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ThriveAgric Emerges 2022 Global Winner of Visa Everywhere Initiative

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L- r: Otto Williams, Senior Vice President, Head of Product, Partnerships, and Digital Solutions CEMEA, Visa; Ayo Arikawe, Co-Founder ThriveAgric and Global Winner Visa Everywhere Initiative 2022; Andrew Torre, Regional President for Central and Eastern Europe, Middle East and Africa, Visa, at the just concluded finale of the Global Visa Everywhere Initiative in Doha, Qatar.
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Thrive Agric, a fintech providing smallholder farmers access to finance, insights and distribution was crowned 2022 winner of the Visa Everywhere Initiative (VEI) – a global open innovation program and competition for start-ups and fintech companies. Thrive Agric is also the winner of the Visa Direct award for its role in shaping the future of money movement in Nigeria.

Taking place in Qatar alongside the FIFA World Cup 2022™, the global finale was preceded by a year-long competition that saw more than 4,000 entrepreneurs across the world entering innovative ideas to solve the payment challenges of tomorrow.

In addition to the overall winner, the following prizes were awarded:

  • 2nd place: Zeti, a fintech enabling pay per use financing of sustainable transport.
  • 3rd place and Audience Favourite: Huli, a platform that connects patients, doctors, and other healthcare services.

“This year, more than 4,000 fintechs participated in the global Visa Everywhere Initiative, including a record 1,130 applications from Central Europe, Middle East and Africa,” said Andrew Torre, Regional President for CEMEA, Visa.

“A new fintech generation is transforming the way consumers and businesses make payments, making it easier for more people to access and move money when they need it. We congratulate Ayo and all the winners in this year’s competition, and we look forward to continue partnering with fintechs to solve the payments challenges of tomorrow”.

Ruben Salazar, Senior Vice President and global head of Visa Direct, said: “As we strive to create more ways for people, SMBs, and larger businesses to participate in the global economy, the VEI competition provides a unique insight on how fintech are helping shape the future of money movement and expanding access to underserved markets and regions. Today’s Visa Direct Award winner will have access to modern tools and teams that help enable global money movement to billions of endpoints worldwide¹.”

The event brought together Visa and industry thought leaders and a previous Visa Everywhere Initiative winner to celebrate the innovative fintechs and their solutions. Wade Arnold, founder and CEO of Moov Financial and 2021 Visa Everywhere Initiative North America and Global winner returned as a judge, with special guest Visa’s Dr. Saeeda Jaffar hosting a fireside chat with football legend Marcel Desailly.

Ayo Arikawe, Co-Founder of ThriveAgric and now winner of both the global and the CEMEA competitions, delivered his pitch on how his sfintech is enabling strategic partnerships with financial institutions and agriculture value chain players to provide smallholders with financial services, agriculture inputs, extension, market linkage, e-commerce, and payment services.

“As a central part of the Nigerian economy, agriculture is the livelihood and main source of income for many of our people. The hard work we’ve put into ThriveAgric will ensure that technology is leveraged to empower farmers across the country. To not only win the CEMEA regional VEI competition but also pitch at the final here in Qatar gives me great confidence in our ability to scale our solutions and continue to enrich farmers’ lives,” said Ayo Arikawe.

About the finalists of the Visa Everywhere Initiative

Ayo Arikawe of Thrive Agric (Central Europe, Middle East and Africa) – Providing small holder farmers access to finance, insight and distribution.

Ayo co-founded Thrive Agric a platform that connects farmers to finance, best practices and market. Since launching in June 2017 they have worked with over 250,000 farmers across 23 states in Nigeria.

Thrive also opens up its platform to financial service providers, insurers, lenders which allows them to access data from the farmers and share value among each other.

Thrive’s farmers grow 7% of the maize consumed in Nigeria. Ayo is an Alumni of Ycombinator and Google Launchpad. He was Top 10 in Jack Ma African Netpreneur Prize and a YTech 100 recipient by the Future Awards Africa.

Mriganka Pattnaik of Mriganka Pattnaik of Merkle Science (Asia Pacific) – Merkle Science is the next generation predictive Web3 risk & intelligence platform

Merkle Science is the next generation Web3 risk mitigation, compliance and forensics platform.

They work with crypto and DeFi businesses, blockchain bridges, NFT players, retailers, financial institutions, insurers and government agencies around the globe.

