Agric Summit Africa 2023: Sterling Bank Commits N1bn to Agro-Innovators

Date:

Share:

Agric Summit Africa 2023: Sterling Bank Commits N1bn to Agro-Innovators

Agric Summit Africa 2023: Sterling Bank Commits N1bn to Agro-Innovators

Sterling Bank says it is committing one billion naira to agro-innovators at the forthcoming Agric Summit Africa (ASA), scheduled to hold on Nov. 8, in Lagos.

The Group Head of Agric and Solid Minerals, Sterling Bank, Dr Shola Obikanye, said this in a statement in Lagos.

Obikanye said since its maiden edition in 2019, ASA had played pivotal role in addressing critical issues within the nation’s agricultural sector.

He said the summit had consistently brought together influential figures from various sectors to discuss and explore innovative solutions for the industry’s challenges.

Obikanye said ASA 2023 would have as its theme: “Empowering Innovations: A Confluence of Capital, Vision, and Agribusiness Enterprise.”

According to him, the initiative has rightly earned its place as a cornerstone event for the agriculture sector in sub-Saharan Africa.

He explained that to commemorate its fifth anniversary, ASA had chosen to lead with the kind of innovation and change it had advocated for over the years.

“This year, the organisers of ASA will feature incubator-style investors’ deal room, which, in addition to its insightful discussions, will offer the opportunity for agribusiness entrepreneurs to promote their innovative ideas and receive the necessary funding and business support they need to scale.

“This unique addition provides a platform for promising agro-innovators to present their transformative business solutions to a panel of industry experts, with a chance to secure grants of up to N50 million and financing options totalling up to N1 billion,” he said.

Obikanya added that the driving force behind ASA AgroPitch 2023 was rooted in ASA’s commitment to financing Nigeria’s agriculture sector and fostering the change needed for the advancement

He said by injecting substantial capital at the SME level, ASA was championing the movement to shape a sustainable agricultural future for the country.

“This initiative warmly invites all promising agropreneurs to join this noble endeavour and establish themselves as pioneers of agricultural innovation,” he said.

Obikanye said to participate in ASA AgroPitch 2023, interested agribusiness owners could submit their applications through ASA website at www.agricsummit.org.

“Follow the two-step application process for an opportunity to grow your agribusiness exponentially.

“Entries for applications will close on Oct. 30, 2023 at 11:59 p.m.,” he added. #Agric Summit Africa 2023: Sterling Bank Commits N1bn to Agro-Innovators#

Access Plc Grows Profit by 83% to N250bn

Subscribe to our magazine

━ more like this

AFCON 2023 Countdown: Cote d’Ivoire may turn back some Nigerians over travel passports

BY KUNLE SOLAJA. Nigerians holding the ECOWAS Travel Certificates and going for the Africa Cup of Nations next month are certain...

Namibia trainer Benjamin names list of 28 players

Namibia will make its fourth African Cup of Nations appearance Coach Collin Benjamin has called up 28 players The Brave Warriors...

Guinea coach Diawara names 25-man squad for AFCON

Guinea will be making its 13th  African Cup of Nations appearance Coach Kaba Diawara has called up 25 players Syli National...

Mozambique coach Conde announces 23-man squad

Mozambique will make their fifth  African Cup of Nations appearance Coach Chiquinho Condé has called up 23 players The Mambas placed...

Osimhen extends contract with Napoli till 2026

Nigerian international forward Victor Osimhen has signed a contract extension with Napoli until 2026, the Serie A champions announced on Saturday....
spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here