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Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth - Agriculture - Nairaland

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Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth by Nobaafrica(m): 2:38am On Jan 04
Noba Africa, a leading agribusiness firm dedicated to enhancing food systems in Africa, recently released its Annual Report for the year 2023. Despite facing significant challenges, the report reflects the company's resilience, strategic adaptations, and continued commitment to fostering sustainable agricultural practices across Nigeria.

Mission and Vision: Noba Africa's mission is to create an enabling environment that stimulates participation in agriculture, drives sustainable profits, and enhances agro-food systems in Africa. The vision is to become the leading provider of agricultural solutions on the continent.

Business Overview: Operating in three locations across two states—Niger State (Bida & Lapai) and Kebbi State—Noba Africa has positioned itself as a major commodity supplier recognized by top food processing companies in Nigeria. The company's business portfolio includes commodity trading, seed production, and distribution, focusing on key commodities such as paddy rice, soybeans, sesame, and sheanut.

Management Messages: The Chairman and CEO shared insights into the challenges and triumphs of the year. The redesign of the naira notes, fuel price hikes post-election, and the lifting of the foreign exchange ban on rice significantly impacted trade volume and profits. However, strategic adjustments, including trading in Kebbi border using CEFA as currency, showcased the company's adaptability.

Despite the hurdles, Q3 saw Noba Africa surpassing revenue targets by over 7%. In Q4, the ban lift on foreign exchange for rice brought new opportunities, with investors showing increased interest. Notably, Noba Africa received NGN 128,000,000 from a local company for paddy rice procurement, and discussions with a financier of goods and distribution are underway.

Financial Highlights: The financial year ended with a net revenue of NGN 2,095,985,183.70, marking a 32% increase from the previous year. However, the return on investment (ROI) was 38.67%, slightly down from the targeted 50%.

Trade Volume and Profit Margin: The four main occurrences—Naira note redesign, fuel price hike, election, and foreign exchange ban lift—negatively impacted trade volume by 11%. Despite this, Noba Africa demonstrated a robust 653% revenue growth in the last three years, averaging 163% (YOY) annual growth.

Investment Opportunities: Looking ahead, Noba Africa is seeking to raise NGN 150,000,000 to fulfill orders. The company offers two modes of investment: conventional investment with returns between 18% and 24% per annum or ethical investment with a 5-6% quarterly return. The minimum investment amount is NGN 1,000,000.

Partnerships and Recognition: The report highlighted Noba Africa's achievements, including being recognized as a top supplier by Kiara Rice Mill and WASIL. The company also received appreciation from the Outgrower arm of FMN and an invitation from Sassakaw Global to lead their "Market Access Program."

Conclusion: Despite the challenges posed by a dynamic economic landscape, Noba Africa's Annual Report 2023 showcases its ability to navigate adversity and emerge stronger. The company's commitment to sustainable agriculture, strategic partnerships, and transparent communication positions it as an attractive opportunity for investors looking to contribute to Africa's agro-economic transformation.

For those interested in partnering with Noba Africa, the call to action is clear—invest in a venture that goes beyond profits, supporting a vision of agricultural prosperity and food security for the African continent.

Below is the attached .

Click the link for the report to download and read.

Join the WhatsApp group for the upcoming webinar and to also check out all our social media handles.

https://linktr.ee/nobaafrica

Re: Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth by Nobaafrica(m): 9:02am On Jan 18
Missed our live webinar?

No worries!

🚀 Catch the replay and join the conversation on the future of agriculture, sustainable practices, and investment opportunities with Noba Africa. 🌱✨

🗓️ Webinar Highlights:

Sustainable Agriculture Practices 🌍
Investment Opportunities in Commodity Trading 💰
Noba Africa's Vision for the Future 🚀

Watch the Replay here


https://www.youtube.com/watch?v=fe09SlZV8W0


💬 Join the Discussion:
Drop your thoughts in the comments! What insights are you taking away from this webinar? Let's hear your perspectives on transforming agriculture. 🌾💡

👍 Give us a LIKE, SHARE with your network, and stay tuned for more updates!

Phone: +2349069621465








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Re: Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth by Nobaafrica(m): 9:30am On Jan 19
Unlock Growth with Smart Investments in Agriculture!



Since our enlightening webinar, a wave of smart investors is seizing the opportunity to delve into our agricultural commodity trading.



Limited spots remain, and we're extending an exclusive invitation for you to join the league of strategic investors!



