Agriculture
Releaf Secures $4.2M Seed Funding To Drive Food Industrialisation In Africa


Releaf, an agtech start-up that develops proprietary hardware and software solutions that makes African farmers and food factories more efficient and profitable, has raised $2.7 million seed funding in a round led by Samurai Incubate Africa, Future Africa and Consonance Investment Managers with participation from Stephen Pagliuca, Chairman of Bain Capital and Justin Kan (Twitch).
Releaf also secured $1.5 million in grants from The Challenge Fund for Youth Employment (CFYE) and USAID.
The seed funding will enable the development of industrial food processing technology in Nigeria’s smallholder-driven Oil Palm sector while the grant will enable Releaf to provide working capital and other value-added services for smallholders and small-scale processors.
Grant funding will support the training, recruitment and retention of more women and youth in Nigeria Oil Palm sector through the creation of both digital and technical jobs.
Nigeria’s oil palm industry is dominated by smallholder farmers, with 80 percent of local market share. However, production rates are low because many still rely on ineffective processes for de-shelling, including the use of rocks and inappropriate hardware.
These ineffective processes also lead to low quality palm kernels which are largely unfit as input for high quality vegetable oil manufacturing. As a result, food factories are unable to purchase these raw materials and operate significantly under capacity.
On average, food factories have 3X more installed capacity than utilization, which impacts the cost of food and hampers further investment into processing capacity.
Releaf acts as a bridge between smallholder farmers and food manufacturing companies with its proprietary patent-pending machinery, Kraken.
Kraken can process any quality of palm nut into premium quality (95 percent purity) inputs for food factories. Releaf’s software connects the start-up to more than 2,000 smallholder farmers, ensuring consistent, large-scale supply. While palm kernel oil production is not foreign to Nigeria, Releaf’s technology and scale means it can process 500 tonnes of palm nuts per week.
The software offerings also allow the start-up to receive inbound supply requests from farmers via USSD, provide working capital financing as well as collect proprietary data on supply availability.
Speaking about the new funding, Ikenna Nzewi, CEO and co-founder of Releaf, said, “our mandate is to industrialize Africa’s food processing industry. This round of funding enables us to develop and prove our technology with smallholder farmers in the oil palm sector. Given Nigerians spend ~60 percent of their income on food and Africa’s population is set to increase by 100,000 people per day over the next three decades, we’re presented with an incredible opportunity to feed more people, reduce consumer costs, and supply the fastest-growing food market in the world.
Releaf is committed to harnessing technology to accelerate the economic wealth of rural, agrarian societies throughout the Continent. We firmly believe that a robust real economy is the foundation for long-lasting and shared prosperity for Africans and are excited to deepen partnerships with like-minded organizations, governments, and firms.”
This new funding will enable better productivity and accelerate the eradication of the menial and archaic processes that are prevalent across Nigeria’s oil palm sector and the agriculture sector as a whole. It will also enable Releaf to drive more value and profitability across the oil palm value chain, as well as support direct and ancillary job creation in the farming communities of South and Eastern Nigeria.
Rena Yoneyama, Managing Partner at Samurai Incubate Africa who led the round commented, “Releaf’s novel approach to operating within the value chain with proprietary technology set it aside from many agtech startups we have spoken to. We believe the firm’s thesis on decentralizing food processing would have a strong match with Africa’s economic development landscape for the next few decades.
Ikenna and Uzo are the perfect founders to disrupt this market in Nigeria and beyond. We are thrilled to back them as they innovate in providing both agro-processing and financial services to rural communities and farmers.”
Iyin Aboyeji, General Partner at Future.Africa noted, “more than 50% of the goods in supermarkets globally contain glycerine – an extract made from palm oil – a cash crop that is passed down from generation to generation.