Their focus on multi-chain and liquidity pool analysis, real-time transaction monitoring and predictive and machine learning-driven analytics provides our clients with best-in-class solutions and enables Web3’s safe and healthy growth.

Dan Saunders of Zeti (Europe) – Fintech enabling pay per use financing of sustainable transport

Zeti helps organisations adopt zero emission vehicles (ZEVs) by making it as simple, easy and transparent as paying for a utility. Powered by real-time data, Zeti’s software improves the financial viability of ZEVs for organisations, generates attractive returns for financiers, and helps manufacturers to sell their vehicles.

Christine De Wendel of Sunday (North America) – The fastest digital payment for restaurants and the industry’s future 

 Christine de Wendel is co-founder and CEO NOAM of Sunday. Prior to this, she was Chief Operating Officer of ManoMano, one of France’s fastest growing tech companies and Europe’s leading online platform for home improvement.

 

Before joining ManoMano, Christine spent seven years at Zalando, Europe’s largest online fashion retailer, where she built up Zalando’s French business. Christine is passionate about the European tech industry and has become an expert in scaling start-ups. Christine holds a BSc in International Affairs from Georgetown University, an MSc in International Relations from the London School of Economics and an MBA from INSEAD.

Alejandro Vega of Huli (Latin America) – Platform that connects patients, doctors and other healthcare services

Alejandro Vega is the CEO of Huli, a Latin American digital healthcare startup. Before founding Huli, Alejandro worked in investment banking where he worked on several cross-border M&A deals.

He also worked in General Electric, where he graduated from the Operations Management Leadership Program. Alejandro is a graduate of the University of Pennsylvania, where he obtained an MBA from the Wharton School.

He is a Fellow of the Lauder Institute Global MBA program and an alumnus of the Portuguese international program. He graduated Summa Cum Laude as an Industrial Engineer from Louisiana State University.

 


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AfDB, Aerosense Ink Agreement to Propel Drone Adoption in Africa

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The African Development Bank (AfDB) and Aerosense Inc, a Japanese drone manufacturer, have inked an agreement to expand cooperation and initiatives in drone technology in Africa.

According to the AfDB, representatives from both organisations signed a Letter of Intent late last week on the sidelines of the ninth Tokyo International Conference on African Development in Yokohama, Japan.

The agreement was signed by Solomon Quaynor, AfDB’s vice president for private sector, infrastructure, and industrialisation, and Kohtaro Sabe, Aerosense’s president and CEO.

In June, the AfDB Sustainable Road Maintenance Program for Africa issued a request for proposals, and the company was chosen.

The agreement formalises a relationship of mutual cooperation, assistance, information and knowledge sharing between the two institutions, as well as the exploration of co-financing and deal opportunities and appropriate coordination of actions between them and their respective teams, with a focus on the promotion of sustainable infrastructure solutions in Africa, according to the bank.

In addition, the AfDB will assist collaboration with the public sector, lead awareness-raising initiatives, support capacity building for local partners, and investigate potential debt (and/or equity) financing support for drone deployment projects.

Aerosense will conduct demand studies for drone solutions in specific African markets, as well as technical feasibility studies for drone application, taking into account local geographical factors, and investigate potential deployment options based on positive feasibility study results.

“The program is a bold response to Africa’s growing infrastructure challenges. By partnering with Aerosense, we will not only promote efficient road management but also consider promoting other unique solutions such as disaster management, river/flooding control, agricultural sensing, and medical equipment delivery,” said Quaynor.

For Sabe, the project is about leveraging multinational technological solutions to address African challenges.

He said: “It is a great honour to serve the people in Africa with our Japanese technology for enhancing their quality of life. We are looking forward to collaborating with AfDB to build a better future together in a concrete manner.”

 


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Nigeria Taps $190M JICA Loan to Power Underserved Communities

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Nigeria is seeking a $190 million renewable energy loan backed by the Japan International Cooperation Agency (JICA), according to Adebayo Adelabu, minister of power.

Minister Adebayo-Adelabu

In a statement released by the ministry on Saturday, Adelabu disclosed the plan during the 9th Tokyo International Conference on African Development (TICAD 9) in Yokohama, Japan, where the Nigerian delegation led by President Bola Tinubu held high-level discussions on power, infrastructure, and industrial transformation.

