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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

    Modernizing & Improving Market access for women in Agribusiness

    Agriwoman Marketplace Returns Energetically after a short break, expecting to draw about 50 Women in Farming, Marketing and related Agribusiness Value chain Activities for its 13th Edition

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    Fiifi Kwetey to represent fmr President Mahama at the Nebraska-Ghana Trade and Investment forum

    Fiifi Kwetey to represent fmr President Mahama at the Nebraska-Ghana Trade and Investment forum

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    “All Roads Lead to Bamvim as Agrihouse Foundation Gears Up for the 13th Annual Pre-Harvest Agribusiness Exhibition Conference Launch”

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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

    Modernizing & Improving Market access for women in Agribusiness

    Agriwoman Marketplace Returns Energetically after a short break, expecting to draw about 50 Women in Farming, Marketing and related Agribusiness Value chain Activities for its 13th Edition

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

    “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

    Agrihouse Foundation and GhaNeb LLC Partner, to Create Agribusiness Trade and Investment Opportunities for Ghanaian Agribusinesses in Nebraska

    Agrihouse Foundation and GhaNeb LLC Partner, to Create Agribusiness Trade and Investment Opportunities for Ghanaian Agribusinesses in Nebraska

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    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Brazil declares 180-day animal health emergency amid avian flu cases in wild birds

    Brazil declares 180-day animal health emergency amid avian flu cases in wild birds

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    Dutch Livestock Farmers to Receive Payment for Halting Operations

    African Swine Fever Outbreaks Boost China’s Pork Production to Record High

    African Swine Fever Outbreaks Boost China’s Pork Production to Record High

    Massive Explosion at Texas Dairy Farm Claims Lives of 18,000 Cows

    Massive Explosion at Texas Dairy Farm Claims Lives of 18,000 Cows

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    Seafarers cautioned to observe all vessel safety precautions – NAFAG

    Seafarers cautioned to observe all vessel safety precautions – NAFAG

    Australia: Crop exports set for record high after heavy rains

    Australia: Crop exports set for record high after heavy rains

    North Korea: Kim Jong Convenes Meeting to Strengthen Country’s Economy & Agri Sector Fearing Food Shortage

    North Korea: Kim Jong Convenes Meeting to Strengthen Country’s Economy & Agri Sector Fearing Food Shortage

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    Agri-Sports Meets Agribusiness: Meet Coach Eric, Guide and Drills Mentor at the 5-day bootcamp

    Agri-Sports Meets Agribusiness: Meet Coach Eric, Guide and Drills Mentor at the 5-day bootcamp

    Meet Participating Schools for the 6th AG-STUD Boot camp 2023

    Meet Participating Schools for the 6th AG-STUD Boot camp 2023

    AG-STUD 2023 to host Motor King Manufacturer, Madam Nora Gao as mentor for the 5-day Bootcamp

    AG-STUD 2023 to host Motor King Manufacturer, Madam Nora Gao as mentor for the 5-day Bootcamp

    UGBS With Funding From A.M.G Limited Commissions Innovation and Incubation Hub

    UGBS With Funding From A.M.G Limited Commissions Innovation and Incubation Hub

    OCP Africa Pledges Financial Support towards Agric Projects in O’Reilly and Accra Academy Senior High Schools

    OCP Africa Pledges Financial Support towards Agric Projects in O’Reilly and Accra Academy Senior High Schools

    Hon. Dr. Zanetor Agyeman-Rawlings Donates 3 Laptops to Support Agric Students

    Hon. Dr. Zanetor Agyeman-Rawlings Donates 3 Laptops to Support Agric Students

    Vice President Mahamudu Bawumia to Mentor Agric Students and Beginner Agribusinesses

    Vice Prez, Dr. Bawumia Pledges Support for Agric Students

    Agribusiness students urged to explore value chain opportunities through digitalization

    Agribusiness students urged to explore value chain opportunities through digitalization

    Change Your Poor Perceptions about Agric Students, 5th AG-STUD Campers Call on Teachers and Mates

    Change Your Poor Perceptions about Agric Students, 5th AG-STUD Campers Call on Teachers and Mates

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      “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

      “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

      Unscrupulous Persons Diverting Cocoa Fertilizers and Agri-Inputs – COCOBOD

      Unscrupulous Persons Diverting Cocoa Fertilizers and Agri-Inputs – COCOBOD

      PFJ Seed Suppliers Beg for GH¢207m Debts

      PFJ Seed Suppliers Beg for GH¢207m Debts

      Nat’l Biosafety Authority Approves First GM Crop

      Nat’l Biosafety Authority Approves First GM Crop

      CSIR – SARI Develops Technology to Increase Yield of Legumes

      CSIR – SARI Develops Technology to Increase Yield of Legumes

      Assin-Fosu MCE Urges Graduates to Venture into Sustainable Agriculture

      Assin-Fosu MCE Urges Graduates to Venture into Sustainable Agriculture

      Consider Neem Oil as Organic Pest Control Agent— Expert advocates

      Consider Neem Oil as Organic Pest Control Agent— Expert advocates

      8th Monthly ‘Agri-Woman Marketplace’ Set for Friday, November 12

      8th Monthly ‘Agri-Woman Marketplace’ Set for Friday, November 12

      Digitalization Needs Agric & Agric Needs Appropriate and Innovative Digital Systems— Agrihouse Foundation Director

