A lot has been happening to Thrive Agric in the last couple of days owing to the current payout crisis in the company. The company has been unable to pay returns on investments made by subscribers. The subscribers took to social media to vent their anger even when the company said that the reason for the late payment was the COVID-19 pandemic.

So the company has made some organisational changes to steer the business out of her current challenges and prepare the company for the future. It announced the appointment of Adia Sowho as interim CEO to manage the current payout crisis. Before now, Adia was the Vice President for growth at fintech startup Migo and Director of Digital Business at 9 Mobile (Etisalat Nigeria).

According to a statement from Uka Eje, the co-founder, Adia is “to guide Thrive Agric through a turnaround exercise so that we survive the effects of the COVID-19 pandemic has had on the business.”

“Adia has a lot of experience with building businesses from the ground up and shaping them to operate at scale. I asked her to support us, recognizing that she has the required expertise to move us past this period successfully.”

Continue reading... https://innovation-village.com/thrive-agric-appoints-adia-sowho-as-interim-ceo-to-manage-payout-crisis/

Let's hope the company is able to weather the current storm and reposition itself