Farmcrowdy Announces Unification of Portfolio Companies

Farmcrowdy has announced its strategy to make itself larger and more established by unifying all its companies.

Farmcrowdy is the first digital agriculture platform in Nigeria. Currently, it is operational in 14 states across Nigeria and over 25,000 farmers has been signed into the company’s programs.

The company recently entered partnership agreements with Best Foods Livestock and Poultry Ltd, a Nigerian seafood and livestock processing industry, and Livestock247, an online livestock marketplace. The goal of these agreements is to grow the Farmcrowdy’s livestock chain.

Together with its affiliates – Farmgate Africa and Agricsquare, Farmcrowdy announced the unification of all its companies. The target is to present a united front with a stronger footing in the agriculture value chain. The new unified company will deal with the production and trade side of commodities as well as promoting media for all the processes of agriculture and core crop farming.

Farmcrowdy is the announced name for the unified company, and the available sponsorship options for both Farmcrowdy and Farmgate Africa will now be present on the new Farmcrowdy platform while Agricsquare will keep running as a product of Farmcrowdy.

The Managing Director of Farmgate Africa, Kenneth Obiajulu, will run the trading aspect of the new company, and the Chief Operations Officer for Farmcrowdy, Temitope Omotolani, will oversee the production side.

According to the Founder and CEO of Farmcrowdy, the unification is to attract more talent and significantly expand the reach of the company in the agriculture value chain.

 

Top 4 Young CEOs in Nigeria and their Crazy Ideas

What crazy idea could make an individual under age-30 become one of the most recognized CEO in Nigeria, and also appear on Forbes list? Has this thought ever run through your mind?

Nigeria is home to powerful, strong and some of the most diligent people in the world. It boasts of CEO and entrepreneurs who have already being featured on Forbes entrepreneurs’ list and other rankings before the age of 40.

What do all these individuals have in common?
These individuals all had a crazy idea that they were determined to see succeed. They offer business solutions, impact on dynamic sectors, and inspire both old and young generations around the world.

Here is a list of some of these individuals who are excelling and making Nigeria proud as they own their lane.

  1. Evans Akanno (age, 29)

Evans Akanno, aged 29, is listed under the technology sector of the 2019 Forbes 30 under 30 list. In 2015, Akanno launched his idea to nurture talents and help brands make smart impressions, called Cregital.

It is a tech and creative agency that specializes in web development and design, digital marketing, branding, videography and photography, applications and software building as well as graphics design. Today, Cregital has been able to make noteworthy achievements in the tech and creative space in Nigeria.

  1. Ijeoma Balogun (age, 29)

Ijeoma Balogun is listed under the Business section of the Forbes list. How did this happen? She started her career at the age of 18 as a contributor to BellaNaija, one of Nigeria’s top entertainment website, and she had a “crazy” idea to start her own PR firm at a young age.

Now, she is the founder and CEO of Redrick PR, a boutique public and media relations agency specialising in developing, creating and executing strategic and innovative PR campaigns for Lifestyle, Retail and Corporate brands.

  1. Fred Oyetayo (25)

Another giant in the technology space, Fred Oyetayo is the founder and CEO of Fresible. Besides appearing in the technology sector of the 2019 Forbes list, Fred has also been named to SME 100 Africa’s 25 Under 25.

His idea “Fresible” was launched in 2008 as a creative digital innovation agency which specializes in accelerating change within organizations through technology. He translated his creative experience in building and shaping brands into a company that is making waves today.

  1. Silas Adekunle (age 26)

Known for his passion for robotics, Silas Adekunle is the first technology entrepreneur to invent an intelligent gaming robot. In November 2018, he was named to the Financial Times’ list of the “Top 100 minority ethnic leaders in technology”. This preceded his naming under the technology sector of the 2019 Forbes list.

He is the co-founder of Reach Robotics, an augmented reality gaming company focused on creating robots for gaming and STEM education.

 

The New HUAWEI Y9 Prime 2019: A smartphone that offers it all for a budget-friendly price

The Huawei Y9 Prime 2019 with its panoramic viewing experience, auto pop-up selfie camera, 4000mAh and other topnotch features is the latest tech trend today.

