Heart and Capital Nigeria Limited
| ISIN | 🆔 |
|---|---|
| Industry | Agribusiness |
| Founded 📆 | 2015 |
| Founder 👔 | |
| Headquarters 🏙️ | , , Nigeria |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | Official website |
| 📇 Address | |
| 📞 telephone | |
History[edit]
Heart and Capital Nigeria Limited, also known as H&C, was founded in 2015 as a farm enterprise. H & C is an Agritech company with a mission of growing and easing Agribusinesses in Africa[1] It does this through services such as professional farm management, agribusiness consultancy & human capacity development programs[2], food processing, machinery procurement, input supply, amongst others. In 2017, Heart and Capital Nigeria Limited (H&C) was incorporated and became a limited liability company.
Ownership & Leadership[edit]
Heart and Capital Nigeria Limited is a limited liability company co-founded by Umar Oba Adelodun and Abdulquawiy Olododo. Umar currently serves as Chief Executive Officer while Addulquawiy provides oversight as the President.
Social Impact[edit]
Heart and Capital (H&C) operates a social impact business model. Under the joint leadership of both Umar and Abdulquawiy, the company has mentored over 8000 youths in Nigeria on agribusiness[3], cultivated thousands of acres plantations most of which are under the management of H&C, and has consulted for numerous Agribusiness owners across Africa. Its digital investment platform has helped a lot of people diversify their source of income, created hundreds of jobs.
There are over 150 hectares of Cashew already planted with plans to plant 500 hectares more by 2023.
H&C also owns and run a cassava processing factory at Asa dam in Ilorin, which produces tonnes of processed cassava (garri) this is packaged and sold nationwide in Nigeria.
Location[edit]
The Heart and Capital (H&C) business is located in Kwara State, Nigeria[4], which lies midway between the Northern and Southern parts of the Country.
Kwara State has projected a population of about 2,454,077 with a total landmass of 32,500 Square Kilometres, most of which is arable. Approximately 1,094,232 people of the state are engaged in direct farming out of which 56,865 are cash crop farmers.
The state has two main climatic seasons, the dry and rainy season with annual rainfall ranging between 1,000mm and 1,500mm while the average temperature lies between 30oC and 35oC.
The rainy season lasts between April and October while the dry season starts in November and ends in March of the following year providing ample opportunity for cash crops production and marketing.
Asset-Mart[edit]
Heart and Capital launched an AGRIC-TECH investment platform called Asset-mart (Asset Market) in 2018 to provide individuals, corporate bodies and institutions with direct access to returns from different Agribusiness assets. This solution] provided people with an opportunity to invest smaller amounts that would be required to fund and make a profit from Agribusiness fully. The first product on the Asset-mart was Cassava proxy farm, a cassava plantation on 50 hectares of land which sold out and all investors got 15% ROI at the end of the one-year investment cycle.[5]
Sustainable Change and Collection Wealth[edit]
On January 15, 2020, Heart & Capital (H&C) created another investment product of the Asset-Mart platform called the Eterno project[6]. Eterno is a product primarily focused on Cashew.
The project promises to give access to more people to earn from a fantastic agribusiness opportunity with a projected 15,000 jobs to be created over the next 12 months while combating climate change simultaneously.
The goals of the Eterno project seeks to create a platform where people can invest in Africa's agriculture sector and expand the opportunity to create sustainable change and wealth on the continent and for the people.
Cashew Production in Nigeria[edit]
Nigeria is the second-largest producer of cashew nuts[7], producing more than 950,000 tonnes per year after Vietnam, which provides over a million tonnes (FAOSTAT, 2017).
Cashew nut is traded yearly in billions of dollars and it accounts for 20% of international trade of nuts. A massive bulk of the Cashew produced in Nigeria is processed and exported. Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other countries in 2017.
In 2019 Cashew nut was the third most exported products to the US alone amounting to 621.5 million Naira in three months. With the high growth in the demand for cashew nut, it is anticipated that in a few years, Cashew will take over the global nut market.
The Brazilian jumbo cashew has the highest quality and highest price.
References[edit]
- ↑ "If you are thinking of how to make money, agri-investment is what you should be looking at – H&C Founders". techpoint.africa.
- ↑ "Heart &Capital restates commitment to capacity-building for agripreneurs". businessday.ng. Retrieved 2019-09-04.
- ↑ "KWASU, Agric Firm Partner To Mentor 4,000 Students". tribuneonlineng.com. 2018-06-19.
- ↑ "Private Coy Launches Farming-By-Proxy Initiative In Kwara (READ FULL TEXT)". www.ilorin.info/. February 16, 2018.
- ↑ "PROXY FARMERS ASSURE 15% RETURN ON INVESTMENT IN KWARA". www.newsreeldaily.com/. August 22, 2019.
- ↑ "H&C growing digital, unveils 'Eterno' project in Kwara". www.businessday.ng/. February 25, 2020.
- ↑ "Nigeria is World Second Largest Producer of Cashew Nuts". www.naija247news.com/. April 6, 2018.
Heart and Capital Nigeria Limited[edit]
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