Cellulant Deploys Technology to Eliminate Inefficiency in Agriculture

A pan-African technology company, Cellulant Corporation, has affirmed its commitment to eliminating inefficiency and wastage in Nigeria and Africa’s agric value chain.

With its  improved payment and market place solutions, Tingg and Agrikore, Cellulant pledged to  simplify payments and connect all stakeholders in the agriculture sector.

The agrictech company made this known  at its inaugural partners’ summit themed ‘Technology For Transformation: Connecting Everyone to Nigeria’s $50bn Agribusiness Opportunity and Creating Jobs For Africa’s Youth’ in Lagos,

In his presentation entitled ‘Payments Laying Down the Foundation for Connecting Africa’, the Co-Chief Executive Officer of the agritech company, Ken Njoroge, explained that Africa had a comparative advantage in agriculture but needed improved efficiency in its value chain.

According to him,  improved performance in the agric value chain will  bring about desired impacts of food security, job creation and economic development.

He explained that this was what motivated the company to research and invest in the two solutions operational in 20 African countries, including Nigeria and involving several strategic partners.

Njoroge said, “If you bring efficiency into the Agric value-chain, ensure that crops don’t rot on farms, trucks operate regularly, there are no unemployed youth in rural areas, and no factory produces below capacity. if we can connect these dots, we can bring efficiency that can power the transformation of Nigeria and Africa across the board.”

The co-founder  further explained that Cellulant was building a business model called ‘farm to plate’ that involved connecting all players in the agric sector with technology to ensure that the processes were optimised.

He added that both Agrikore and Tingg had been tested and confirmed to be connecting everyone in the agric farm place while boosting transparency.

“The market place and payment platforms are connecting everyone. The payment platform ensures that everyone gets paid in real-time as transactions happen. We know it’s working, we are working with 120 banks on the continent; large businesses are our customers. This is a collaboration that continues to benefit all parties,” Ngoroje said.

Corroborating his partner, Co-Chief Executive Officer, Cellulant Corporation, Bolaji Akinboro, said Tingg and Agrikore 2.0 provided access to the marketolace, increased transparency and simplified the agric business.

“Farmers are producing, but access to the market is the issue. Our payment platform allows both the farmer, aggregator, supplier, everyone to see how money is flowing in the system. It is for people who want to be part of an ecosystem that is profitable for them and which also provides jobs for hundreds of people,” he said.

The Cellulant summit was attended by development partners such as African Development Bank, Shared Agent Network Expansion Facility, Flutterwave, banks and the DFID.

PUNCH