to develop the country’s livestock sector.

He said both organisations will work in consultation with livestock experts and stakeholders to come up with relevant and realistic interventions to address the livestock financial and infrastructural challenges the industry is facing and to take advantage of available opportunities.

Obiajulu said the livestock industry has the potential to reduce poverty and promote food security.

He said the firms have identified opportunities for improvement, which include processing facility and feedlots that would improve the efficiency and environmental sustainability of its meat production.

Without a reliable supply of high-quality livestock, he said meat processors are unable to process sufficient volumes of high-value meat.

Notably, he said, the partnership is working to promote the modern feedlots to secure a sufficient and consistent supply of quality meat for production.

Slaughterhouse workers, according to him, would also be trained to operate the facilities correctly under standardised procedures.

He believed the partnership’s business model would help develop more reliable supply and an innovative scheme for helping smallholder farmers in the supply chain, improve productivity, incomes and livelihoods.

He said his organisation wants to build upon the industry’s competitiveness by advancing beef and forage production methods through research and innovations.

According to Livestock247.com Co-Founder and CEO, Ibrahim Maigari Ahmadu, Lagos slaughters over 6,000 cows a day, being the largest consuming livestock market in sub-Saharan Africa.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Appointments

Standard Bank Appoints Sanni Chief Executive for Africa

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The Standard Bank Group, Africa’s largest bank by assets has appointed Yinka Sanni as its new Chief Executive for Africa Regions and a member of the Group Leadership Council.

Sanni, the group’s Regional Chief Executive for West Africa, takes over from Sola David-Borha, who is retiring after 31 years of service to the banking group.

This was disclosed in a statement.

Sanni holds a B. Agric. (Hons) degree in Agricultural Economics from the University of Nigeria and an MBA from Obafemi Awolowo University. He attended the Advanced Management Programme at Harvard Business School in 2009, and the Global CEO Programme at the Wharton School in 2017. He has over 30 years of experience in the financial sector across wholesale, retail and asset management, and joined Standard Bank Group’s Nigerian subsidiary, Stanbic IBTC Bank Plc, in December 1990.

In a note to employees, Standard Bank Group CEO, Sim Tshabalala, congratulated Sanni on his appointment and thanked David-Borha for her extraordinary contributions to the group.

“Sola was appointed as the Chief Executive of Africa Regions in January 2017 and is one of the group’s most deeply expert and experienced bankers,” Tshabalala said.

“Under her leadership, the Africa Regions portfolio has grown remarkably in capacity, market share and contribution to the group’s headline earnings.”

David-Borha has been a passionate advocate of culture change and executive leadership development, having sponsored the ‘Last Mile’ programme, which has resulted in the successful promotion of talented people into both Regional Chief Executive and Country Chief Executive positions, including the appointment of two female Chief Executives in the Africa Regions business.

“It has been a great honour and privilege to serve and contribute to the growth of the Standard Bank Group,” David-Borha said.

“I am delighted to be handing over to Yinka Sanni, an exceptional, authentic and experienced leader who will take the baton forward in driving Africa’s growth.”

David-Borha will remain with the group until the end of June to ensure a successful leadership transition and handover process. Sanni’s appointment is effective from today, 15 April.

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Experts to Provide Insights on Tech & Digital Transformation at MSME Dialogue 3.0

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The third edition of MSME Dialogue will take place on Saturday, April 24, 2021 at 10am (WAT). Experts at the virtual event will provide insights while discussing the theme: Powering MSMEs with Technology and Digital Transformation.

The event, which is organized by MSME Africa, is expected to have owners and managers of Micro, Small and Medium Enterprises, Entrepreneurs and Business owners from different sector in attendance.

MSME Dialogue which holds every quarter, seeks to address, burning and relevant  issues about entrepreneurship and running a small business as well as proffering solutions to those issues.

The event aims to provide the right knowledge and know-how for MSMEs, Entrepreneurs, and Startups to enable them to grow and thrive and features subject matter experts, seasoned entrepreneurs, professionals, and players within the MSME Ecosystem.

The speakers expected at the event are: Akeem Lawal, Divisional CEO, Interswitch Group, Rex Mafiana: CEO, FPG Technologies, Fatma Nasujo, Global Head of Operational Excellence at Sokowatch, Kenya, David Lanre Messan, CEO, FirstFounders, Bisoye Coker, CEO/Co-founder, Kiakia FX. The session will be moderated by Solape Akinpelu: CEO/Founder, HerVest.

According to the convener of the event who is also the founder of MSME Africa, Seye Olurotimi “Every business owner who is serious with their business would agree with me that technology and digital transformation are important factors for business growth and success. We all can’t all run or won Tech startups but we can always drive our businesses and operations with Technology and Digital Tools”

“Tech-driven Businesses are making waves and turning in almost unbelievable results against all odds. Businesses who have embraced technology, automation and digital transformation are enjoying unquantifiable advantages. It is because of this that I am calling on business owners and managers to join us at the 3rd Edition of MSME Dialogue, on Saturday April 24, 2021 at 10am ( WAT), as we bring in experts to provide insights on this theme” Olurotimi added.

MSME Africa is a multi-faceted resource platform for Micro, Small, and Medium Enterprises (MSME) in Africa providing capacity development, news, opportunities, business articles and other resources for MSMEs, entrepreneurs, and startups.

Olurotimi said the platform was poised to build the biggest network and community of MSMEs in Africa in the nearest future.

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Ericsson Launches Automation Hub in Nigeria

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Ericsson

Ericsson announces plans to create an Automation Hub in Nigeria to support operators for improved consumer experience.

Ericsson Automation Hub is an open innovation platform, inspired by lean startup methodology in which the Ericsson team works in close dialog with customers, users and partners to showcase and reach the high potential that network automation allows in configuration, provisioning, assurance and orchestration of network services.

This will enable service providers to gain the ability in their environments to govern, manage and orchestrate hybrid networks holistically and in real time and as a result, offer an enhanced consumer experience.

Fields to be covered include but not limited to 5G and Internet of Things (IoT) use cases, Network Slicing and Orchestration, Hologram Calls, Complex Standalone, Business Support System (BSS) and Operations Support System (OSS), Cloud and Core product cases, Automated Acceptance Tests demonstration and enhancements as well as complex charging scenarios for 5G and 4G networks.

Lucky La Riccia, Vice President and Head of Digital Services at Ericsson Middle East and Africa at Ericsson says: “As Industry 4.0 accelerates in Africa, automation in operations is proven to boost customer experiences. Ericsson continues to support the telecom industry players in setting #AfricaInMotion, and with the Ericsson Automation Hub in Nigeria, we will focus on driving business outcomes for our partners in Africa as they aim to leverage digital transformation to turn complexities into opportunities while offering a greater experience and value to consumers.”

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