FARMATRIX, an app created to bridge the gap between buyers and suppliers of agro products has emerged winner at the grand finale of Gitex Africa Startup Road show in Kaduna, where local startup owners showcased their ideas.
Led by Nyifarmu Manzo, the firm stood out for its mobile/web-based Ag-Tech platform facilitating trade, storage, and delivery of agricultural commodities and has generated over N70m since its launch.
The competition, organised by Pinnacle International Consulting LLC, a USA- based subsidiary of Gitex, featured startup owners from Kaduna, competing for spots in the upcoming Gitex show in Marrakech, Morocco.
The President and CEO of Pinnacle International Consulting LLC, Akande Ojo, explained that Farmatrix will be joining SpecX Care Limited, a health care innovation app that came second, to partake in the Northstar Africa startup competition later this year.
The Senior Special Assistant to the Kaduna State Governor on ICT, Shuaib Bello revealed that the Governor is committed to attracting more investors to the state.
He said the state has infused N250m into local startups and has acted as venture capital with potential returns. “This fund is designed to revolve, allowing subsequent investments once profits are realised. The strategic partnership between Governor Uba Sani and the Dubai World Trade Centre paved the way for this Gitext Roadshow 2024,” he added.
