The fourth annual GoGettaz Agripreneur Prize reached nearly six million people during the entry window from 19 April to 6 June 2022
KIGALI, Rwanda, September 9, 2022/APO Group/ —
After impressive on-stage pitches to an expert panel of judges earlier this week, Esther Kimani founder of FarmerLifeLine Technologies in Kenya and Mark Musinguzi founder of Hya Bioplastics in Uganda each received a US$50,000 grand prize at the African Green Revolution Forum’s (AGRF) at its Gala Dinner and Africa Food Prize Awards Ceremony attended by H.E. President of Rwanda, Paul Kagame and a host of other African heads of state, dignitaries, and esteemed food systems experts from across the world.
With 12 top-class finalists in this year’s GoGettaz Agripreneur Prize Competition, four additional Impact Awards winners were merited and will receive US$2,500: Eloge Niyomwungere, founder of Best Food Solution in Burundi, Nancy Iraba co-founder of Healthy Seaweed Company in Tanzania, Noël N’guessan co-founder of LONO in Côte d’Ivoire, and Seynabou Dieng, co-founder of Maya Sarl in Senegal.
“These young entrepreneurs are the in the midst of a food revolution. Their ventures are making a positive impact on their communities, their environment, and the local economy,” remarked Ms. Fernanda Lopes, Executive Vice President for Asia & Africa, Yara International, who awarded the winners on behalf of the Generation Africa co-founders.
Emerging victorious among the women agripreneurs, Esther Kimani and her company FarmerLifeLine Technologies invented a device that helps Kenyan farmers to get ahead of pests and pathogens with a proprietary disease detection device that leverages solar-powered cameras, Artificial Intelligence, data analytics, and machine learning.
Among the men, grand prize winner Mark Musinguzi of Hya Bioplastics wants to lead Africa in sustainable food packaging with an innovative biodegradable product solution that provides a cost competitive alternative to petroleum-based plastic packaging.
Generation Africa co-founder Svein Tore Holsether, CEO and President of Yara International, delivered keynote remarks at the final pitching contest to thank the finalists for their visionary work, remarking: “Once again, I am so impressed with the finalists. They are all truly inspiring and I see them as leaders and role models in a world that so desperately needs that kind of drive and dedication to solve the staggering global challenges we are faced with.”
AGRF Chair Emeritus Strive Masiyiwa, Generation Africa co-founder and Executive Chairman of Econet and Cassava Technologies, joined Holsether via video message to motivate the contestants to use their entrepreneurial spirit for positive impact: “From amongst you, are the very people who are going to save our continent and ensure that millions of people do not starve, ensure that millions of other people will be able to overcome the challenges created by climate change. […] The true winners are not going to be because you got a prize, but because you were inspired and encouraged to go on to do greater things with your entrepreneurial venture, and that you reached out where the need was greatest, and the help was least,” Masiyiwa said in a heartfelt appeal.
Embodying the spirit of Masiyiwa’s message, Generation Africa also recognized four Impact Award Winners for each venture’s potential to empower communities and protect the environment.
For Senegalese Seynabou Dieng, the company she co-founded, Maya, is much more than a food processing company. By partnering with small-scale local farmers in Mali, this 80% women-staffed company gets the best local ingredients to manufacture their proudly African sauces, spices, mixes, and dried fruits.
Nancy Iraba founded Healthy Seaweed Company to boost the livelihoods for women seaweed farmers in Zanzibar and to bring the health benefits of seaweed home through local value-addition and the promotion of seaweed as a sustainable and highly nutritious food source.
Noël N’guessan of LONO co-founded his business to focus on healthy soil. One of its products, KubeKo, helps farmers in Côte d’Ivoire to unlock value from their waste. This easy-to-use biogas composting system generates 2hrs of cooking gas and 50l of liquid fertilizer from 5kg of organic waste per day.
Eloge Niyomwungere and his business Best Food Solution processes chillies into oil, powder, and dried chillies for local and export markets. He founded his company to revitalise Burundi’s chilli industry by supporting smallholder farmers with quality inputs and guaranteed offset. They even manufacture an organic chilli-based pesticide to protect yields.
Marking the first in-person GoGettaz Agripreneur Prize Competition since 2019, the twelve finalists were elated for the post-pandemic opportunity to build relationships with a global complement of delegates attending the 2022 AGRF summit. They enjoyed facilitated participation at the AGRF Agribusiness Deal Room where they could build face-to-face trust with future partners, investors, and clients. Corteva Agriscience, one of Generation Africa’s co-founders, sponsored the finalists in their travels to the live event.
