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  |    Impact Investment   |   Our Portfolio    |  Elegance Agro-Allied

 

 

OUR PORTFOLIO: Elegance Agro-Allied Multipurpose Bussiness Limited

 

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RegCharles Finance and Capital Limited has Invested $100,000.00 into ELEGANCE AGRO-ALLIED MULTIPURPOSE BUSINESS LTD  to facilitate their agric supply chain business with their off-takers which include; Multitrex Integrated Foods Ltd, Olam Nigeria Ltd and Tulip Cocoa Processing Ltd.

 

Agriculture is the most important sector in the Nigerian economy. It employs 60% of Nigerians, including many rural women, and contributes up to 35% of the country’s GDP. As in many other African countries, agriculture in Nigeria is mostly focused on food crops for the domestic market, given the Nigerian population estimated at 150 million people. In spite of this reality, Nigeria remains a net importer of food, for many reasons.

 

First of all, the majority of the agriculture-focused operations in the country are small-scale, with limited innovation regarding inputs, harvesting, processing, distribution, and access to markets. The vast majority of people engaged in agriculture operates at the subsistence level, are uneducated and have limited access to training and funds.

 

Moreover, 95% of the country’s exports are dominated by petroleum and related products, which has shifted focus away from agriculture. As a result, until recently, there has been severe underinvestment in agriculture by the public and private sectors, civil society and bilateral and multilateral agencies. This has been intensified by weak, un-applied, poorly implemented and often conflicting policies at all levels of the state. Elegance Agroallied Multipurpose Business Ltd (EAMBL) is an agric multi-product trading company. The company was formally registered as Elegance Multipurpose Business Ventures but was subsequently restructured and re-incorporated with the new name in May 2013.

 

In addition of the company being registered in Nigeria by Corporate Affairs Commission, it is also duly registered with the Ministry of Trade and Investment as Cooperative Society in order to carry out effective Agricultural businesses and services to corporate, private and the public sectors.

The Company is a major trader of Cash Crops  produce such as Cashew Nuts, Cocoa Bean, Soya Bean, Groundnuts, Sorghum, Cotton Seed, etc.

 

Why They Came To us?

Elegance  Agroallied Multipurpose Business Ltd (EAMBL) needed Financial Support to meet their Customers’ demand. Being a co-operative of farmers that trades in agricultural produce, they needed support in the areas of Capacity Development and Finance from a financier who could understand their situation. This group of farmers do not have structure or collateral to assist in the facilitation of their needs. RegCharles Finance and Capital Limited, apart from the financial support will be assisting them with Capacity Development Programs in the areas of financial management, IT skills and business sustainability; business incubation and acceleration services in addition to other value adding propositions.

 

RegCharles Agricultural Investment Funds is a product designed to mop up investment from the general public which is then  channeled towards financing of businesses involved in

      •  Crop Production

      •  Animal husbandry

      •  Agricultural processing activities

      •  Development and promotion of non-oil and other commodity exports

      •  Other agricultural related activities and the associated value chain (production, processing, warehousing, marketing and  exportation)

 

At RegCharles, one of our strategy intents is to support the growth of the agricultural sector and the real sector of the economy which contributes significantly to the GDP.

The proceeds of the funds are directed towards:

 

      •  Fast-tracking the development of the Agricultural sector of the Nigerian economy by providing credit facilities to small and  medium scale commercial farmers

      •  Easde of access to international market and to invigorate wealth creation and reduce poverty.

      •  Enhancing national food security by increasing food supply and effecting lower agricultural produce and product prices, thereby promoting low food inflation;

      •  Bringing down the cost of credit in agricultural production to enable farmers exploit the untapped potentials of the sector,

      •  An increase in output, employment generation, entrepreneurship promotion, raise level of foreign exchange earnings and provide input for manufacturing and processing on a sustainable footing.

 

The potency of the agribusiness sector in Nigeria is huge. The country has a solid foundation to build upon. With investors funds we keep impacting lives!

 

Click to read on RegCharles' other Impact Investment

      •  Vglamour Creations Limited

      •  Wawe Car Wash

      •  Sarvil Limited

      •  Purio Nigeria Limited

      •  Everight Diagonistics and Labouratory Services

      •  Capelli Beauty Salon & Spa Centre

      •  Coldstone Global Synergy Limited

      •  Sonil International Limited

 

 

 

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