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Six Nigerian Agribusinesses Make AfDB AgriPitch Competition Finals

Six Nigerians, out of 25 African agripreneurs, have been shortlisted for the finals of the $120,000 African Development Bank (AfDB) AgriPitch competition.

The 25 African agripreneurs were drawn from 12 countries across the continent, for this competition.

Worthy of note is the fact that Nigeria has the most finalists, with Kenya also having the same number.

The AfDB Agripitch Competition seeks to engage young entrepreneurs that are eager to tackle global and personal business challenges.

The concept is to select innovative and winning ideas that would lead to new products, businesses, programs, projects and processes.

The finalists, all aged under 35, run agribusinesses classified under three distinct categories by the AfDB – Startups, Mature Startups and Women Empowered Businesses.

For the Startup and Mature Startups categories, ten finalists were selected, respectively, while the last category featured just five businesses.

Meanwhile, three Nigerian businesses – Releaf, One Kiosk and Farmspeak Technology made the list for the Startup category.

The Mature Startup Category had Foodlocker, while the Women Empowered Businesses category had Baby Grubz and Farmz2U.

Speaking on the initiative, AfDB Acting Vice President for Agriculture, Human and Social Development, Wambui Gichuri highlighted the active participation of women-led businesses in the competition.

She said, “It is encouraging to see that almost 62 percent of all AgriPitch 2020 applicants self-described as being women-led businesses or having women make up at least 50 percent of their management”.

The post Six Nigerian Agribusinesses Make AfDB AgriPitch Competition Finals appeared first on AgroNigeria.

Sourced from Agro Nigeria

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