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AB InBev Offers $100k Grant for 2022 100+ Accelerator Program

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100+ Accelerator Program

By Dipo Olowookere

Startups providing solutions to key sustainability challenges in the world could get business funding of up to $100,000 if they submit entries for the 2022 100+ Accelerator Program put together by AB InBev, the world’s largest brewer and parent company of International Breweries Plc.

The initiative is a collaborative effort with The Coca-Cola Company, Colgate-Palmolive Company and Unilever. Together, the four corporate partners have been overhauling supply chains and scaling innovative solutions that create a better, more sustainable world and a new way of doing business.

A statement issued on Monday disclosed that interested companies have till April 30, 2022, to submit their applications and they must provide ways to capture atmospheric CO2, industrialise photosynthesis to expand food supply, transform waste into reusable packaging, treat soil and air pollution, generate renewable energy from organic waste, among others.

The 100+ Accelerator was founded in 2018 by AB InBev to engage and assist startups by providing solutions to key sustainability challenges for large global corporate partners.

It delivers six months of remote programming and training to accelerate the collaboration and growth of cohort companies in addition to a pilot or alliance with partner companies and a grant given for the execution of the project.

One of the beneficiaries of the scheme, Nuha Siddiqui, who is the CEO of Erthos, stated that, “The 100+ Accelerator played a transformational role in our technology validation and business trajectory.

“By unlocking an opportunity to pilot our solution with a company like AB InBev, we were able to build a more compatible and sustainable solution to existing value chains.

“Our plant-powered alternatives to plastics will be launching for the first time with AB InBev and have since sparked additional interest from more than 50 other CPGs, brands and manufacturers globally. Thanks to the 100+ Accelerator, we are now one step closer to making all single-use plastics plant-powered for our planet.”

Speaking on the benefits of the program to entrepreneurs, the Legal and Cooperate Affairs Director of International Breweries Plc, Ms Temitope Oguntokun, said, “Sustainability focused start-ups are very crucial if we must attain the target of a cleaner and safer world.

“International Breweries Plc on its part has gained international recognition for its role in making the world a better place by setting high standards when it comes to achieving the sustainability development goals.”

On her part, the entrepreneurship lead Europe, AB InBev, Ms Anna Voronkova, stated that, “Since its inception, the 100+ Accelerator has driven projects globally across a diverse range of sustainability challenges from water sanitation to reducing microplastics.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Co-founder of Bukka Hut Laolu Martins Dies After Battle With Depression

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Laolu Martins Bukka Hut

By Module Gbadeyanka

An investment banker and co-founder of Bukka Hut, Mr Laolu Martins, has died.

He was said to have kicked the bucket in the early hours of Tuesday.

Mr Martins has allegedly been battling with depression and had made efforts to overcome it, according to reports.

His family, which confirmed his demise in a statement on Wednesday, asked for understanding and privacy as they mourn him.

“We hereby solicit the support and understanding of everyone as the family grieves the loss of our beloved Laolu in our privacy.

“Our kind request is that you support the family – wife, children, aged mother and father and his siblings with your prayers at this difficult time.

“Further announcements will be made by the family,” the statement said.

Mr Martins established Bukka Hut with his friend, Mr Rasheed Jayeola. The company is a leading a restaurant that offers a wide variety of tasty homemade meals.

Co-founder of Bukka Hut Laolu Martins Dies After Battle With Depression
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NDLEA Sets Ablaze N194bn Cocaine Seized in Lagos

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NDLEA cocaine

By Modupe Gbadeyanka

The 1.8 tonnes of cocaine worth N194 billion recovered by the National Drug Law Enforcement Agency (NDLEA) from a warehouse in the Ikorodu area of Lagos last week has been set ablaze.

The illicit drug was burnt on Tuesday, September 27, 2022, in the Badagry area of Lagos and was witnessed by the Chairman/Chief Executive of the agency, Mr Buba Marwa.

Mr Marwa, represented by the Director of Prosecution and Legal Services, Deputy Commander General of Narcotics (DCGN), Mr Sunday Joseph, said the cocaine was set ablaze following an order of the Federal High Court in Lagos.

He said the sheer volume of the drug haul speaks volumes about the extent of the nefarious activities of the drug underworld, noting that this has made it imperative for Nigerians to continue to support NDLEA in the renewed war against illicit drugs.

