By Dayo Johnson
The founder and Group Managing Director of CapitalSage Holdings, Mr. John Alamu, has stated that processing cocoa into completed merchandise for export is extra worthwhile to Nigeria’s economic system than exporting uncooked cocoa beans.
Alamu, stated this whereas talking on how he began his enterprise, which has turned to a conglomerate, with a sum of N100,000 in 2014.
Based on him “an exporter of uncooked cocoa would make $8000 per tonne, but when processed to completed merchandise like chocolate, the exporter would make 30 instances of exporting it uncooked.
“Export uncooked cocoa and also you make $8,000 per tonne. Flip it into butter and also you earn six instances extra. Make chocolate, and the worth rises as much as 30 instances.”
“This philosophy has been the driving pressure of the Group’s evolution into a totally built-in worth chain firm.
Alamu, who’s driving worth throughout a number of sectors, has as the corporate’s subsidiaries, Johnvents Group, which is presently a rising international built-in worth chain participant.
It has develop into one of many main provide chain participant and processor of sesame, cocoa, legumes, cashew, soya, edible nuts, rice and rubber, boasting tens of millions of {dollars} in annual income.
Alamu stated that with ten factories, together with Johnvents Industries and Premium Cocoa Merchandise (Ile-Oluji), considered one of Nigeria’s oldest cocoa vegetation, the Group possess the capability to course of as much as 48,000MT of cocoa yearly for export to Europe, Asia, and the US.
“Johnvents Group (CapitalSage Holdings’ agribusiness group) is, by its enterprise items, constructing energy throughout a number of agri commodities and shopper markets.
He defined that its cocoa unit anchors international exports of butter, liquor, cake, and powder, whereas the sesame and legumes unit sources and provide premium-grade sesame, soya, and grains from a number of origins throughout Africa and past.
Based on him, cashew and edible nuts add additional variety to the corporate, increasing Africa’s presence within the international nut worth chain.
The edible oil, feed & water unit powers agro-industrial complexes with oils feed, and bottled water, using tons of of girls within the course of.
Alamu stated that the rice and rubber unit contributes to meals and industrial crop safety, whereas the FMCG division delivers household-ready merchandise equivalent to cocoa powder, drinks, cereals, and seasoning cubes to a rising distributor community.
In a latest Forbes Africa Independence Day Version, Alamu disclosed that with N100,000 in 2014, he started providing small loans to farmers and market ladies in rural areas in Nigeria.
This alongside the road advanced into CapitalSage Holdings, a diversified conglomerate spanning agribusiness, finance, expertise, healthcare, and manufacturing.
“We began with N100,000, right this moment, we’re constructing international companies from Africa.
“At the moment, CapitalSage Holdings employs over 2,000 folks straight, helps greater than 10,000 farmers, working throughout Africa, Asia, Europe, and the Center East.”
In the meantime, Kolomoni, which is corporate’s fintech arm, claims 1000’s of point-of-sale brokers service provider and community managers, advancing monetary inclusion in a rustic the place almost 40 % of the inhabitants stays unbanked.
Ercas, one other fintech, underpins digital transactions and back-end infrastructure for funds.
Nevertheless, regardless of the successes recorded, Alamu stated the mission is greater than company success, however moderately financial independence.
He stated: “The subsequent wrestle, like independence, is financial freedom. “That requires braveness, disruption, and African confidence.”
CapitalSage Holdings’ fintech arm, CapitalSage Know-how, has recorded unusual feat because it presently holds a BBB+ credit standing from all three Nigerian SEC-recognized companies, GCR, Agusto & Co., and DataPro, which is a powerful sign of governance, transparency, and financial self-discipline.
Likewise, Johnvents Group, the agribusiness and manufacturing subsidiary, maintains its personal BBB+ score, which additional bolstered the Group’s credibility and efficiency energy in capital markets.
Recognising the contributions of Alamu to Nigeria and Africa’s economic system, he not too long ago acquired the Enterprise Conglomerate Management Award on the Advertising and marketing Edge Awards.
That is to function impetus for his imaginative and prescient of constructing enduring companies throughout Africa’s most crucial sectors.
Alamu’s big stride reveals that Africa’s financial future lies not in uncooked exports however in transformation, worth addition, and daring management.
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