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Onyeka Akumah

Onyeka Akumah Steps Down As Farmcrowdy CEO After Spearheading Agritech Startup to Break Even

  • Akindele Philips takes over as CEO
  • Akumah will become Executive Chairman of Farmcrowdy and focus more on Plentywaka

Onyeka Akumah has stepped down as CEO of Farmcrowdy, Nigeria’s leading agricultural digital platform which he founded in 2016 alongside Akindele Philips, Ifeanyi Anazodo, Christopher Abiodun, and Temitope Omotolani. Akumah made the announcement today on his personal blog.

Reeling out some of his achievements as CEO of the agritech startup, Akumah said: “We have seen engagement with the first farmer in Ibadan to growing our network to over 400,000 farmers. We started as a crowdfunding platform, built a team I’m absolutely proud of, acquired the 3rd largest meat processor in Lagos, sold one of our businesses (the crowdfunding business – Crowdyvest), raised over $17m USD for farmers, engaged with stakeholders, governments and policy makers to improve agriculture with technology.”

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Beyond the aforementioned, one key accomplishment that Akumah will definitely be proud of is that Farmcrowdy has broken even and “is heading towards profitability in Q1 2022.”

Akindele Phillips will take over the reins of running Farmcrowdy’s day-to-day operations from today while Akumah will assume the role of Executive Chairman.  

On his future plans, Akumah said he will focus on building Plentywaka.

“I will now seatback to provide the necessary support needed for the business from a board level and will continue to give any strategic advice when called upon to grow Farmcrowdy into new frontiers.  

“Also, I will be focusing more attention on Plentywaka going forward as CEO to build the most respectable Transportation-Technology company from Nigeria.  

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