Processed cocoa, more profitable to Nigeria’s economy than exported raw cocoa – Alamu

By Dayo Johnson

The laminitis and Group Managing Director of CapitalSage Holdings, Mr. John Alamu, has said that processing cocoa into finished products for export is much profitable to Nigeria’s system than exporting earthy cocoa beans.

Alamu, said this portion speaking connected however helium started his business, which has turned to a conglomerate, with a sum of N100,000 successful 2014.

According to him “an exporter of earthy cocoa would marque $8000 per tonne, but if processed to finished products similar chocolate, the exporter would marque 30 times of exporting it raw.

 “Export earthy cocoa and you marque $8,000 per tonne. Turn it into food and you gain six times more. Make chocolate, and the worth rises up to 30 times.”

“This doctrine has been the driving unit of the Group’s improvement into a afloat integrated worth concatenation company.

Alamu, who is driving worth crossed respective sectors, has arsenic the company’s subsidiaries, Johnvents Group, which is presently a rising planetary integrated worth concatenation participant.

It has go 1 of the starring proviso concatenation subordinate and processor of sesame, cocoa, legumes, cashew, soya, edible nuts, atom and rubber, boasting millions of dollars successful yearly revenue.

Alamu said that with 10 factories, including Johnvents Industries and Premium Cocoa Products (Ile-Oluji), 1 of Nigeria’s oldest cocoa plants, the Group person the capableness to process up to 48,000MT of cocoa annually for export to Europe, Asia, and the US.

“Johnvents Group (CapitalSage Holdings’ agribusiness group) is, done its concern units, gathering spot crossed aggregate agri commodities and user markets.

He explained that its cocoa portion anchors planetary exports of butter, liquor, cake, and powder, portion the sesame and legumes portion sources and proviso premium-grade sesame, soya, and grains from aggregate origins crossed Africa and beyond.

According to him, cashew and edible nuts adhd further diverseness to the company, expanding Africa’s beingness successful the planetary seed worth chain.

The edible oil, provender & h2o portion powers agro-industrial complexes with oils feed, and bottled water, employing hundreds of women successful the process.

Alamu said that the atom and rubber portion contributes to nutrient and concern harvest security, portion the FMCG part delivers household-ready products specified arsenic cocoa powder, beverages, cereals, and seasoning cubes to a increasing distributor network.

In a caller Forbes Africa Independence Day Edition, Alamu disclosed that with N100,000 successful 2014, helium began offering tiny loans to farmers and marketplace women successful agrarian areas successful Nigeria.

This on the enactment evolved into CapitalSage Holdings, a diversified conglomerate spanning agribusiness, finance, technology, healthcare, and manufacturing.

“We started with N100,000, today, we’re gathering planetary businesses from Africa.

“Today, CapitalSage Holdings employs implicit 2,000 radical directly, supports much than 10,000 farmers, operating crossed Africa, Asia, Europe, and the Middle East.”

Meanwhile, Kolomoni, which is company’s fintech arm, claims thousands of point-of-sale agents merchant and web managers, advancing fiscal inclusion successful a state wherever astir 40 percent of the colonisation remains unbanked.

Ercas, different fintech, underpins integer transactions and back-end infrastructure for payments.

However, contempt the successes recorded, Alamu said the ngo is much than firm success, but alternatively economical independence.

He said: “The adjacent struggle, similar independence, is economical freedom. “That requires courage, disruption, and African confidence.”

CapitalSage Holdings’ fintech arm, CapitalSage Technology, has recorded uncommon feat arsenic it presently holds a BBB+ recognition standing from each 3 Nigerian SEC-recognized agencies, GCR, Agusto & Co., and DataPro, which is simply a beardown awesome of governance, transparency, and fiscal discipline.

Likewise, Johnvents Group, the agribusiness and manufacturing subsidiary, maintains its ain BBB+ rating, which further reinforced the Group’s credibility and show spot successful superior markets.

Recognising the contributions of Alamu to Nigeria and Africa’s economy, helium precocious received the Business Conglomerate Leadership Award astatine the Marketing Edge Awards.

This is to service arsenic impetus for his imaginativeness of gathering enduring businesses crossed Africa’s...