      Digitalization Needs Agric & Agric Needs Appropriate and Innovative Digital Systems— Agrihouse Foundation Director

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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

    Modernizing & Improving Market access for women in Agribusiness

    Agriwoman Marketplace Returns Energetically after a short break, expecting to draw about 50 Women in Farming, Marketing and related Agribusiness Value chain Activities for its 13th Edition

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    Fiifi Kwetey to represent fmr President Mahama at the Nebraska-Ghana Trade and Investment forum

    Fiifi Kwetey to represent fmr President Mahama at the Nebraska-Ghana Trade and Investment forum

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    “All Roads Lead to Bamvim as Agrihouse Foundation Gears Up for the 13th Annual Pre-Harvest Agribusiness Exhibition Conference Launch”

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    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    Dr. zanetor’s Monthly Agribusiness Skills and Jobs for the Youth Roadshow Bounces Back for its Third Edition

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Register Now as an Exhibitor or Trainee for the Fifth Livestock, Poultry, and Fisheries Tradeshow

    Celebrating 13 Years of Connecting Farmers, Input Dealers and Processors to Market- Pre-Harvest the Path Way

    13th Annual Pre-Harvest Agribusiness Exhibition and Conference Launched

    Modernizing & Improving Market access for women in Agribusiness

    Agriwoman Marketplace Returns Energetically after a short break, expecting to draw about 50 Women in Farming, Marketing and related Agribusiness Value chain Activities for its 13th Edition

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    Fifth Monthly Executive Beginner Agribusiness Masterclass to Focus on Yogurt Making and Dried Fruit Production

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    NRCC Pledges Collaboration with Agrihouse Foundation to Develop Its 10 Acre Bamvim Land into A Model Agricultural Site 

    “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

    “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

    Agrihouse Foundation and GhaNeb LLC Partner, to Create Agribusiness Trade and Investment Opportunities for Ghanaian Agribusinesses in Nebraska

    Agrihouse Foundation and GhaNeb LLC Partner, to Create Agribusiness Trade and Investment Opportunities for Ghanaian Agribusinesses in Nebraska

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    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    First Nebraska -Ghana Trade and Investment Program and Husker Harvest Days Ends Successfully

    Brazil declares 180-day animal health emergency amid avian flu cases in wild birds

    Brazil declares 180-day animal health emergency amid avian flu cases in wild birds

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    Dutch Livestock Farmers to Receive Payment for Halting Operations

    African Swine Fever Outbreaks Boost China’s Pork Production to Record High

    African Swine Fever Outbreaks Boost China’s Pork Production to Record High

    Massive Explosion at Texas Dairy Farm Claims Lives of 18,000 Cows

    Massive Explosion at Texas Dairy Farm Claims Lives of 18,000 Cows

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    LIVESTOCK-CME live cattle hit record high as meatpackers scramble for supplies

    Seafarers cautioned to observe all vessel safety precautions – NAFAG

    Seafarers cautioned to observe all vessel safety precautions – NAFAG

    Australia: Crop exports set for record high after heavy rains

    Australia: Crop exports set for record high after heavy rains

    North Korea: Kim Jong Convenes Meeting to Strengthen Country’s Economy & Agri Sector Fearing Food Shortage

    North Korea: Kim Jong Convenes Meeting to Strengthen Country’s Economy & Agri Sector Fearing Food Shortage

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    Agri-Sports Meets Agribusiness: Meet Coach Eric, Guide and Drills Mentor at the 5-day bootcamp

    Agri-Sports Meets Agribusiness: Meet Coach Eric, Guide and Drills Mentor at the 5-day bootcamp

    Meet Participating Schools for the 6th AG-STUD Boot camp 2023

    Meet Participating Schools for the 6th AG-STUD Boot camp 2023

    AG-STUD 2023 to host Motor King Manufacturer, Madam Nora Gao as mentor for the 5-day Bootcamp

    AG-STUD 2023 to host Motor King Manufacturer, Madam Nora Gao as mentor for the 5-day Bootcamp

    UGBS With Funding From A.M.G Limited Commissions Innovation and Incubation Hub

    UGBS With Funding From A.M.G Limited Commissions Innovation and Incubation Hub

    OCP Africa Pledges Financial Support towards Agric Projects in O’Reilly and Accra Academy Senior High Schools

    OCP Africa Pledges Financial Support towards Agric Projects in O’Reilly and Accra Academy Senior High Schools

