Blog Post

The Company

Noba Africa Agro Allied Limited is a Nigerian B2B food, feed and fibre producer, processor, and distributor established in 2020 in response to the need for a more viable, productive, and supportive infrastructure to help small–scale farmers increase farm yield and production capacity through access to markets, development and distribution of high quality seeds, other agro-allied inputs and services.

 

The Company's vision is to be the leading provider of agricultural solutions in Africa through leveraged partnerships, with a goal to optimize profitability and support the continent's ongoing efforts to be food secure, and self-sustaining, whilst still creating value for our present, and future shareholders.

 

Our Business Model

NOBA Africa works with farmer ciooperatives and producer organizations to source high quality agricultural produce (notably maize, rice paddy, soybean, shear butter) at competitive prices which are in turn supplied to agro processors. We also offer investment opportunities to high net worth individuals (HNI) with liquidity to invest into our business at unbeatable returns.

 

Q3-2024 & HY1 2024 Performance Highlights

The company made an outstanding performance in Q3-2024 trading 1,368 tons of commodity. 1,280.423 metric tons of Shea nuts and 87.831 metric tons of other investments (Paddy rice and Sesame seeds). A total revenue of N670,977,528 was made with a 11.8% ROI. Eleven million, Two Hundred and Thirty Thousand Four Hundred and One Naira (N11,230,401) was paid out on at the end September 2024 according to the terms of contrual obligation to our esteemed investors who reposed conbfidence in us wuith their hard earned money. The payment represented a 9% increase over the dividend payment of N10,300,221 in Q2 as a consequence of new investors joining the company as well as injection of additional funds by existing investors.

 

For the year January to September 2024, a total 1,754.80 metric tons of agricultural produce (namnely paddy rice, shea butter, maize etc) were traded generating a gross revenue of N1,673,922,890 with a 37.85% ROI for the nine month period. A total of N29,564,598was paid out to our esteemed investors during the period.

 

 

Year 2024		Quantities of produce Traded, mt	Revenue Generated N		ROI, %	Dividend Paid Out
Q3		1,368.00	670,977,528		11.80	11,230,401
Q2		741.45	421,678,650		10.35	10,300,221
Q1		1,013.35	581,266,712		15.70	8,033,976
Total	3,122.8		1,673,922,890	37.85		29,564,598

 

Recognitions

1. Top Supplier in Bida, Nigerr State by West African Soy Industry Limited (WASIL)
2. Major Supplier by Kiara Rice Mill, Niger State
3. Africa’s 10 Most Empowering Business Leaders to watch out for in 2024, CIO View Magazine

 

Investment Announcement

At Noba Africa, transparency and integrity remain at the core of our investment philosophy. We are pleased to announce our continued commitment to ethical investment, where investors share both the profits and losses equally with us on a 50/50 basis. This model offers a dynamic and transparent approach to investing, allowing investors to participate directly in the market's performance. To ensure full transparency, we provide quarterly reports every three months, detailing the gains and losses to keep our investors fully informed.

We also wish to inform our esteemed investors of the temporary suspension of our conventional fixed-rate investment package. While this package will no longer be available to new investors, those currently on the conventional investment plan can continue to enjoy their existing benefits and are welcome to make top-up investments to their portfolios. Our ethical investment option remains open to all, providing a flexible and rewarding way to invest with Noba Africa.