“By bringing them to Africa’s biggest agriculture summit we hope to catalyse relationships between these youth agripreneurs and global leaders in the industry. The GoGettaz Agripreneur Prize, and the networks and connections that come with it, is designed to empower the youth generation to scale their impact-driven agrifood businesses in the fight for a sustainable, African food system. It is wonderful to see this powerful platform back in action,” said Barbra Muzata, Head of Corporate Communications and Brand at Corteva Agriscience.
The fourth annual GoGettaz Agripreneur Prize reached nearly six million people during the entry window from 19 April to 6 June 2022. Applications streamed in from 45 African countries with 10 countries represented amongst the Top 12 finalists.
“GoGettaz has grown into the biggest, youth-focussed, agripreneurship competition in Africa. Our entries are becoming more diverse every year,” said Dickson Naftali, Head of Generation Africa. “The GoGettaz Agripreneur Prize was conceived to spread a message of hope and opportunity in the agrifood sector. Seeing more youth with truly innovate solutions, building companies that create jobs in the food system, makes me really proud. They hold the future of our continent in their hands.”
The 2022 Gogettaz Agripreneur Prize Judging Panel
George Apaka, Agriculture Sector Lead at the Mastercard Foundation
Barbra Muzata, Head of Corporate Communications and Brand at Corteva Agriscience, Africa and the Middle East
Edson Mpyisi, Chief Financial Economist and Coordinator of the ENABLE Youth Programme at the African Development Bank.
Ellen Cathrine Rasmussen, Executive Vice President of Scalable Enterprises at Norfund
Zvichapera Katiyo, Group CEO of Delta Philanthropies
Jane Lowicki-Zucca, Senior Youth Advisor at USAID
Temi Adegoroye, Managing partner at Sahel Consulting
Jean Muthamia-Mwenda, Global Lead for Youth Employment and Entrepreneurship at SNV Netherlands
Dent Agrisystems empowers poor urban households in Ghana with its environmentally sustainable Aquaponics Hub. Its innovative solar-powered, IoT-integrated system makes it easy for anyone to farm fish and grow hydroponic vegetables.
FarmerLifeLine invented a device that helps Kenyan farmers get ahead of pests and pathogens with a proprietary disease detection device that leverages solar-powered cameras, Artificial Intelligence, data analytics, and machine learning.
Nancy Iraba, Healthy Seaweed Company, Tanzania:
https://HealthySeaweedCafe.co.tz
Healthy Seaweed Company is boosting the livelihoods for women seaweed farmers in Zanzibar and bringing the health benefits of seaweed home through local value-addition and the promotion of seaweed products as a sustainable food source.
Maya is much more than a food processing company. By partnering with small-scale local farmers in Mali, this 80% women-staffed company gets the best local ingredients to manufacture proudly African sauces, spices, mixes, and dried fruits.
Pure and Just Food is all about climate-smart agro-processing that creates sustainable jobs, raises incomes, and protects the environment. They process and package dried fruit for Ghanaian and international markets.
Zima Healthy processes the pulp and seeds of organic pumpkins into healthy snacks, food ingredients, cooking oil and cosmetics. They employ youth and source their pumpkins from women and youth farmers in Rwanda.
Kepya is an agribusiness innovation hub with a network of rural shops and an online e-commerce platform. Kepya is improving rural livelihoods by bringing agricultural services and products to smallholder farmers across Angola.
Best Food Solution processes chillies into oil, powder, and dried chillies for local and export markets. They are revitalising Burundi’s chilli industry by supporting smallholder farmers with quality inputs and guaranteed offset.
Fidena Agri converts banana peels and eggshells into Eggo Farm, a low-cost organic fertilizer that gives crops the nutrients they need to boost yields by up to 45%. Its helping Uganda’s smallholder farmers to increase their profits.
Hya Bioplastics wants to lead Africa in sustainable, biodegradable food packaging. Its innovative business upcycles wasted agricultural fibres and casava starch into cost-competitive containers and fruit trays to replace plastic food packaging in Uganda.
LONO designed an innovative system that helps farmers in Côte d’Ivoire to unlock value from organic waste with KubeKo. This easy-to-use biogas composting system generates 2hrs of cooking gas and 50l of liquid fertilizer from 5kg of organic waste per day.
Solaristique is a recycling company that is tackling Nigeria’s food waste problem with an innovative solution that repurposes old freezers into a range of low-cost, hyper-efficient, solar-powered cold storage units for off-grid use.
Distributed by APO Group on behalf of Generation Africa.
Federico Petersen, Chief Commercial Officer of Golar LNG, will share his expertise on the future of LNG in Africa and the role of floating LNG solutions in driving the continent’s energy transformation at the Invest in African Energy Forum in Paris next month
PARIS, France, April 25, 2025/APO Group/ –Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen’s insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent.
As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations.
IAE 2025 (https://apo-opa.co/3ECl25b) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visitwww.Invest-Africa-Energy.com.To sponsor or participate as a delegate, please contactsales@energycapitalpower.com.
Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year.
The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen’s participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation.
As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa’s future, offering a reliable transition fuel to support the continent’s ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy.
Distributed by APO Group on behalf of Energy Capital & Power
Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023
LAGOS, Nigeria, April 25, 2025/APO Group/ –In a stunning turnaround, VFD Group Plc (https://VFDGroup.com), a proprietary Investment firm, has announced its audited financial results for the year ended December 31, 2024, showcasing exceptional growth. The journey to this milestone was paved with strategic initiatives and a relentless pursuit of innovation.
Just a year ago, businesses globally struggled with macroeconomic headwinds, and VFD Group, not an exception, reported a pre-tax loss of N1 billion in 2023. However, the team’s dedication and forward-thinking approach yielded impressive results. The Group reported a pre-tax profit of N11.2 billion, representing a 1202% year-on-year growth.
Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023. Net revenue increased by 90% to N71.0 billion, while operating profit grew by an impressive 104% to N48.8 billion.
The company’s financial performance was nothing short of remarkable, with notable achievements including:
– Investment and similar income: N74.6 billion, up 98% YoY
– Net investment income: N59.0 billion, up 95% YoY
– Net revenue: N71.0 billion, up 90% YoY
– Operating profit: N48.8 billion, up 104% YoY
– Pre-tax profit: N11.2 billion, a significant turnaround from a N1 billion loss in 2023
As of April 22, 2025, VFD Group’s market capitalisation surged by 116% to hit N121.6 billion from N56.2 billion year to date.
These outstanding results reflect the success of our team’s efforts. As VFD Group looks to the future, it remains committed to delivering exceptional value to its customers and stakeholders.
Distributed by APO Group on behalf of VFD Group Plc.
The African Energy Chamber is a strategic partner of the Namibia International Energy Conference, which kicked off today in Windhoek
WINDHOEK, Namibia, April 24, 2025/APO Group/ –As a strategic partner of the Namibia International Energy Conference (NIEC), the African Energy Chamber (AEC) (www.EnergyChamber.org) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration.
Speaking during a high-level panel at NIEC 2025, AEC Executive Chairman NJ Ayuk urged Namibia to seize the momentum of its frontier discoveries, while avoiding the pitfalls that have stalled progress in other hydrocarbon-rich African nations. He emphasized that Namibia’s path to becoming a regional energy hub hinges on its ability to learn from international case studies and execute deals that ensure long-term national benefit.
“Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries,” Ayuk stated. He pointed to Guyana as a prime example, noting how the South American country developed a robust strategy focused on national benefit and successfully attracted billions in investments to fast-track its energy projects.
Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries
In contrast, Ayuk cautioned against the delays experienced by countries like Mozambique, Tanzania, Uganda and South Africa, where production was significantly postponed, leading to rising project costs and lost opportunities. “There is a growing movement trying to discourage Africa – and Namibia – from producing its oil and gas. We must resist that,” he added.
Reinforcing the need for investor-friendly terms, Justin Cochrane, Africa Upstream Regional Research Director at S&P Global Commodity Insights, highlighted the necessity of contract stability, transparent data-sharing and a balanced approach to fiscal negotiations. “It’s natural that Namibia wants to maximize its benefits, but pushing too hard on IOCs can result in getting 100% of nothing… The first milestone must be achieving first oil,” said Cochrane.
Representing Namibia’s national oil company, Victoria Sibeya, Interim Managing Director of NAMCOR, stressed that the company is actively engaged in every phase of the industry, from data acquisition and exploration to shaping the downstream and midstream vision. “We are not just bystanders,” said Sibeya. “NAMCOR is deeply involved in data acquisition, exploration and the exchange of knowledge and technology with our partners. We are also preparing to invest in downstream and midstream sectors to ensure that we can add value once production begins.”
Echoing the call for local development, Adriano Bastos, Head of Upstream at Galp, underscored the need for early and continuous skills development – proposing that Namibians be trained abroad in specialized areas like FPSO operations to ensure they are prepared to lead once production begins at home. “Namibia has capabilities that are rare in the region, but more collaboration with international partners is essential to build the local skills base,” he said.
Bastos noted that Namibians make up 25% of Galp’s workforce in the country, including its first female offshore base manager. “We are proud of the strides we have made. Our nationalization plans are aggressive, and we work closely with [the Namibian Ports Authority] and other local entities to implement meaningful capacity-building projects.”
As Namibia stands on the cusp of transforming exploration success into production, the message from industry leaders is clear: time, trust and talent will determine the country’s trajectory. Through cross-border collaboration, pragmatic deal-making and a strong national vision, Namibia can emerge not just as an oil producer – but as a continental model for inclusive, forward-thinking energy development.
Distributed by APO Group on behalf of African Energy Chamber
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