Will a new CEO save Thrive Agric?

Adia Sowho is now the interim CEO of Thrive Agrice  in partnership with FLUTTERWAVE & ENDEAVOR 09.10.2020 In today's edition: -Agritech -The backend -Femtech PARTNER CONTENT  Bamboo, a Flutterwave merchant, gives you unrestricted access to over 3,000 stocks listed on the Nigerian stock exchange and U.S. stock exchanges, right from your mobile phone or computer. With as little as $20, you can create and fund your Bamboo account with your Dollar or Naira cards and through bank transfers. Start buying and selling shares or stock bundles (called Exchange Traded Funds) in just a few taps, begin [here](. STEADY THE BOAT How much does Thrive Agric owe its investors? If you believe the rumors, it's anywhere from ₦50 million to ₦200 million. But whatever extreme you believe, the truth is often shaped by agenda. Agend may move the needle... or did it? During the week, a few people reached out to me to give some context as to why Thrive Agric was defaulting on payments. Beyond bad economics, everything rang hollow. This [thread]( for instance, that an unpaid ₦50 million debt will damage the ecosystem.. It didn't end there. Under new management.... Adia Sowho, a former VP for growth at Migo is now the interim CEO of Thrive Agric. It's a move investors hope will show confidence. Ventures Platform, an early stage fund that invested in Thrive Agric released [this statement]( stating how Thrive Agric will act going forward: - Communication to subscribers via email, with a more complete explanation of how COVID-19 impacted farming operations with an expectation of repayment horizon - The commencement of active communications with concerned subscribers, via Zoom calls - The release of a robust FAQ online via Twitter which addresses many of their subscribers’ and stakeholders’ key concerns  THE BACKEND The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. This week, we're are talking how M-POKA connvinced Kenyans and Nigerians to buy smartphones in installments. By organising payments around the mobile phone, M-KOPA gives the user easy access. By automating the payments and connecting each device to a control room, the company is able to track its assets and drive repayment for the credit offered. Here's all the details you need. PARTNER CONTENT The events of 2020 prove that technology can be our most powerful asset to tackle social problems. On Oct 23, join Endeavor for a day of inspiring conversations with forward-thinking entrepreneurs who are building our collective future. [Learn more!](  FEMTECH Since the term was coined in 2016, femtech, a sub-sector in health technology dedicated to creating solutions that address female wellbeing continues to gain traction and attract VC funding globally. In Africa, however, the space is still very much in its budding phase. This segment is dedicated to telling stories of innovators, their solutions, the investors and challenges of the sector as it blooms in the continent. Even at infancy, here's an except from this article that makes a good argument for why you should read it: "Two months ago, we sought to understand how Nigerian women used a plethora of period apps for their reproductive health. We created a survey to find out which apps were common, what most women used it to track and what their disposition towards the privacy of their information on these apps were. Our survey reached women between the ages of 18 and 35, women at the peak of their reproductive life, more than half of which were single. Of the apps mentioned, two came out as the most popular period apps in use: Flo and My Calendar."  ON THE ROAD TO 30K SUBSCRIBERS If you're here, chances are that you really enjoyed this newsletter. So you should also know we're also trying to reach 30 thousand new subscribers by the end of the year. We know you love us so here's how you can help us achieve that. If this was forwarded to you, [Subscribe here](. You can also help us a lot by forwarding this to five of your friends.   Thank God it's Friday! - Olumuyiwa   Share TC Daily with your friends!    Copyright © 2020 Big Cabal Media, All rights reserved. You are receiving this email because you signed up on TechCabal.com Our mailing address is: Big Cabal Media 18, Nnobi Street, Animashaun, Surulere, Lagos Surulere 100001 Nigeria Add us to your address book Want to change how you receive these emails? You can update your [preferences](http://???) or [unsubscribe]( from this list. Sent to: {EMAIL} [Unsubscribe]( Big Cabal Media, 18 Nnobi Street, Surulere 23401, Lagos, Nigeria