Adelabu said the facility is aimed at scaling distributed renewable energy solutions across underserved communities. “This builds on the recently launched $750 million World Bank Distributed Access through Renewable Energy Scale-up (DARES) programme under the Mission 300 Compact, which aims to bring clean and reliable electricity to more than 17 million Nigerians,” the ministry said.

The minister also held talks with Japanese corporations including Toshiba, Hitachi, Japan’s transmission and distribution corporation, and energy exchange corporations. Discussions focused on strengthening transmission infrastructure, improving operational efficiency, and cutting system losses.

The ministry said these engagements build on recent Federal Executive Council approvals for counterpart funding of N19.08 billion to unlock a $238 million loan from JICA. The loan will finance the expansion of the national grid, including the construction of over 200km of new 330kV and 132kV double circuit lines, six new substations, and extensions to existing facilities.

Three substations funded through a $32 million JICA grant—located in Apo (FCT), Keffi (Nasarawa), and Apapa (Lagos)—are also set for commissioning, a move expected to boost supply reliability for households, industries, and business hubs, including the Lagos Port.

Speaking during a panel session themed “HICKARE Africa: Harnessing Innovation, Co-creation, and Knowledge for Accessible and Resilient Energy for Africa”, Adelabu highlighted Nigeria’s energy gap, noting that only 55–60 percent of the population currently has access to electricity, much of which is unreliable.

He outlined the government’s approach to expand grid access in urban areas while accelerating off-grid solutions such as solar mini-grids and standalone systems in rural and peri-urban communities. He pointed to challenges including limited access to affordable capital, high costs for rural households, and the under-utilisation of productive-use equipment.

Despite these hurdles, the minister reaffirmed the government’s commitment to reforms through supportive policies, private-sector collaboration, and increased local manufacturing of renewable energy components.

Adelabu commended JICA and the Japanese government for their “long-standing support” to Nigeria’s power sector, praising their contributions to infrastructure, training, technical studies, and financing. He expressed optimism for deeper partnerships between both countries in driving Nigeria’s energy transition.


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Banigbe, T2 CEO says Nigeria’s Growth Hinges on Learning, Innovation, and Afrocentric Content

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Obafemi Banigbe, chief executive officer of T2, has stressed that Nigeria’s long-term economic transformation depends on continuous upskilling, digital learning, and workforce adaptability.

Speaking as Special Guest at the 32nd Annual Trainers’ Conference (ATC 2025) of the Nigerian Institute of Training and Development (NITAD), held recently at the Shehu Musa Yar’Adua Centre, Abuja, Banigbe warned that without deliberate investment in human capital and technology-driven innovation, the nation risks lagging behind in a rapidly evolving global economy.

Drawing from personal reflections, practical insights, and a forward-looking vision, Banigbe urged Nigerians to reimagine approaches to learning, work, and growth in order to build a prosperous, inclusive, and innovation-led society.

He emphasized that the traditional model of “learning once and working forever” is obsolete.

“With Nigeria projected to become the world’s third most populous nation by 2050, and 70 percent of its citizens under 30, the need for continuous upskilling, digital learning, and adaptability is not optional, it is existential,” he stated.

Banigbe underscored the importance of democratizing access to digital tools, ensuring that every Nigerian child has the same opportunities as peers in developed economies.

He called for the creation of Afrocentric educational content, including culturally relevant cartoons, to help children learn science, mathematics, and history through familiar cultural references rather than foreign identities that disconnect them from their environment.

He also urged a national shift away from a culture that prizes certificates and training hours to one that rewards competence, innovation, and problem-solving.

He envisioned a civil service and workforce driven by solutions rather than processes, stressing that while artificial intelligence may analyze and automate, it cannot dream, uphold ethics, or create new nations, a reminder of the enduring human advantage.

Banigbe further encouraged adoption of cost-effective training models such as online platforms, virtual cohorts, and open-source learning, while acknowledging the continued value of global exposure where local resources fall short.

During an interactive question and answer session, he addressed concerns around affordability, accessibility, and the role of self-driven digital education in shaping Nigeria’s future-ready workforce.

He assured participants that T2 itself is on a path of transformation, committed to delivering world-class services as a proudly Nigerian brand.

In recognition of his contribution to national dialogue and thought leadership, the President of NITAD, James Bulus, presented Banigbe with an Award of Excellence.


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