Farmcrowdy merges portfolio companies to a unified entity
During a briefing to herald the unification process in Lagos, the company described the development as a very significant step for Farmcrowdy, as it will allow the combined entity to have a stronger foothold in the agriculture value chain, by dealing with core crop farming processes, production, and trading commodities, as well as marketing.
With the merger, the Managing Director of Farmgate Africa, Kenneth Obiajulu will oversee the trading aspect of the new entity, while the Chief Operations Officer for Farmcrowdy, Temitope Omotolani, will continue to oversee the production side (Crop production, feedlot production, and others).
According to the Founder and CEO, Onyeka Akumah: “The combined companies will now be referred to as Farmcrowdy, and shortly after the announcement, all sponsorship options available from both platforms (Farmcrowdy and Farmgate Africa) will now reflect on the combined Farmcrowdy Platform, sponsorship options such as; Beef processing, Ginger farms, Cattle farms, Poultry farms, and others, previously only available via Farmgate Africa and Farmcrowdy will now be open to sponsorship on the Farmcrowdy platform to sponsors from both entities.
“Agricsquare will, however, continue to be run as a product of Farmcrowdy – the largest community of Agriculture enthusiasts in the country with over 20,000 people engaging daily to discuss agriculture-related topics.”
He said as a company, Farmcrowdy is operational in 14 states across Nigeria and has signed up over 25,000 farmers into its programme, who have cultivated over 16,000 acres of farmland across the country. “Farmcrowdy has also recently partnered with Livestock247, an online livestock marketplace and Best Foods Livestock and Poultry Ltd, a leading name in the livestock and seafood processing industry to grow its livestock chain.
“Following the recent spurious claims made by a Twitter user against the company, which has since been proven to be false, Farmcrowdy is making a bold statement that the business is as solid as ever with this announcement.”
He said the new Farmcrowdy will now be looking to new partnerships to continue to grow more crops as it targets expansion into four new states, while increasing its current supply of over 50 cows fit for slaughter per day, to a supply of 100 cows per day by the end of the year made available to top retailers, hotels, and eateries across the country.
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