Ninety percent of factories in Nigeria are running at below fifty percent of their installed capacity due to scarcity of quality raw materials and the capital to purchase them. Releaf, an Agtech startup that develops proprietary hardware and software solutions to drive the industrialisation of food processing in Africa, is working to change this narrative.
Starting in Nigeria’s oil palm sector, the company is creating technology that will make farmers and food factories in Africa more efficient and profitable. While palm kernel oil (PKO) production is not foreign to Nigeria, Releaf’s technology and scale allows the company to produce 500 tonnes of PKO weekly and also crack palm kernel nuts with ninety-five percent efficiency using their newly developed technology, Kraken.
Releaf acts as a bridge between smallholder farmers and food manufacturing companies, providing working capital for farmers to access more palm kernel and equipment, and processing the raw materials into factory-grade inputs for vegetable oil factories.
Earlier this year, AfriTech XYZ launched an Innovation Prize, to highlight and support some of the most innovative early-stage clean energy start-ups in Sub-Saharan Africa. As part of the prize, a group of start-ups with the potential to solve a pan-African (or global) problem are provided with access to experts and opportunities that will challenge them to think bigger, build quicker, and do so sustainability. AfriTech XYZ community lead, Tosin Omowole, sought to find out what some of Africa's Most successful entrepreneurs defined the term ‘innovation’ for themselves.
Director of Pharmacy Services at Field Intelligence, African Health Tech Company | Suleman Sule is AfriTech Verified
It’s another exciting episode of AfriTech Verified! In this month’s episode, our host, Tosin Omowole spoke to Suleman Sule, Director of Pharmacy Services at Field Intelligence, an African health tech company transforming the role of technology, business, and supply chain to improve healthcare systems in Africa. Suleman leads the Nigerian operations at Field with his 13 plus years of experience in Nigeria’s health sector.
Field Intelligence was established in 2015 to help transform Africa’s healthcare systems. The company uses live practical data to build-out sustainable and efficient supply chains to improve healthcare access across Africa. From research in the field, the company has developed systems and tools for health workers to improve the quality of care for patients.
Andela’s Unicorn Status, M-Pesa is Africa’s Largest Fintech & Digital Air Pollution in Kenya | The Round-up
We are officially in the final three months of the year. As usual, we have another news roundup for you. We explore Andela’s unicorn status, M-Pesa’s popular status, and Flutterwave’s partnership with MTN, amongst others. Here’s the roundup.