Zenvus Yield has updated its algorithms. We now process data on the fly. It is a monster mathematical model which is super amazing. We are now shipping this version to partners in development mode, via licensing. With that you can integrate our technology in your product. For end users, we are here to support you.
Zenvus – intelligent systems for agriculture.
Thrive Agric defaulted on its crowd-sourced investment commitments, creating the typical scenario which the Securities & Exchange Commission (SEC) Nigeria has been warning people for years. People had invested with promises of fixed percentage returns. But when Covid-19 came, Thrive Agric went into extended coma as farming systems froze. Unfortunately for the startup, the investors were promised an amount, and they rightly expected to be paid.
To cause more pain for the investors, Thrive Agric insurer, Leadway Assurance, just put out a statement, informing the world that it only insured the farms, not the individual deposit’s money. That complicates the whole system.
Expect the SEC to draw the hammer here and fines could fly. Unless Thrive Agric could raise money, and pay these investors, it could be in real troubles as the loop has been broken. Yes, not many people would be open to invest new resources, bringing the business model into paralysis.
That said, as individual investors, we need to understand the risks in these investments. Agriculture is a tough business and when someone is promising high returns, you need to understand the risks. The fact is this, running business operations in Nigeria at the moment is expensive. So, margins may not just be there for high payouts, no matter the promises on paper. Of course, that is not to say that people should not be paid as put on contracts.
Largely, this is a case study why government is not stupid when they put these regulations which many of us hate. Government wants to protect your N1 million and you are angry you cannot be allowed to get your “guaranteed N200k” yearly returns on your own money. Now, a bad thing has happened, and everyone is asking the government for help.
People, 9Mobile Nigeria has started growing again. That is a very good inflection point as the 4th mobile carrier added about 33,000 users in the month of August when compared to July. For months, 9Mobile has been bleeding users. So, that it added new users in two consecutive months should be seen as a welcome development. The new CEO, Alan Sinfield, may have a magic wand here.
Running out of funds, the Ushahidi team will be shutting down Crowdmap. In its golden moments, many donors supported this entity. Of course, you could argue that they ought to have grown to be self-sustaining by now. Yet, unlike in the past, there are many options now for Crowdmap; Google offers good alternatives.
We are reaching out to let you know of important changes concerning your deployment. Due to a lack of funding, which significantly affects our ability to keep it running safely and correctly, we will be shutting down Crowdmap by January 15th, 2021. After that date, all Crowdmap deployments will no longer be available.
In preparation, we have outlined the steps to migrate to our newer version of Ushahidi’s V3+ platform for all Crowdmap deployments. Kindly read through our blogpost which entails the procedure that will take place to ensure a smooth transition.
Finally, we wanted to thank all of you, from folks who have used Ushahidi tools to send an SMS report, to those of you who run complex deployments and help hundreds of people: thank you. We would not be able to exist without you, and our impact would certainly be much lower if it were not for the amazing people who have joined and figured out ways to make a difference in their community, gather data, and raise their voices to be heard by those in power.
That tweet was not accurate. Yes, the China-Onitsha shipping axis is not operational. We have a response from the shipping giant, Maersk. In a response to an inquiry about their operations in Onitsha Inland Port, Maersk said in an email response to Tekedia that the news has been inaccurate.
“There are some inaccurate news reports going around as we are not calling at Onitsha port with our vessels as this is not operationally feasible due to the draft of our vessels.
“We do however offer a through bill product for our customers in which cargo discharged at Onne is trucked to the Clarion Depot in Onitsha, which is roughly opposite the Niger River,” Kerry Rosser, Maersk Africa Communication Manager told Tekedia’s Samuel Nwite
Maersk Refutes Claims that Onitsha Inland Port is Fully Operational