The leading Pan-African technology company, Cellulant Corporation, has affirmed its commitment to eliminate inefficiency and waste in the Agric value chain of Nigeria and Africa with the presentation of its improved payment and market solutions, Tingg and Agrikore.
While Tingg is an accessible payment solution for everyone, Agrikore is an innovative platform based on blockchain technology that has simplified and connected all actors in the agricultural sector.
The executive co-director of the agritech company, Ken Njoroge, reiterated his commitment on Thursday at the inaugural summit of Cellulant partners with the theme “Technology for transformation: connect everyone with the $ 50 billion agribusiness opportunity of Nigeria and create jobs for the youth of Africa “held in Lagos.
In his presentation entitled ‘Payments Laying Down the Foundation for Connecting Africa’, Njoroge explained that Africa has a comparative advantage in agriculture but needs efficiency in its value chain to have the desired impacts of food security, job creation and economic development.
He disclosed that this was what motivated the company to research and invest in the two solutions operational in 20 African countries, including Nigeria and involving several strategic partners.
Njoroge said: “If you bring efficiency to the Agric value chain, make sure that crops don’t rot on farms, trucks operate regularly, there are no unemployed youth in rural areas and no factory produces less than capacity.” . if we can connect these points, we can provide efficiency that can drive the transformation of Nigeria and Africa in all areas. ”
The co-founder of the Pan-African technology company explained that Cellulant was building a business model called “farm to plate” that involves connecting all Agric sector actors with technology to ensure that processes are optimized.
He added that both Agrikore and Tingg have been tested and confirmed to connect everyone at the Agric farm site while increasing transparency.
“The market and payment platforms are connecting everyone. The payment platform ensures that everyone receives payments in real time as transactions occur. We know it is working, we are working with 120 banks in the continent; Big companies are our customers. This is a collaboration that continues to benefit all parties, ”said Ngoroje.
Corroborating his partner, Co-Chief Executive Officer, Cellulant Corporation, Bolaji Akinboro, said Tingg and Agrikore 2.0 provide access to the market place, increase transparency and simplifies the whole Agric value chain
“Farmers are producing, but access to the market is the issue. Our payment platform allows both the farmer, aggregator, supplier, everyone to see how money is flowing in the system. It is for people who want to be part of an ecosystem that is profitable for them and which also provides jobs for hundreds of people,” he said.
The Cellulant summit was attended by development partners including African Development Bank, Shared Agent Network Expansion Facility (SANEF), Flutterwave, banks and DFID amongst others.
Executive Director, Technical NIRSAL, Babajide Arowosafe, Co-CEO, Cellulant, Bolaji Akinboro; Managing Director, Wema Bank, Ademola Adebise and Co-CEO, Cellulant Ken Njoroge, during the signing of a N2Billion loan facility to Nigerian farmers at the Inaugural Partner Summit organised by Cellulant Nigeria in Lagos on Thursday