After months of speculations and years of lip service, Nigeria’s Securities and Exchange Commission (SEC) is making concrete plans to regulate crowdfunding platforms. During the weekend, the SEC released an exposure draft containing guidelines for investors and crowdfunding operators.
Farmcrowdy, a Nigerian agritech platform, has acquired majority stakes in the agro company, Best Foods for an undisclosed amount. The deal will see Farmcrowdy deepen its penetration in the livestock value chain.
Agriculture is the biggest employer in Africa with about 70% of the population depending on it to make a living. It accounted for about 32% of Africa’s GDP as at 2016. Growth in the sector is said to be 11 times more effective in reducing poverty than growth in any other sector. The agriculture value […]
Ending food scarcity, one sponsor at a time