Buy Retail & Save More with Pricepally
Happy Thursday! 🌞
Pricepally, alongside another startup, has won the Dubai World Trade Centre’s Lagos talent show among 24 other contestants, who pitched their ideas before six judges.
This means that Pricepally will go on an all-expense-paid trip to Dubai to pitch their idea to over 400 investors and thousands of technology ecosystem players at the GITEX 2022 exhibition for a chance to win $200,000
In today’s Edition:
- Buy Retail & Save More with Pricepally
- GITEX 2022: NITDA, Lagos State Government Unveils Nigerian Tech Startups at Eko Innovation Centre
- How Insecurity will escalate the food crisis in 2023
- The Flying Framer using drones to revolutionize agriculture in Africa
- Koa Gains USD 10M Funding for Africa’s Largest Cocoa Pulp Processing in Ghana
- Twiga Foods Invests USD 10M to Expand its Range of Private Label Products
Buy Retail & Save More with Pricepally
You can now SHOP a paint bucket of tomatoes, onions, and other lesser items from the comfort of your homes and offices at wholesale prices without worrying about making that next market trip.
Delivery is ₦1000 anywhere in Lagos & Abuja.
How Insecurity will escalate the food crisis in 2023
Numerous signs are showing that food inflation may worsen in 2023. The problem of insecurity issues in states where food grains are cultivated in commercial quantities has become a primary need for concern. The largest producer of high-demand crops such as maize, Kaduna has witnessed continuous attacks peaking with attacks on the Kaduna International Airport and the tragic Abuja-Kaduna train in March.
The build-up to the 2023 general elections has incited widespread insecurity fueled by politicking. It would, in turn, aggravate the state of food production, food scarcity, and inflation as most farming communities could suffer displacement or inability to access their farmlands.
According to displacement.org, Insecurity caused by violence in the north-central and northwest regions has left 586,000 people internally displaced.
However, suggestions such as encouraging farming activities in other states as well as the recruitment of youths as vigilante groups have been considered to mitigate the current crisis and hopefully avert the predictions of worsening food inflation and shortage in Nigeria come 2023
GITEX 2022: NITDA, Lagos State Government Unveils Nigerian Tech Startups at Eko Innovation Centre
Pricepally, alongside Paddycover, has won the Dubai World Trade Centre’s Lagos talent show, while truQ emerged the EIC and Lagos State winner. Pricepally, founded by Luther Lawoyin, PaddyCover, co-founded by Mayowa Owolabi and Tobi Obasa, and William Fatayo’s truQ, beat 24 other contestants who pitched their ideas before six judges.
The two winners will go on an all-expense-paid trip to Dubai to pitch their idea to over 400 investors and thousands of technology ecosystem players at the GITEX 2022 exhibition for a chance to win $200,000.
In October, they all will converge at the Dubai World Trade Centre in Dubai, the United Arab Emirates (UAE), for the five-day business show, mentorship, and networking with world technology business leaders.
The Africa roadshow is organized by GITEX Global and sponsored by Dubai North Star, which represents the UAE Government, and partnered locally by the Lagos State Government and the National Information Technology Development Agency (NITDA).
The Flying Framer using drones to revolutionize agriculture in Africa
Femi Adekoya, also known as the flying farmer, is revolutionizing Nigeria’s agriculture by giving drone-powered solutions to commercial and smallholder farmers. Drone monitoring identifies issues that are not visible to the naked eyes, which will help the farmer make informed decisions for the crop. It is also used for precision farming and efficient spraying of weed controls or fertilizer to optimize field management.
Koa Gains USD 10M Funding for Africa’s Larger Cocoa Pulp Processing in Ghana
Swiss-Ghanaian start-up business Koa has confirmed gaining USD 10M growth capital towards building what is believed to be Africa’s largest pulp processing plant based on upcycling cocoa fruit, writes Neill Barston. The company, which recently attended the ISM event in Cologne, Germany, showcasing its series of environmentally friendly juice and chocolate products (see below), has signaled its intention for significant growth. As the innovative firm explained to Confectionery Production, it has formed several key industry partnerships over the past two years to drive the development of its sustainably-focused ranges.
Twiga Foods Invests USD 10M to Expand its Range of Private Label Products
Agri-tech company Twiga Foods has launched a new farming subsidiary, expanding its business beyond supplying fresh produce and commodities through a mobile-based platform. The firm has injected USD 10M (KES 1.16B) into Twiga Fresh for farming onions, tomatoes, and watermelons. Twiga Fresh has leased a 650-hectare farm in Taita Taveta, where it intends to employ modern farming techniques to boost yields. The rollout of the new subsidiary is part of its product diversification strategy, coming just months after it added more of its own branded products to its offerings.
Events
- Grains Africa 20–22 May 2022, Aga Khan Diamond Jubilee Hall, Dar es Salaam, Tanzania
- 8th Africa Bank 4.0 Summit 23rd — 27th May 2022, Mövenpick Hotel & Residences, Nairobi, Kenya
- Grains Africa — International Trade Show on Grains and Technology 27th — 29th May 2022, Kampala, Uganda