The team at Releaf is building the agro-allied industry of the future from the ground up starting with palm oil which they have developed novel technology to aggregate, deshell and process into critical ingredients like vegetable oil and glycerine. Future Africa is delighted to back Releaf to build the future of modern agriculture”
Dr. Nneka Enwonwu, Country Relationship Manager, from The Challenge Fund for Youth Employment (CFYE) said, “We are thrilled to partner with Releaf on their mission to improve efficiency and profitability for farmers and food factories in Africa.
The founders’ vision and the team’s enthusiasm gave us confidence that Releaf will deliver real value for rural communities and create digital/technical jobs for women and youth. We are looking forward to their results and success over the coming years and continuing to support their work.”
Agriculture
Niger State to End Direct Supply of Live Cows, Launch Meat Processing for Southwest Markets


Governor Mohammed Umaru Bago has unveiled a major reform in Niger State’s livestock trade, announcing plans to halt the direct transportation of live cows and goats to markets in Lagos and Ogun states.
Under the new plan, livestock will be slaughtered and processed at Mokwa before being packaged and delivered as frozen products to the Southwest. According to the governor, this will improve hygiene, reduce waste, and ensure farmers capture more value from the livestock chain.
Speaking at the First Bank 2025 Agric and Export Expo in Lagos, Bago explained that value addition was key to reversing losses from exporting raw commodities. He revealed that Niger State had secured a $100 million offtake agreement with the Saudi Export and Import Bank to supply livestock to the Middle East, stressing that every part of the animal—from tripe to hooves—would now be fully utilized.
The governor also disclosed plans to partner with Lagos on LNG-powered cold-chain trucks for modern meat distribution. He emphasized that the initiative would raise meat quality, generate jobs in processing, and contribute to Nigeria’s economic diversification away from oil.
Bago urged banks to back such ventures, warning that nations that continue exporting raw products risk remaining “perpetually broke.”
Agriculture
Enugu Govt to Establish Food and Nutrition Units
…Commends Tinubu for Ortuanya’s appointment as UNN’s VC


The Enugu State Government has resolved to set up food and nutrition units in select ministries in the state in line with the national food policy.
This was even as the government announced that it would distribute 20,000 units of personal computers to 20,000 civil servants in furtherance of the digitization of process in the state’s public service.
These were made known by the Commissioner for Youth and Sports, Barr. Lloyd Ekweremadu; Commissioner for Information and Communication, Dr. Malachy Agbo; and the Head of Service, Dr. Godwin Anigbo, while briefing Government House correspondents at the end of the State Executive Council meeting at the weekend.
“The Exco approved the establishment of a Food and Nutrition Unit in select line ministries that will be working together. This an opportunity for us to recommit to the administration’s promise and mandate to eradicate poverty in Enugu State, but in this regard, ensuring food security.
“Part of those Ministeries, Departments and Agencies (MDAs) that are involved in food programme as approved by the Exco are: The Ministry of Human Development and Poverty Eradication, Ministry of Education, Ministry of Trade, Investment, and Industry, Ministry of Budget and Planing, Ministry of Information and Communication, and the Ministry of Agriculture and Agro Industrialisation. Those ministries are very key, particularly as they align with the governor’s vision of providing free meals at the Smart Green schools as they come on board,” Ekweremadu said.
Also briefing, the Head of Service said the provision of 20,000 units of computers would bring the digitization of the state’s public service into in full swing.
“This government is so interested in using technology to solve problems. When this digitization process takes full effect, we are going to have increased productivity in the public service, which will also help to track performance. Civil service is very critical in terms of implementation of systematic policies and critical reforms of this administration. The state government is committed,” he stated .
Meanwhile, the state government has equally expressed a heartfelt gratitude to President Bola Tinubu for the appointment of the first University of Nigeria, Nsukka, Vice Chancellor of Enugu North Zone extraction.
“The Enugu Exco extended a profound gratitude to President Bola Ahmed Tinubu for finding this illustrious son of Enugu, Prof. Simon Ortuanya, worthy to be appointed the VC of the UNN,” Agbo stated.
