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Home News Africa News

Farmcrowdy unifies all Business Subsidiaries

Tech Gist Africa by Tech Gist Africa
07/23/2019
in Africa News, News
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Farmcrowdy unifies subsidiaries

Photo Credit: Independent.ng

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Farmcrowdy Group, the first digital agricultural platform in Nigeria has announced a unification of all its business subsidiaries. The unification of Farmgate Africa and Agricsquare was announced on the 23rd of July, 2019 during a press briefing attended by several members of the media. 

New Blog Post Farmcrowdy, Farmgate Africa and Agricsquare Now, Farmcrowdy https://t.co/r41RPQIKpN

— Farmcrowdy (@farmcrowdy) July 23, 2019

Farmcrowdy is an agritech company that connects small scale farmers across Nigeria to finance crowdfunded from individuals and corporate bodies who get bonuses from investments after a while. They also educate farmers on sustainable and highly efficient modern farm practices. Farmcrowdy operates across 14 Nigerian states and has over 25000 farmers signed under their platform.


See also: FarmRanger uses Technology to track Livestock in Southern Africa, and we find that interesting.


The combined company will now be referred to as Farmcrowdy. All sponsorship options available on their subsidiary business arm, Farmgate Africa will be integrated into the combined Farmcrowdy platform. Hence, sponsorship options like Beef processing, Ginger farms, Cattle farms, Poultry farms, etc. previously only available on the Farmgate Africa portal will now be on the combined platform. On the other hand, Agricsquare will continue as a product of Farmcrowdy – where agriculture enthusiasts can access agro-related articles.

Farmgate unified with farmcrowdy
Credit: blog.farmcrowdy.com

“The strategy had always been in the plan to attract more talent, expand Farmcrowdy’s reach in the agriculture value chain, and provide more options for sponsors on the platform” explained Onyeka Akumah, CEO and Founder of Farmcrowdy.

Agricsquare combine with farmcrowdy
Credit: twitter.com

Henceforth, Kenneth Obiajulu, the Managing Director of Farmgate Africa, will be in charge of the trading activities of the new company while the COO of Farmcrowdy, Temitope Omotolani will oversee the production aspect of the company. Other aspects of the business will run as normal.

Farmcrowdy’s decision to unify operations would help them gain more tractions in the agriculture value chain. They look forward to new partnership opportunities to increase current output, targets expansion into 4 new Nigerian states and extend their frontiers across Africa.

 

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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