Latest Livestock 247 News
Apr 16, 2019
Nigeria’s digital agriculture platform, Farmgate Africa announced its partnership with Livestock247.com, an online Livestock Market. This partnership is following the recent launch of the commodity aggregator platform by Farmcrowdy Group an umbrella company established to build agritech solutions that will enable the achievement of food security, sustainability and the growth of Agriculture in Africa. The partnership between Livestock247.com, Farmgate Africa and the Farmcrowdy Group as a whole will deepen the offerings in the agricultural space in terms of proper organization and profitable deployment of funds to key areas of production and trading. On the production end, Farmcrowdy has partnered with Livestock247.com in piloting its first ever cattle feedlot in Adamawa State. The first phases have been quite successful and this sees the businesses scaling production to over 24,000 bulls with about 1,200 feedlot clusters in the North East, North West and Southern parts of Nigeria operating through feedlot systems. On the trading end, Farmgate Africa has anchored the relationship that sees Livestock247.com trading in excess of 20,000 bulls in over 10 abattoirs in Lagos for FY2019 alone. According to Ibrahim Maigari Ahmadu, Co-Founder and CEO of Livestock247.com, Lagos slaughters over 6000 cows a day, being the largest consuming livestock market in sub-Saharan Africa. in production, our target is to produce in excess of 24,000 bulls through 1,200 feedlot clusters in the next one year. Livestock247.com provides a platform for buyers of livestock to purchase traceable and fit for slaughter livestock from anywhere and at any time without inconveniences The platform also gives sellers of livestock a borderless reach and access to market 24/7. In addition, it gives Veterinary professionals access to livestock owners for disease surveillance and epidemiology and provides financial service providers with an opportunity to fund investments in the livestock sector. Speaking about how the partnership will strengthen Farmgate Africa’s plans to grow the market-access for farmers and buyers, Kenneth Obiajulu, Co-Founder & Managing Director, Farmgate Africa said, “Our goal has always been to collaborate with relevant partners in the agribusiness space to deliver value for both smallholder farmers and major processors/buyers. With our livestock portfolio, we have received substantial orders from notable key accounts that require bulls which meets with specific criteria. Our vision is a shared one with Livestock247.com, and this sees us developing the marketing together both from a production and marketing point”. Ibrahim also says that the Livestock247.com vision is to mitigate the spread of animal to human disease transmission by ensuring that only traceable and Fit-for-Slaughter Livestock is traded, exchanged, processed and consumed by all. “The outcome of the partnership with Farmgate Africa and the Farmcrowdy Group as well, will afford potential customers the ability to buy quality, traceable and fit for slaughter livestock, empower livestock farmers through the feedlot programme, respond to the call by the Federal Government to key into the National Livestock Transformation Plan (NLTP) through intensification of livestock production, change the narrative by providing an alternative to nomadic pastoralism which has been a source of conflicts around Nigeria, create more job opportunities and provide veterinary professionals, haulage companies, ruminant feed producers with more activities.” The Group CEO of Farmcrowdy Group (FCG), Onyeka Akumah expressed his delight at the partnership while stating that Farmgate Africa is already creating huge strides in the Cattle business with an exclusive partner like Livestock247. In Onyeka’s words, “we can’t build an entire ecosystem for Agriculture in Nigeria alone. We have our strengths when we are building solutions with technology, but to build an ecosystem requires strong partnerships with stakeholders who are experts in their domain. So, this is the reason why a partnership with Livestock 247 is exciting for the entire Farmcrowdy Group and specifically for Farmgate Africa – our Aggregator Platform for Agro-commodities”. Livestock247.com has covered production operations across 8 states in Nigeria including; Adamawa, Taraba, Kaduna, Kano, Katsina, Niger, Osun, and Abuja and will commence trading in Abuja, Rivers and Enugu state respectively. Farmgate Africa will allow everyday Nigerians to fund the process of buying and selling what farmers are producing. This will give every farmer that has produced high-quality bulls, the opportunity to sell to major buyers through Livestock247.com or Farmgate Africa Platforms. Edited Fundisiwe Maseko
Livestock 247 Frequently Asked Questions (FAQ)
When was Livestock 247 founded?
Livestock 247 was founded in 2018.
Where is Livestock 247's headquarters?
Livestock 247's headquarters is located at 4th Floor, Valley View Plaza, 99 Opebi Road, Lagos.
What is Livestock 247's latest funding round?
Livestock 247's latest funding round is Incubator/Accelerator.
Who are the investors of Livestock 247?
Investors of Livestock 247 include GIZ-SAIS Investment Readiness Programme.