The NDLEA chief said out of the 1.8-tonne seizure, 1,828 blocks of the cocaine will be crushed and set ablaze, while the remnant will be secured for the purpose of prosecution of the suspects who were brought to witness the procedure and sign the certificate of destruction.

According to him, the agency is proceeding with the prosecution of those arrested in connection with this consignment, promising that the organisation will pursue the trial to a logical conclusion.

“Since January 25, 2021, when we commenced our offensive action against drug traffickers, the Agency has secured record convictions.

“Presently, 2,904 drug offenders are serving various jail terms, while other cases are ongoing in court, which we are confident will end in positive results too,” he was quoted as saying in a statement signed by the spokesman of the agency, Mr Femi Babafemi.

While soliciting more support for the agency’s work, Mr Marwa said the safety of society was the responsibility of every citizen.

He said the fact that the Ikorodu operation was conducted clinically without any skirmish or bloodshed was further testimony to the evolution of the NDLEA and its new capabilities and a pointer to the fact that the game has changed in the war against illicit drugs.

He expressed appreciation to the organisation’s international partners, especially the American Drug Enforcement Administration (US-DEA), which supported the cocaine syndicate bust and the Nigerian military that provided additional firepower during the operation, as well as other law enforcement agencies that have been supporting efforts to rid Nigeria of illicit drugs.

The NDLEA had in a well-coordinated and intelligence-led operation that lasted two days last week, stormed a hidden warehouse at 6 Olukunola Street, Solebo Estate, Ikorodu. Five suspects, including a Jamaican, were arrested.

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Afenifere’s Support for Peter Obi Good for Nigeria’s Unity—SERG

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Peter Obi indices of development

By Modupe Gbadeyanka

The endorsement of the candidate of the Labour Party, Mr Peter Obi, by a pan-Yoruba socio-political group, Afenifere, has been applauded by a pan-Igbo socio-political pressure organisation, the South East Revival Group (SERG).

In a statement issued in Abuja by the president and national coordinator of SERG, Mr Willy Ezugwu, the group said the support for the former Governor of Anambra State for the 2023 presidential election was good for the unity of Nigeria.

The leader of Afenifere, Pa Ayo Adebanjo, had said for equity, justice and fairness, the organisation would be throwing its weight with the candidate of Igbo extraction as it was the turn of the South East to govern Nigeria.

“The unequivocal support coming from credible South West political bloc, which the Afenifere represents, is a support for equity and justice, which will boost Nigeria’s national unity,” SERG said.

It maintained that “the renewed declaration of support for the Peter Obi presidential bid, alongside his running mate, Yusuf Datti Baba-Ahmed, by the Afenifere has demonstrated that there are still individuals and groups around who love the country and would sacrifice anything to keep Nigeria united and prosperous.

“The support by Afenifere is in line with the advocacy sustained by the former Executive Governor of Kaduna State and elder statesman, Alhaji Balarabe Musa, ahead of the 2023 general elections before his death.

“Alhaji Balarabe Musa had urged Nigerians to give the South East the chance to produce the next President of Nigeria in 2023 to give the region a sense of belonging.

“We, therefore, totally agree with Pa Adebanjo that by the Afenifere’s support, the group is contributing to shaping Nigeria into a truly Federal Republic where no person or ethnic nationality would be sidelined or oppressed.

“We recognize the fact that Afenifere, as well as the Southern and Middle Belt Leaders Forum, have been consistent in their advocacy for restructuring and, by extension, the need for a Nigerian President of South East extraction as part of efforts towards national integration.

“With this reiterated endorsement from the Afenifere against all odds, it should now sink into the minds of all Nigerians, especially South East political leaders, that the Peter Obi presidential bid is devoid of ethnic colouration and must be embraced by all and sundry in Igboland.

“We, therefore, call on all Igbo sons and daughters to join the support train, not because Peter Obi is an Igbo but because he has proven to be competent with a reasonable understanding of Nigeria’s problems and how they can be fixed.

“Nigeria is greatly troubled in every sector, with complications from security challenges as evident in all parts of the country, and we need urgent rescue from total collapse.

“Peter Obi has a track record of integrity, competence, and proven performance and has expressed his readiness to work with Nigerians of all tribes and religions to make the country work again by focusing on production, which will boost the country’s economy and return the country to the path of recovery and prosperity,” the SERG said.

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