Huawei Y9 Prime 2019, labelled as the “pop-up camera smartphone king with a reasonable-level price” has finally landed in Nigeria! The phone is powerful and trendy, and it packs stunning innovations that are usually found in top-rated devices.

One of the top features of this 6.59” Huawei smartphone is its ultra fullview/ display which is free of sliders, holes or notches, providing a seamless viewing experience. This design is eye-catching and is ideal for users who want only a full screen can have an experience like no other as they watch movies, play games, or browse through apps on the phone

Huawei implemented an incredible selfie camera that pops up. As the bezel-less design is free of all notches, the front camera is placed at the top of the phone. It activates automatically when a user is posed for a selfie.

On the device’s back camera, there are three different cameras. The 16 MP + 8 MP cameras help users to capture images with high contrast, clarity and top quality. Meanwhile, there is a 2 MP camera that works together with the 16 MP camera to provide users with pictures that boast of a lifelike field depth.

With the big 4000mAh battery on this devices, outstanding performance is guaranteed as users can stream videos and play games for a long period without worrying about charger breaks or a dead battery.

Nigerians can now take better shots with Auto Pop-up camera and its FullView display for only N83,900. Starting from today, the Y9 Prime 2019 now retails in all Huawei Experience stores and other retailers nationwide.

Microsoft to Invest $1 Billion in OpenAI

The San Francisco-based OpenAI aims to build artificial general intelligence, and on the 22nd of July, 2019, Microsoft Corp announced that it would be investing $1 billion in multi-year partnership with OpenAI.

The ambitious goal of this partnership is to develop supercomputing artificial intelligence technologies. Besides this, it is reported that OpenAI will license some of its tech for Microsoft to commercialize, though the specific tech involved and the date of occurrence is yet to be announced.

Founded in 2015 as a non-profit following the $1 billion funding from Silicon Valley investors Peter Thiel, Sam Altman, and LinkedIn co-founder, Reid Hoffman, OpenAI has since then employed artificial intelligence researchers to make great leaps in the field.

OpenAI has focused on the social implications and safety of AI, researching how realistic news stories can be generated by computers with only headline suggestions, among others.

According to the group, the investment of Microsoft will help it focus better on “artificial general intelligence” often called AGI. The aim of AGI is to develop a computing system with the ability to master a subject or a field even better than the best humans.

Microsoft and OpenAI jointly said that the latter group would exclusively move several of its services to Microsoft’s Azure. Thus, the Microsoft company, from henceforth, is the “preferred” company to commercialize OpenAI’s new services

Bike Startups – Oride, Gokada, Max – in Lagos to Pay a 25-million-naira License Fee Annually

A while ago, bike-hailing startups started appearing on Lagos roads as a solution to the constant traffic. Now, when they are about to take off fully, the Lagos state government slams a 25 million license on these startups.

The state government has proposed a new regulation that requires the bike-hailing startups in the state to pay an annual licensing fee of N25 million per 1, 000 bikes. Even more, an additional N30, 000 will be paid for each bike rider registered after the 1,000 bikes-mark.

Though a TechCabal source informs that the proposed license is still in its early stage, the plan is very much in motion.

The news of the proposed license fees comes at a time when the bike riders for these startups have complained of extortion from the terror on Lagos roads. The transport unions, popularly known as “agbero boys”, now force these bike riders to pay tickets before operating in the state. This issue has hobbled operations as several riders are forced to boycott areas like Mushin, Egbeda and Surulere to avoid paying these levies.

In hindsight, while this licensing fee might stop the recent issues with the road transport unions, it appears to be “too-high-a-sum” for the startups.

Besides, if it comes into play, this licensing fee will most likely stifle market competition as it will discourage new bike-hailing startups from setting up.

Also, this proposed regulation might pose a problem to the startups with expansion in other states. As, if it works in Lagos state, the governments of other states may be tempted to also impose similar regulations, which would translate into more fees to be paid by the startups as they expand.

Now, we can only watch and wait to see what becomes of the proposed license fee.