Agriculture
We engage in beneficial, community-oriented land acquisition for agricultural purposes – Enugu Govt
By Our Correspondent


The Enugu State Government says it only engages in a win-win land acquisition system for ongoing agricultural initiatives and programmes.
The state’s Commissioner for Agriculture and Agro-industrialisation, Mr Patrick Nwabueze Ubru, made this known to newsmen in Enugu, weekend, stating that “we engage in beneficial and community-oriented land acquisition for agricultural purposes only.”
Ubru observed that the state government,, by an executive order issued by the state governor, Dr Peter Mbah, in 2024, committed to international best practices in agricultural land acquisition.
“By the Executive Order No. 001 of 2024 on the Framework for Responsible and Inclusive Land Intensive Agriculture (FRILIA) signed by the state governor, Dr Peter Mbah, the state government
had committed itself to international best practices in land acquisition for agricultural purposes,” he stressed.
It would be recalled that an online medium had published a report falsely accusing Governor Peter Mbah of moves to buy off some ancestral lands in Eha-Amufu community in Isi-Uzo LGA and hand it over to non-indigenous herders for settlement.
The group also alleged that Governor Mbah had paid the sum of N30 billion to some leaders of Eha-Amufu community to secure the release their communal lands to the said herders for settlement.
Ubru however urged the people of the state to discountenance the report, describing it as “completely fake and mischievous ,” adding that “being a responsible and people-focused government, this administration would not undermine or short-change its people under any guise.”
The commissioner stated that the Executive Order had ensured transparency in land acquisition with the consent of the people and to the benefit of all within the same community.
He noted that the Executive Order is a public document that anyone may read in electronic or hard copy to understand how open and transparent Governor Peter Mbah’s visions and objectives are regarding land acquisition for agricultural purposes..
“The Executive Order ensures that land acquisition and resettlement for large-scale agribusiness investments are undertaken in line with international best practices and guaranteed shared benefits between private investors and host communities.
“The Government of Enugu State is desirous of deepening the state’s agribusiness reforms including delivering a win-win approach to all the relevant stakeholders on agricultural land matters and investment opportunities.
“The FRILIA Executive Order will enhance access to large-scale investments, gainful employment on large-scale farms, sufficient income, and protection from the volatility of agricultural labour and product markets.
“The Framework will ensure adherence to guiding principles covering overarching investment, recognition and protection of land rights, state land acquisition and resettlement, environmental and social responsibility,” he said.
The commissioner noted that in order to achieve the government’s objective of creating an enabling, responsible and inclusive business operating environment for large-scale agribusiness investments in Enugu State through FRILIA, the state government set up other mechanisms to back it up.
“The state government established the FRILIA Steering and Technical Committees with clearly defined functions and powers.
“Others are the establishment of a grievance redress mechanism; and development and adoption of FRILIA Toolkits/Guidelines/Policies or Equivalent,” he added.
Ubru said that Governor Mbah, being a leader with vision, had clear intentions and programmes to grow the GDP of the state from $4 billion to $30 billion.
He noted that the governor had taken time and opportunities to explain his vision of uplifting the people of the state out of poverty.
-
Finance4 days ago
Tinubu Launches Personal Income Tax Calculator to Improve Compliance, Fairness
-
News4 days ago
70% of Christians killed in 2024 are African – Group
-
Hospitality4 days ago
Excitements in Enugu as Gov Mbah Unveils Reconstructed Hotel Presidential
-
Hospitality4 days ago
Gov. Mbah and the Rebirth of Hotel Presidential
-
Transport2 days ago
August24news Publisher, Ajagbe, Set to Present Best Driver and Best Conductor of The Year Awards
-
Business2 days ago
Lagos Mainland Trade Fair set to take place next month
-
Agriculture4 days ago
Niger State to End Direct Supply of Live Cows, Launch Meat Processing for Southwest Markets
-
News24 hours ago
Mbah to NBA: “Law, the Conscience of the Nation, Justice Sector Reform, a Cornerstone of Our Administration”