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Page 1: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

A member of CGIAR consortium www.iita.org

Page 2: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

A member of CGIAR consortium www.iita.org

SIMBO ADEEKO,Founder/CEO, Shihor International [email protected]

• LL. B. (Lagos)

• MBA (Boston)

• UK Chartered Secretary and Administrator.

• Worked as legal counsel on major multi-million dollar corporate financing transactions.

• Resigned from full time law practice in 2014.

• She is very passionate about economic development and believes agriculture is the key to achieving this in Nigeria.

Page 3: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

SHIHOR INTERNATIONAL

LIMITED (SIL)

Agribusiness: For the young, smart and trendy

August 22, 2015

Page 4: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Outline

• Biography

• Why Agriculture?

• What do I do?

• The Process

• Recommendations

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Page 5: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Biography

• 2007 - Law degree from the University of Lagos

• 2008 - Barrister and Solicitor of Supreme Court

• Practised corporate finance law in Nigeria

• 2012 - MBA degree from Hult IBS, USA

• Continued corporate finance law in Nigeria

• 2013 - Started Agribusiness

• 2014 - Established Shihor Intl Lt82

Page 6: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Why Agriculture?

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Page 7: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Why Agriculture?

• Business opportunity• Low entry barrier• Food security• Trade balance surplus• Chaos = Opportunity• Government policies• Developmental impact

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Page 8: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

What do I do?

• Founder Shihor Intl Ltd (“SIL”)

• Strategy development and execution

• Partnership sourcing

• Funding

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Page 9: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Farming, Trading & Marketing

Farming maize and cassava

Currently researching on other viable products

Recently got government land allocation

Trading of Agricultural commodities

Developing an export plan for agricultural commodities

Researching on solid minerals

Marketing

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Page 10: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

The Process

It is ok to be confused about how to start,

BUT

IT IS NOT OK TO STAY CONFUSED!

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Page 11: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

What area of agribusiness value chain are you interested in?

– Farming

– Input and Equipment

– Processing

– Trading (Local and Export)

– Transportation

– Storage and Warehousing

– Marketing

– Financing

– Consulting

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Page 12: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Do your research!!!

• Secondary research– Webpages– Newspapers– Magazines– Books

• Primary research– Informational chats with industry

experts, government officials and others– Attend conferences and exhibitions– Trial project

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Page 13: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Evaluate your capabilities…

• Facilities e.g. land, vehicle etc

• Human resources

• Finances

• Skill sets

• Knowledge gap

• Mental and physical stamina

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Page 14: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Things to consider in planning your agribusiness

• Who will be your paying customers?

• What is your value proposition?

• How many paying customers can you get?

• What structures do you need to have in place?

• How much will be your operating cost?

• What is your profit margin?

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Page 15: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Recommendations

Entrepreneurs, government and donors can do more to improve

the performance of agribusinesses

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Page 16: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Recommendations

ENTREPRENEUR

• Start small before you scale up• Have realistic expectations• Don’t invest all that you have• Have a good financial integrity• Always evaluate your actual performance and

constantly work to improve• Don’t stop researching and seeking knowledge

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Page 17: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Recommendations

• Focus Areas

– Standards

– Markets

– Transportation

• Cross-cutting areas

– Education

– Technology

– Financial Services

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GOVERNMENT & DONORS

Page 18: A member of CGIAR consortium - Covenant Capitalcovenant-capital.org/website/downloads/agricseminar... · A member of CGIAR consortium SIMBO ADEEKO, Founder/CEO, Shihor International

Watch out!

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