Ifeanyi Okeleke operates at least three agribusiness firms in Nigeria, spanning cassava, palm oil, and poultry. In 2023, he secured more than N150 million from two equity investors. The following year, he took a N250 million loan to scale up his palm oil processing operations. “I use hybrid financing to raise sufficient capital for expansion,” said Okeke, chief executive of Kenfrancis Farms. “Sometimes equity alone isn’t enough, so we combine it with debt. That’s how we grow.” For Matthew Debola, CEO of a Lagos-based fintech firm, gran
Ifeanyi Okeleke operates at least three agribusiness firms in Nigeria, spanning cassava, palm oil, and poultry. In 2023, he secured more than N150 million from two equity investors. The following year, he took a N250 million loan to scale up his palm oil processing operations. “I use hybrid financing to raise sufficient capital for expansion,” said Okeke, chief executive of Kenfrancis Farms. “Sometimes equity alone isn’t enough, so we combine it with debt. That’s how we grow.” For Matthew Debola, CEO of a Lagos-based fintech firm, gran