BrandArena: Onyeka Akumah Takes a Bow After 5 Years As Chairman, Exits Farmcrowdy

Wednesday 16 March 2022

Onyeka Akumah Takes a Bow After 5 Years As Chairman, Exits Farmcrowdy

Farmcrowdy, a worldwide Agri-tech firm dedicated to fixing inefficiencies in the agricultural value chain, has announced Onyeka Akumah's departure as Chairman and Shareholder.

Farmcrowdy began as a crowdfunding platform with the goal of improving food security in Nigeria. Before fully pivoting to a digital agriculture platform focused on these six businesses – Farmcrowdy Structured Finance, Farmcrowdy Insurance, Farmcrowdy Marketing, Farmcrowdy Tech & Data, Farmcrowdy Foods, and Farmcrowdy Aggregation – it crowdsourced from individuals and corporations via its online platform.

During his tenure at Farmcrowdy, Onyeka led the company through significant milestones which include closing a whooping $2.4m in equity investments, acquiring Best Foods in 2020 and changing the way Africans saw Agriculture with his famous quote that “Agriculture is trendy for young people to build businesses”. Beyond these major achievements, it is worthy to note that Farmcrowdy was the second startup ever from Nigeria to get into Techstars Atlanta and won the Presidential Award which was conferred with the National Productivity Order of Merit award by President Muhamadu Buhari in 2019.

Speaking on the exit from a statement to Farmcrowdy staff, Mr Akumah had this to say, “My tenure at Farmcrowdy was a very challenging and fulfilling time which saw so much sacrifice, sleepless nights, hectic travel schedules, fun, tears, laughter, innovation, creativity and time spent building one of the most respected brands in the Agriculture and Technology space in Africa. It was not a walk in the park to change how people saw Agriculture and believed in its capability to build a business from in the technology space. I think we did our bit there and I’m grateful for all we accomplished. I have now stepped down as the Chairman of the Board of Directors after 5 years of serving in this capacity.

Onyeka will continue to lecture at the Rome Business School where he teaches on Entrepreneurship & Marketing to MBA Students. With his background in Software Engineering and over 16 combined years of experience in the corporate and startup world including Deloitte, British Council and GTBank, Onyeka is famous for his early foray in the startup world. He was an early employee in renowned startups like Rocket Internet’s Jumia, Tiger Global’s funded Wakanow, Konga and Travelbeta. He has exited two of his startups and for his entrepreneurial career, it is understood that Onyeka will focus on growing his 2-year-old transportation start-up Treepz Inc.

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