Nigeria’s ThriveAgric Grabs Spot in 2022 Visa Everywhere Initiative Finals

Image

By Aduragbemi Omiyale

A Nigerian-based technology-driven agricultural start-up, ThriveAgric, has won the 2022 Visa Everywhere Initiative (VEI) for Central Europe, the Middle East, and Africa (CEMEA).

With this feat, apart from getting a monetary prize, the firm will get a spot in the finals of the global innovation program and competition for start-ups and fintech companies scheduled to hold in Qatar, in November 2022.

ThriveAgric was one of the 1,300 applicants which entered the competition from across the region, each with solutions aimed at delivering innovative payment and commerce solutions to consumers and businesses.

Co-founder of ThriveAgric, Mr Ayo Arikawe, while commenting on the feat, said, “Agriculture is at the centre of the Nigerian economy, yet the sector faces productivity-limiting challenges like access to finance, poor access to the market, and technical know-how. This is why our goal at ThriveAgric is to provide profitable support for smallholder farmers and enable food production efforts, leveraging technology.

“So, this partnership with Visa is a testament to the work we have put in so far and we look forward to scaling our solutions to more farmers.”

The Country Manager for Visa Nigeria, Mr Andrew Uaboi, stated that, “We have witnessed substantial growth in the fintech sector in Nigeria.

“Last year, Nigeria had the most entries from Central Europe, the Middle East and Africa, this year two indigenous startups made it to the finals with ThriveAgric emerging the winner. This is a clear demonstration of the country’s significance in the fintech sector, and the growth potential of the digital economy.”

ThriveAgric is a technology-driven agricultural company passionate about food security, that enables strategic partnerships with financial institutions & agriculture value chain players to provide smallholder farmers with capital (in form of agriculture inputs), data-driven best practices, access to local & global markets for their commodities, as well as financial, e-commerce, and payment services.

Meanwhile, another Nigerian company, Carepay, also made it to the final five and won the Audience Favourite Award.

CarePay is an aggregator of health services, driving accessibility and affordability of healthcare services through insurance and discount plans.

Share
Related Stories
Image
21-February-2024

Foundation Urges Nigerians to Adopt Waste Management Hierarchy

By Aduragbemi Omiyale A recycling organisation, Turn Plastic Recycling Foundation, has encouraged Nigerians to embrace the waste management hierarchy to make the country a zero-waste society. The Project Manager for the firm, Mr Leo Nwofa, while giving a summary of the project journey in the past two years of the foundation, said to save the planet, people must adopt the system of proper waste disposal for recycling after use. The waste management hierarchy gives top priority to waste prevention, followed by reuse, recycling, recovery and finally disposal. Speaking at an event to mark the second anniversary of Turn Plastic Recycling

Image
20-February-2024

EFCC to Arraign Six for Selling New Naira Notes

By Modupe Gbadeyanka About six persons have been arrested by operatives of the Economic and Financial Crimes Commission (EFCC) in Lagos for allegedly selling new Naira notes to customers. A statement from the agency said the suspects would be arranged in court on the conclusion of an ongoing investigation. The EFCC said the accused persons apprehended for their alleged involvement in currency racketeering and the sale of new naira notes for commercial purposes are Adebayo Amupitan, Alimat Oyebode, Isiaka Yusuf, Adeoti Folake, Kafayat Yakub, and Bose Lateef. It stated that they were picked up at various locations in Lagos, between

Image
21-February-2024

Sanwo-Olu to Address Lagosians Thursday

By Modupe Gbadeyanka The Governor of Lagos State, Mr Babajide Sanwo-Olu, will on Thursday, February 22, 2024, address residents of the state at 11:15 am. A statement from the Commissioner for Information and Strategy, Mr Gbenga Omotoso, on Tuesday night, said the Governor would have the engagement through a media chat. He explained that Mr Sanwo-Olu would use the platform to “announce some key policies on the welfare of all Lagosians” and give a scorecard of his administration since he was voted to lead them. The Commissioner stated that the media chat would be aired live by some radio stations,

More Stories
Image
04-November-2019

WeWork Receives $1.5bn Funding Package from SoftBank

A $1.5 billion funding package has been received by the We Company (WeWork) from SoftBank Group Corporation, which was an acceleration of the existing payment obligation, approved by WeWork’s shareholders at $11.60 per share. In connection with the completion of the $1.5 billion funding from SoftBank, several governance changes became effective today, including the reconstitution of the WeWork Board of Directors. As previously announced, the $1.5 billion payment and governance changes are part of an agreement with WeWork that has now been approved by WeWork shareholders, under which SoftBank will provide significant funding to the Company. The financing package includes

Image
13-June-2019

WorldRemit Introduces New Payment Package for Business Owners

Leading digital money transfer company WorldRemit has launched a new service that enables small and medium-sized business owners to quickly pay employees and contractors in 140 countries worldwide, including fast-growing markets such as Nigeria, Ghana, Kenya, and South Africa. The platform called WorldRemit for Business will first be available to registered businesses operating in the United Kingdom. WorldRemit’s low fees and exchange rates are shown up-front and customers can send money easily via the company’s website and app. By extending its money transfer service to SMEs, WorldRemit will save businesses time and money when they make international payments. Each year,

