Isaac Osei, a Ghanaian agripreneur with Digiext has emerged winner of the maiden edition of the AgroMinds Africa Challenge. He was awarded a cash prize of $170,000.
Out of this, $120,000 will be in exchange for 20% of his company from Jerry Parkes of Injaro Agricultural Holdings and $50,000 also in exchange for 12% of his company from Francis Osei of IESO Agribusiness Consult.
Isaac Osei describes himself as an analytical and goal-oriented engineer open to learning and adapting to new opportunities.
He is a 70% shareholder in Digiext, an agribusiness that converts rice straw into plastic products. In 2020, the company generated over $700,000 in revenue and a net profit margin of 31%.
Osei is currently pursuing a master’s degree in Business Administration at Franklin University. He had his senior high school education at Opoku Ware School, but undertaking his undergraduate education in Electrical and Computer Engineering at the University of Orleans.
The funds received from the AgroMinds Africa Challenge shall be used to upgrade the company’s processing plant from a smaller scale to larger scale processing plant.
The AgroMinds Africa Challenge is a financial empowerment platform that supports youth-driven and youth-led agribusinesses across Africa with equity financing, technical and network support to grow and scale their agribusiness ventures of up to $150,000.
In the maiden edition of the Challenge, 30 finalists were shortlisted from 12 African countries and with combined revenues of $7.6m. The average revenue per finalists was $263,000.
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