    Hon. Dr. Zanetor Agyeman-Rawlings Donates 3 Laptops to Support Agric Students

    Hon. Dr. Zanetor Agyeman-Rawlings Donates 3 Laptops to Support Agric Students

    Vice President Mahamudu Bawumia to Mentor Agric Students and Beginner Agribusinesses

    Vice Prez, Dr. Bawumia Pledges Support for Agric Students

    Agribusiness students urged to explore value chain opportunities through digitalization

    Agribusiness students urged to explore value chain opportunities through digitalization

    Change Your Poor Perceptions about Agric Students, 5th AG-STUD Campers Call on Teachers and Mates

    Change Your Poor Perceptions about Agric Students, 5th AG-STUD Campers Call on Teachers and Mates

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      “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

      “Connecting the Unconnected” – 13th Annual Pre-Harvest Agribusiness exhibition and conference Slated for October 24-26

      Unscrupulous Persons Diverting Cocoa Fertilizers and Agri-Inputs – COCOBOD

      Unscrupulous Persons Diverting Cocoa Fertilizers and Agri-Inputs – COCOBOD

      PFJ Seed Suppliers Beg for GH¢207m Debts

      PFJ Seed Suppliers Beg for GH¢207m Debts

      Nat’l Biosafety Authority Approves First GM Crop

      Nat’l Biosafety Authority Approves First GM Crop

      CSIR – SARI Develops Technology to Increase Yield of Legumes

      CSIR – SARI Develops Technology to Increase Yield of Legumes

      Assin-Fosu MCE Urges Graduates to Venture into Sustainable Agriculture

      Assin-Fosu MCE Urges Graduates to Venture into Sustainable Agriculture

      Consider Neem Oil as Organic Pest Control Agent— Expert advocates

      Consider Neem Oil as Organic Pest Control Agent— Expert advocates

      8th Monthly ‘Agri-Woman Marketplace’ Set for Friday, November 12

      8th Monthly ‘Agri-Woman Marketplace’ Set for Friday, November 12

      Digitalization Needs Agric & Agric Needs Appropriate and Innovative Digital Systems— Agrihouse Foundation Director

      Digitalization Needs Agric & Agric Needs Appropriate and Innovative Digital Systems— Agrihouse Foundation Director

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Home National News Agribusiness

Agricorp International Commits $17.5m to Boost Productivity

by AgriWatch
2 years ago
in Agribusiness, Crops, International News, News in Africa
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AGRICORP International, a Nigerian agricultural company renowned for the production of spices, processing and exporting company has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes per annum.

This fund was raised from Vami Nigeria, One Capital LLC and AFEX. Nigerian-based Vami led the funding round with $11.5 million in equity, while the other investors provided working capital financing for the company. Ernst & Young (Nigeria) served as transaction advisers while Elisio Law Office and Pavestone Legal served as legal advisers.

Founded in 2018 by Kenneth Obiajulu and Wale Omotimirin, Agricorp is contributing to meeting the growing demand of spices as an export material. Data from Nigeria’s Ministry of Agriculture shows that despite being the third highest exporter of ginger globally, Nigeria’s ginger production is put at 31 million MT while demand is put at 65 million MT, leaving a gap of 34 million MT. While Nigeria accounts for more than 16% of the global production of ginger, it gets less than 4% of the export market share.

Agricorp’s CEO, Kenneth Obiajulu, said, “We believe that by increasing our capacity to 7,000MT, we will maximise the potentials to boost Nigeria’s forex earnings through export, contribute our quota to improving the Nigerian GDP from agriculture and serve as a worthy model to African youths who aspire to be agribusiness owners. We want to show them it is possible and very rewarding as well.”

According to lead investors, Vami Nigeria, “we led the round because we saw a clear growth path, strong social impact, excellent financial trajectory, and global collaborations with key partners. Most importantly, the depth of knowledge, passion, and resilience of the team is unrivalled.

Managing Director at AFEX, Samirah Ade-Adebiyi, said: “our other businesses have transacted with Agricorp on several occasions and have seen the business grow over time. Now, we are committed to providing the working capital they require to scale their operations at any level”.

Since its launch in Nigeria in November 2018, Agricorp has supported over 5,000 smallholder farmers with inputs and training on good agronomic practices. It has built a 0.5MT/hour spice processing plant in Kaduna, Nigeria that produces value-added products for the export market. It has also used its proprietary technology, Farmbase to register, aggregate, and pay farmers for produce sold.

In a market where farmers are largely undocumented and unbanked, Agricorp collates data that can help provide detailed analysis for stakeholders (i.e. government, agribusiness, private companies and donor organisations among others) to make informed agricultural decisions. It also helps with traceability of all farmer activities from the need for farm input to disbursement to sales of produce and eventually, payment. Financial institutions can also use this information to provide loans, credit facilities, and insurance to interested parties.

It will take a bold approach to put Nigeria on the global export radar by leveraging investments to build simple processing systems for spices and other agro products. Agricorp aims to be that bold company standing at the forefront of enhancing global food systems.
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