Empower Archives — Business Bells

Tag: Empower

  • Agrolog, Mastercard Foundation Partner To Empower 60,000 Ginger Farmers in Nigeria

    Agrolog, Mastercard Foundation Partner To Empower 60,000 Ginger Farmers in Nigeria

    Agrolog General Services Limited in collaboration with the Mastercard Foundation will support 60,000  smallholder farmers in vulnerable indigenous ginger farming communities in Kaduna State.

     

    The partnership will provide immediate materials, capacity, and structural support to boost ginger production and increase work opportunities for young people and adults in Nigeria.

     

    Agrolog has been investing in the development of the ginger value chain since 2018.

     

    The Managing Director of Agrolog Limited, Dr. Manzo Maigari, explained that in addition to improving yields of ginger from 18 metric tons per hectare (MT/ha) to 25MT/ha, the intervention will also create 60,000 on and off the farm jobs that will benefit the farmers and their communities by providing economic recovery, growth, and social stability.

     

    According to Dr. Maigari, only smallholder farmers that belong to existing organized cooperatives within these local government areas can participate in the initiative.

     

     Farmers who  are selected will receive support ranging from training to farming implements that they can immediately use on their farms to cultivate ginger and food crops. 

     

    “The ginger value chain, if well harnessed can transform livelihoods. Ginger products such as ginger spices, powder, oil, medicine, tea, and tonic confectioneries hold massive opportunities for smallholder farmers, young people, and women across the entire value chain. From planting, harvesting, cleaning, cutting, processing, bagging, storage, and sales, this initiative offers a ray of hope to thousands of families in their local communities who have been further paralyzed by the pandemic. Now, they will be able to rely on a steady and sustainable income stream through ginger farming and processing,” Dr. Maigarisaid.

    Ginger

    The partnership unlocks a multitude of benefits to farmers and the farming community, including mechanization, training and capacity building, farm mapping, standardization of measures, increased yields, improved processing, access to organized markets, and financial inclusion. 

     

    A participant in the initiative, Kakuta Irimiah, lauded the partnership between the Mastercard Foundation and Agrolog saying that the fertilizers and farm inputs they provided have helped to expand her business.

     

    “The Agrolog fertilizer I received helped me to produce more bags of ginger. I used to produce 30 bags per hectare  and now I produce between 50 to 100 bags. I have also received training on how to apply the fertilizers and how to construct drainages to prevent my farm from being washed away by erosion. Before this time, the colour of my produce was yellowish but now, it is greenish which is a sign of healthy and quality produce,” she said.

     

    Speaking on the initiative, Chidinma Lawanson, Country Head, at the Mastercard Foundation said; “Our partnership with Agrolog is poised to drive immense production of ginger and create work opportunities for youth across the ginger value chain.  It also will alleviate the impending threat to food security and livelihoods, which has worsened with the ongoing pandemic.”

    Ginger farm

    The intervention is being supported through the Mastercard Foundation COVID-19 Recovery and Resilience Program, which is targeted at offering timely support to mitigate the impending economic crises among the vulnerable indigenous communities.

     

    The intervention is also aimed at averting further disruptions to the ginger supply chain because of the COVID-19 pandemic.

     

    The BUSINESS BELLS reports that Agrolog Limited is a newly established agribusiness company specialized in the production and trade of agricultural commodities, agro logistics, various agricultural investments and farm management.

     

    The company seeks to entrench a culture of operational excellence that guarantees transparency from farm to table.

     

    Agrolog has contrived partnerships through Innovation Platforms (IPs) that bring farmers and investors together enabling ecosystems that allow for collaborations that build farmers capacities, provision of quality inputs and standardization of practices that ensure high productivity and quality outputs. 

     

    The Mastercard Foundation works with visionary organizations to enable young people in Africa and in Indigenous communities in Canada to access dignified and fulfilling work. 

     

    It is one of the largest, private foundations in the world with a mission to advance learning and promote financial inclusion to create an inclusive and equitable world.

     

    The Foundation was created by Mastercard in 2006 as an independent organization with its own Board of Directors and management.  

  • Ecobank Launches Ellevate, Set To Empower Over 40m Women In SMEs, Others

    Ecobank Launches Ellevate, Set To Empower Over 40m Women In SMEs, Others

    Ecobank Nigeria has launched “Ellevate”, a gender-based proposition for women-owned businesses to reduce gender inequality in entrepreneurship and aid equal representation for women in the formal business sector.

    The Managing Director, Ecobank Nigeria, Patrick Akinwuntan said the Ellevate product introduced to the nation’s financial landscape on Wednesday, is targeted at empowering at least 40 million women owned or women-managed businesses in the country.

     

    He said this is part of Ecobank’s Group objective as the leading pan-African financial institution to drive financial integration and contribute to the economic development of the continent by deepening engagement with women-owned businesses.

     

    “Ellevate is designed by Ecobank to empower women-owned and women-managed businesses in Nigeria and indeed across all our Africa footprints, leveraging various unique financial and non-financial benefits. Ellevate promises an end-to-end partnership in which they could gain access to financial services specially tailored for them, these include  loans at special terms and other mouthwatering discounts. They will also get fixed deposit investments at special premium rates, zero account maintenance fee, continuous financial education and capacity building under our AUDA-NEPAD academy and other special arrangements. They will have access to networking and recognition under our business clubs as well as access to markets, leveraging our various e-commerce solutions”, he stated.

     

    Further, the Ecobank Nigeria boss reiterated that the businesses under Ellevate will also have “access to Ecobank’s unique digital payments and collections solutions like Omnilite for payments, EcobankpayNQR for contactless local and cross-border collections, modern POS channels, and various lifestyle benefits including campaigns and promotions to drive their business growth and personal well-being.”

     

    He said “the Ellevate proposition is a total package addressing the broad needs of women-owned businesses in Nigeria including businesses that produce for women.

     

    In his comment, the special guest of honour, Managing Director, Development Bank of Nigeria (DBN), Mr Tony Okpanachi, represented by Mr. Bonaventure Okhaimo, Chief Operating Officer, lauded  Ecobank for introducing the product, stating that it would go a long way to assisting the targeted group.

     

    He disclosed that DBN was doing a lot to uplift small businesses in the country, stressing that it was ready to partner with reputable financial institutions such as Ecobank in that regard.

     

    Founder of Ruff n Tumble, Nike Ogunlesi, who was a panelist at the event, advised women business owners to avail themselves of the opportunity provided by Ecobank through Ellevate to develop their businesses.

     

    She called on women entrepreneurs to be resilient and know the role customers, people, finance, community, and technology play in business growth.

     

    On her part, Innovations and Partnerships Advisor at Nigeria for Women Project, Tolulope Babajide, said “with Ellevate, Ecobank truly understands the needs of women owned businesses. She spoke on scalability, sustainability, and expansion of MSMEs.

     

    Other speakers at the event including the Founder, Health Africa, Fola Laoye; the Founder, Braveline Growth Partners, Taba Peterside/ they all  lauded Ecobank for initiating such a product, stating that it would benefit women businesses and lift many families out of poverty.