🌐 Investment Highlights:

Minimum Investment: #1,000,000

Potential ROI: Up to 24% per year



This isn't just an investment; it's a journey toward financial growth and a sustainable future.



Secure your spot now, as we pave the way for a new era in agribusiness.



📞 Dial 09069621465 or send a WhatsApp message to claim your spot before it slips away.



Act decisively, and let your investment flourish in the fertile fields of agribusiness!




https://www.youtube.com/watch?v=QQM8MpnTfBA?si=jFdLlbe3-OlSlIjH







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Re: Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth by Nobaafrica(m): 2:32pm On Feb 15
In Nigeria's expansive agricultural landscape, sesame emerges as a transformative crop, offering prosperity to local farmers and lucrative prospects for discerning investors. Noba Africa spearheads this agricultural revolution, welcoming investors to participate in the burgeoning sesame farming sector.









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https://www.youtube.com/watch?v=sN2wjjYPrWQ
Re: Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth by Nobaafrica(m): 6:16am On Feb 16
In the vast canvas of Nigeria's agricultural panorama, a green revolution is unfolding, promising not just sustenance but a path to prosperity. At its core is the versatile soya bean, transcending traditional farming to herald a new era of agricultural investment. This video explores the intricacies of soya beans farming in Africa, particularly Nigeria, extending an invitation to discerning investors to join Noba Africa on a transformative journey into agricultural commodity trading for substantial profit.



https://www.youtube.com/watch?v=Mv5ePq433D0


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Re: Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth by Nobaafrica(m): 2:15pm On Feb 22
Missed the live exploration into the heart of agricultural prosperity?

No worries! Catch the replay of Noba Africa's insightful webinar where we delved into the dynamics of Commodity Trading Firms (CTFs), origination, Out-Grower Management, and the art of getting it right.

Agenda Highlights:

Commodity Trading Firms (CTFs) Overview: Abdulrazak Najim (Founder) provides a comprehensive insight into the workings of CTFs.

Origination Unveiled: Dive deep into the significance of origination with Abdulrazak Najim.

The Concept of Out-Grower Management: Saidu sheds light on managing out-growers for community engagement.

Getting it Right – A Guide by Paul: Explore the critical steps for success in agriculture.

Noba Africa: Your Gateway to Agricultural Success: Discover why Noba Africa stands at the forefront of agricultural innovation and how we're shaping a sustainable future.

Our commitment to positive change and ethical practices makes us more than a business; we're your partner in agricultural prosperity.

🔗 Watch the Replay Here:
https://www.youtube.com/watch?v=nWqXQR4OzsE

Join the Agricultural Revolution:
Whether you're a seasoned investor or a newcomer to the world of agriculture, this replay is your gateway to knowledge and opportunities. Uncover the secrets of successful agribusiness and learn how Noba Africa is paving the way for a thriving agricultural ecosystem.

Stay Connected:
Don't miss out on future webinars, updates, and exciting developments. Subscribe to our channel, hit the notification bell, and be part of the Noba Africa community.

Noba Africa: Where Agriculture Meets Opportunity!




#Nobaafrica #agriculture #localfarmers #investing #farmers
Re: Noba Africa Annual Report 2023: Navigating Challenges, Embracing Growth by Nobaafrica(m): 8:58am On Feb 27
Embark on a Profitable Agricultural Investment Journey with Noba Africa!



Are you seeking an investment opportunity that combines financial returns with positive impact?



Look no further! Noba Africa invites you to join our transformative agricultural commodity trading investment.



Why Invest with Noba Africa:



Solid Returns: Earn up to 24% ROI per annum on your investment.



Sustainable Agriculture: Contribute to ethical and environmentally conscious farming practices.



Diversification: Expand your investment portfolio with commodities like paddy rice, sesame, soybeans, and sheanut.



Global Impact: Be part of an initiative driving positive change in agriculture.

Key Details:

Minimum Investment: #1,000,000

Returns: Quarterly payouts for conventional investment; 5-6% per quarter for ethical investment.

Limited Slots: Act fast as opportunities are limited!



How to Join:

🌐 Visit our website https://linktr.ee/nobaafrica

📧 Contact us at 09069621465 for detailed investment information.



Secure your spot and witness the growth of your investment.

Don't miss out on this chance to cultivate your wealth while contributing to sustainable agriculture. Let's grow together! #AgriculturalInvestment #CommodityTrading #ImpactInvesting #NobaAfrica #InvestmentOpportunity

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