Olakanmi Rasheed Sarumi
| Olakanmi Rasheed Sarumi | |
|---|---|
 File:Rasheed Sarumi.jpg | |
| Born | Rasheed Olakanmi Sarumi Ilesa, Osun stateNigeria |
| 🏳️ Nationality | Nigerian |
| 💼 Occupation | Businessman |
Rasheed Olakanmi Sarumi is a Nigerian businessman and agribusiness executive.[1][2] He is the Group CEO of Saroafrica SIAT Group, He serves on Nigeria’s Presidential Economic Coordination Council and chairs boards including Alpha African Advisory and the Family Business Advisory Committee at Lagos Business School.[3][4][5]
Career
Sarumi began his career in 1991 by founding Saro Pharma and Chemicals Company Limited[6], which later became Saro Agrosciences Limited, the flagship company of Saroafrica Group. In the laater years of the group , the group expanded operations in the agribusiness and consumer goods sectors in West Africa. Where Rasheed oversaw the expansion of Saroafrica’s operations, increasing its manufacturing capacity and extending its reach across African and international markets. In 2024, he led the acquisition of a controlling stake in SIAT Group through Saroafrica’s investment vehicle, Oak and Saffron Limited, thereby expanding Saroafrica’s operations to Belgium, Nigeria, China, Côte d’Ivoire and the United States.[7][8]
References
- ↑ https://find-and-update.company-information.service.gov.uk/officers/luLv71mOb2TmCB7_rdRjY72itkY/appointments[bare URL]
- ↑ "Key People". www.saroafrica.com. Retrieved 2025-09-09.
- ↑ "How Rashed Sarumi is Redefining Nigeria's Agribusiness..." Daily Trust. Retrieved 2025-09-09.
- ↑ "Board Of Directors". Alpha African Advisory. Retrieved 2025-09-09.
- ↑ "How Rashed Sarumi is Redefining Nigeria's Agribusiness..." Daily Trust. Retrieved 2025-09-11.
- ↑ "Saroafrica International Limited". www.saroafrica.com. Retrieved 2025-09-11.
- ↑ "Presco Plc Board appoints Saroafrica's Rasheed Sarumi, two others as new Directors". The Government and Business Journal. 2024-05-02. Retrieved 2025-09-09.
- ↑ "Rasheed Sarumi to pocket $46-million in Presco palm oil sale". Daily News on African Billionaires and UHNWIs. 2025-08-16. Retrieved 2025-09-09.
Further reading
- "President Tinubu Inaugurates Presidential Economic Coordination Council (PECC), Rolls out Measures to Strengthen the Economy". The Statehouse, Abuja. Retrieved 28 July 2025.[permanent dead link]
- Ugwu, C. (2 May 2024). "Presco Plc appoints Olakanmi Sarumi as chairman and two other non-executive directors". Nairametrics.
- Abimbola, Oluwakemi (11 April 2025). "Presco posts over 100% revenue". Punch.ng. Retrieved 28 July 2025.
- Olusola, Blessing (21 March 2025). "Lagos Business School empowers family businesses for wealth sustainability". MSME Africa. Retrieved 28 July 2025.
- Chima, Obinna (13 December 2022). "Association seeks to ramp up Nigeria's Cassava derivatives' production to 600,000 metric tons". THISDAYLIVE. Retrieved 28 July 2025.
- Ugwuezuoha, Yvonne (21 March 2025). "Why family businesses must succeed - LBS". Daily Trust. Retrieved 28 July 2025.
- "Saro Africa, Leadway Assurance, Thrive Agric to headline Agriculture Summit Africa 2021 with Sterling". Businessday.ng. 20 September 2021. Retrieved 28 July 2025.
- "About Us – The Youth Advocacy Foundation". The Youth Advocacy Foundation. 13 April 2022. Retrieved 28 July 2025.
- "Saroafrica International Limited: Governance Structure". Retrieved 28 July 2025.
- "SIAT Group". Retrieved 28 July 2025.
- Olujinmi, D. (15 March 2024). "Oak and Saffron Limited acquires Presco Plc's owners, SIAT Group". Nairametrics. Retrieved 28 July 2025.
- Egbejule, Michael (9 May 2024). "Edo unveils plan for 47,000-hectare oil palm plantation under ESOPP phase 2". The Guardian Nigeria News – Nigeria and World News. Retrieved 28 July 2025.
- Attah, S. (16 December 2022). "Saro Africa group to invest $125m in ethanol, sugar production in Nasarawa". Businessday NG. Retrieved 28 July 2025.'
- "Nigerian company Saroafrica aims to become one of the largest plantation companies in Africa, but communities are resisting its land grabs". farmlandgrab.org. 31 October 2023. Retrieved 28 July 2025.
- Haruna, Godwin (2004). "Nigeria: Crop Life: Towards a Sustainable Environment". AllAfrica. Retrieved 28 July 2025.
- "List of Fellows". Horticultural Society of Nigeria. Retrieved 28 July 2025.
- "Presco PLC announces Board Appointments" (PDF). The Nigerian Stock Exchange. 30 April 2024. Retrieved 28 July 2025.
External links
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