Business
Winners Emerge In Sterling’s ASA 2023 AgroPitch
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Lagos, Nigeria: Five winners emerged in the grand finale of the 2023 edition of Sterling’s Agriculture Summit Africa.
This year’s edition, which featured a pitch competition called AgroPitch, saw Green Republic Farms Limited crowned the top agroprenuer, walking away with five million naira in grants and an agribusiness entrepreneurship training program from the Lagos Business School.
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Sponsors of this year’s summit included Sterling Bank, Leadway Assurance, Thrive Agric and Noor Takaful. The overall winner of the summit was Green Republic Farms Limited, a youth and women-led business that won N5 million in cash and a scholarship to the Lagos Business School (LBS) Agribusiness Management Programme, which gives participants the personal insight, coaching techniques, and leadership abilities needed to improve decisions and outcomes for their organisations.
The remaining agribusinesses which emerged as winners are Eden-Acres Integrated Farm, Duketrah Fisheries, Kernelinc Resources Limited, and OG Capital.
Speaking at this year’s ASA, themed Empowering Innovation: A confluence of Capital, Vision and Agribusiness Enterprise, Group Head for Agriculture & Solid Minerals Finance at Sterling Bank, Dr. Olusola Obikanye, said that this year’s summit has shown that there is huge and yet-to-be-realized potential for innovation in the nation’s agribusiness sector.
Dr. Obikanye continued by saying that “The quality of submissions and presentations have shown a clear path towards investment opportunity for the private sector to fund exponential growth in the sector towards achieving a stable and sustainable food economy for the country, while delivering value to operators and investors alike.”
Also in attendance were the Honorable Commissioners of Agriculture for Plateau and Ekiti states, Samson Bugama and Ebenezer Boluwade, who enjoined entrepreneurs in agribusiness to take risks and turn around the fortunes of the sector and help it achieve its potential.
Conceived by Sterling Bank and now in its sixth year, this year’s Agriculture Summit Africa represents a historic milestone in the summit’s history, which stands as a prominent platform for showcasing promising agro-innovators, aligning with the bank’s unwavering commitment to shaping the forefront of agricultural excellence both within Africa and beyond.
Renowned for its now famous HEART of Sterling strategy; which focuses investments in the Health, Education, Agriculture, Renewable Energy and Transportation; its irreverent brand voice and enviable talent management practices, Sterling has been awarded the Most Innovative Bank of The Year for by BusinessDay, been named the Overall Best Place To Work In Nigeria by the Great Place To Work Institute, and has featured on the prestigious top 100 fastest growing companies in Africa, as published by the globally recognized Financial Times, all in 2023.