Image
16-October-2020

Allocation to FG, States, LGAs Drops 6.2% in September 2020

By Adedapo Adesanya The amount shared by the Federation Accounts Allocation Committee (FAAC) to the three tiers of government and relevant agencies dropped 6.2 per cent to N639.9 billion in September 2020 from N682.1 billion in August 2020. This was disclosed in a communiqué after the physical meeting of the committee for the month of October held at the Federal Ministry of Finance headquarters, Abuja. The meeting was the first since May due to the coronavirus pandemic and was chaired by the Permanent Secretary, Federal Ministry of Finance, Mr Aliyu Ahmed. The total distributable revenue of N639.9 billion comprised statutory

Image
13-May-2022

Kenya Holidays From Nigeria –How to Plan the Best Safari

Are you looking to go on Kenya Holidays from Nigeria? Here is a simple guide to a fantastic fun-filled, hassle-free safari to Kenya. Holidays are not an everyday event. They come once in a lifetime, and you don’t just wake up one day and head on a tour. It’s something that requires planning way in advance and some bit of research if that dream vacation is anything to go by. However, planning where to travel, time to travel, and the type of trip can be daunting. Here is where the travel agencies come into play. Although you have to part

Image
16-May-2017

She Leads Africa to Train Business Owners

By Modupe Gbadeyanka She Leads Africa has opened applications for the 2017 She Leads Africa Accelerator, a 3-month program designed to identify, support and fund the next generation of Nigeria’s brightest entrepreneurs. SLA’s 2017 Accelerator will take place in 4 locations across Nigeria – Abuja, Lagos Island, Lagos Mainland, and Kaduna. The 2017 Accelerator will consist of 1 week residencies in the four locations where entrepreneurs will receive training from the SLA team and business leaders and experts. During these residencies, entrepreneurs will be focused on business strategy, growth, marketing, finance and distribution. They will also receive a host of

Image
09-November-2021

Airtel Africa Shoots Index to 43,246.87 points, Market Cap to N22.569trn

By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 2.93 per cent on Monday on the back of significant gain by the shares of Airtel Africa, MTN Nigeria, Unilever Nigeria and others. This raised the All-Share Index (ASI) of the exchange higher by 1,232.37 points to 43,246.87 points from 42,014.50 points and jerked the market capitalisation higher by N643 billion to N22.569 trillion from N21.926 trillion. Airtel Africa was the best-performing stock yesterday with a growth of 10.00 per cent to trade at N858.00, followed by Red Star Express, which grew by 9.94 per cent to finish at N3.43.

Image
10-July-2020

Report Rates Comviva Tier 1 SMS Firewall Vendor

By Modupe Gbadeyanka The recent ROCCO SMS Firewall Performance Report has announced Comviva as Tier 1 SMS Firewall Vendor. The report reflects how SMS Firewall providers are perceived by Mobile Network Operators (MNOs) across performance criteria, which are fundamental to the delivery of SMS Firewall service. About 131 MNOs across 92 countries partook in the unique consumer-led research and the global leader in mobility solutions received an overall rating of 4.02 out of 5 from the exercise. From the 18 vendors looked into, Comviva was listed amongst the top five based on various performance criteria, like reliability, customer service, technical

Ad
Ad
Recent Stories
Image
22-February-2024

NASD Unlisted Security Index Depreciates by 0.77%

By Adedapo Adesanya A 0.77 per cent loss was suffered by the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, February 21 following profit-taking in three stocks. Aradel Holdings Plc went down by N49.50 during the session to close at N2,476.50 per share versus the previous day’s N2,526.00 per share, Central Securities Clearing System (CSCS) Plc depreciated by 37 Kobo to end the day at N19.63 per unit compared with Tueday’s closing price of N20.00 per unit, and FrieslandCampina Wamco Nigeria Plc deflated by 7 Kobo to settle at N74.43 per share, in contrast to the N74.50 per share it traded

Image
22-February-2024

Naira Appreciates at Official Market, Falls at Black Market

By Adedapo Adesanya The Naira appreciated against the United States Dollar in the official market and the and the peer-to-peer (P2P) windows of the foreign exchange (FX) market but depreciated in the parallel market on Wednesday, February 21 as several scare tactics to ease the weakening local currency continues. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the domestic currency gained 0.6 per cent or N8.66 on the greenback to close at N1,542.58/$1 compared with the previous day’s N1,551.24/$1. However, the Naira maintained stability against the Pound Sterling and the Euro in the spot market in the midweek session at

Image
22-February-2024

Crude Oil Jumps as Geopolitical Tensions Persist

By Adedapo Adesanya Crude oil appreciated on Wednesday as geopolitical tensions continued in the Middle East and traders assessed signs of near-term supply tightness. Brent crude was up by 69 cents or 0.8 per cent to $83.03 a barrel while the US West Texas Intermediate (WTI) crude jumped by 87 cents or 1.1 per cent to settle at $77.91 per barrel. Houthi attacks on commercial vessels in the Red Sea and Bab al-Mandab strait have continued to stoke concerns over freight flows through the critical waterway. The Iran-aligned Yemeni Houthis have carried out repeated drone and missile strikes since November in

