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K2 Blog & News

No fewer than 2500 youth below 45 years, have been trained in the Business Repositioning Summit, held by Ultimate Destiny Uplifters Foundation, UDUF, in Onitsha.

The summit which held at C.J. Patterson Auditorium, All Saints Cathedral Onitsha Anambra State, entitled, Under 45 CEO’s Business Summit, in an initiative of UDUF, designed from the of its objective number four and to cushion the effect of COVID-19 on businesses.

UDUF objective number four among, other things, includes engaging and empowering individuals and families, particularly young business owners, entrepreneurship students and unemployed youths with resources to achieve their career goals.

In September 2021, Nairametrics reported that food processing startup, Tomato Jos, a private equity-backed, social enterprise agric company was awarded a N494 million grant by the USAID-funded West Africa Trade & Investment Hub (Trade Hub) to boost the productivity, income, and resilience of 4,000 maize and soybean smallholder farmers in northern Nigeria’s Kaduna State.

This came after a report in June citing Trade Hub’s investment in Thrive Agric, which saw the agritech startup grow on its commitment to strengthening agricultural value chains in the country, including for these three staple crops (rice, maize and soybean), with a Trade Hub backing of $1.75 million co-investment grant.

Also in June, Nairametrics reported a $1.4 million co-investment grant to OCP Africa Fertilizers Nigeria Limited (OCP Africa), a firm in the production of phosphate-based fertilizers, to install modern blending equipment within its fertilizer blending plant facility under construction in Kaduna.

 

Trade Hub’s Acting Chief of Party speaks

In an exclusive interview with Karl Littlejohn, Acting Chief of Party for the West Africa Trade & Investment Hub, he tells Nairametrics that 2021 has definitely had the highest number of investments, as nearly all of its 38 co-investment partnerships were signed this year.

The investment firm says it looks for investments in a broad range of fields including agriculture, financial services, healthcare, apparel, logistics, and even ecotourism and water or sanitation.

Minister of Industry, Trade and Investment, Okechukwu Enelamah, has said the Federal government is committed to economic prosperity and the ease of doing business in the country.

Enelamah, who spoke at the advocacy roundtable forum organised by the Institute of Directors Nigeria (IoD), in Lagos, said some reforms have already been completed.

This would ensure that Ministries, Departments and Agencies (MDAs) build capacity to deliver the ease of doing business, with effective collaboration that would support continuous improvement.

As Nigerians agonize under the heavy burden of high cost of food, the African Agricultural Technology Foundation, AATF,  yesterday, disclosed that farmers in Nigeria, Uganda and Zambia have benefited from its mechanized 65, 300 hectares of land in five years.

This was made known by the Executive Director, AATF, Dr Canisius Kanangire, in a presentation at the 2021 Food, Agriculture, Natural Resources Policy Analysis Network, FANRPAN, Policy Dialogue held in Nairobi, Kenya, entitled: Technologies to Improve Supply of Diverse, Safe and Nutritious Food across the Value Chains.

According to Kanangire farmers who embraced mechanization of agricultural activities on their farms under its Cassava Mechanization and Agro-Processing Project, CAMAP, up-scaled their harvests from seven to nine metric tonnes per hectare to over 25 metric tonnes per hectare, which is an increase of over 200 per cent. 

He also made it known that following increased harvest there is also increased profit running into five-fold- $350 per ha to over $1,800 per hectares based on quality tubers, increased yields coupled with better market linkages.

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