Image
22-February-2024

Investors Recover N165bn as FBN Holdings, BUA Cement, Others Gain

By Dipo Olowookere The bulls recaptured the Nigerian Exchange (NGX) Limited on Wednesday after the bears dominated for two straight days as a result of panic selling due to the macroeconomic environment, especially with the poor performance of the Naira in the foreign exchange (FX) market. During the midweek session, the local bourse finished higher by 0.30 per cent on renewed bargain-hunting activities by investors. This raised the market capitalisation of the domestic exchange by N165 billion to N55.464 trillion from N55.299 trillion, as the All-Share Index (ASI) grew by 301.71 points to 101,362.38 points from 101,060.67 points. Business Post

Image
21-February-2024

Tinubu Appoints Kemi Nanna Nandap as Comptroller-General of Immigration

By Modupe Gbadeyanka The Deputy Comptroller-General (DCG) of the Nigeria Immigration Service (NIS), Ms Kemi Nanna Nandap, has been elevated to the post of the Comptroller-General of the agency. This followed her appointment by President Bola Tinubu, according to a statement issued by his spokesman, Mr Ajuri Ngelale, on Wednesday. The presidential aide disclosed in the statement today that the appointment of Ms Nandap will take effect from Friday, March 1, 2024. She is taking over from Mrs Caroline Wura-Ola Adepoju, whose term in office expires on February 29, 2024, the disclosure said. “President Bola Tinubu has approved the appointment

Image
21-February-2024

AFC to Pump $40m Into African Medical Centre of Excellence Abuja

By Adedapo Adesanya  African instrumental infrastructure solutions provider, Africa Finance Corporation (AFC), has signed an equity investment term sheet, pledging up to $40 million towards the construction of an Abuja-based hospital, the African Medical Centre of Excellence (AMCE). The quaternary-level multi-specialty medical institution developed by the African Export-Import Bank (Afreximbank) in collaboration with King’s College Hospital, London, aims to revolutionise healthcare in Africa. Hospitals across West Africa struggle with funding, lack of essential resources, and limited access in rural areas. This flagship facility in Abuja is a key part of Afreximbank’s network of healthcare facilities, actively countering brain drain, reducing

Image
21-February-2024

Oyo Reopens Shri-Balaji After Closure Over Pollution

By Aduragbemi Omiyale The industrial company sealed earlier this month nonconformity and adherence to environmental laws of Oyo State, Shri-Balaji Industries Limited, has been reopened. The facility was unsealed on Wednesday on the directive of the Commissioner for Environment and Natural Resource, Mr Abdulmojeed Mogbonjubola. The company, which engages in the recycling of waste tyres to produce Pyrolysis oil and carbon black and steel wire as by-products, was closed by the state government to protect the lives of residents of the area. A statement made available to Business Post disclosed that for it to be reopened, Shri-Balaji paid a fine

Image
21-February-2024

FG to Restructure, Recapitalise Bank of Agriculture for Better Value

By Adedapo Adesanya The federal government has revealed plans to recapitalise and restructure the Bank of Agriculture (BOA) to bolster Nigeria’s agricultural sector and achieve national food security. This was one of the core revelations made by the Vice President, Mr Kashim Shettima, during the first meeting of the National Council on Privatisation (NCP) for the year 2024 at the Presidential Villa, Abuja on Tuesday. He said there is a central role that BOA could play in achieving national food security, citing its extensive branch network across all senatorial districts in the country. Mr Shettima, however, expressed concern about the

Image
21-February-2024

Foundation Urges Nigerians to Adopt Waste Management Hierarchy

By Aduragbemi Omiyale A recycling organisation, Turn Plastic Recycling Foundation, has encouraged Nigerians to embrace the waste management hierarchy to make the country a zero-waste society. The Project Manager for the firm, Mr Leo Nwofa, while giving a summary of the project journey in the past two years of the foundation, said to save the planet, people must adopt the system of proper waste disposal for recycling after use. The waste management hierarchy gives top priority to waste prevention, followed by reuse, recycling, recovery and finally disposal. Speaking at an event to mark the second anniversary of Turn Plastic Recycling

Image
21-February-2024

Peter Obi Fumes as CBN Hikes Cargo Clearing Rate to N1,605/$1

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has once again increased the exchange rate for customs cargo clearance by 9 per cent or N133.06 from N1,472.76/$1 to N1,605.82/$1. The new rate, which has already been reflected on the Nigeria Customs Service (NCS) portal, will further dampen the hope of importers, and trigger an increase in the price of imported products like food, fuel, spare parts, and phones, among others. The CBN had recently reduced the exchange rate from N1,515.48/$1 to N1,472.756/$1 after the market eased following some recent policy steps. This review will be the 12th since the