• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

Fintech company Cellulant takes its E-wallet solution to Afghanistan

Onome Ohwovoriole by Onome Ohwovoriole
August 8, 2017
in Company News
Fintech company Cellulant takes its E-wallet solution to Afghanistan
Share on FacebookShare on TwitterShare on Linkedin

Nigerian tech company, Cellulant is expanding its operations to Asia as it is partnering with the Afghanistan Ministry of Agriculture on Agrikore, its e wallet solution. The company had in June this year arranged a $100 million loan for Nigerian farmers in partnership with a consortium of banks.

What farmers stand to gain

Farmers get access to fertilizer on time and at an affordable price. In schemes like this, farmers either get the fertilizer too late or at massively inflated prices. This then leads to poor yields, and impoverishes the farmers. For a country recovering from war, feeding its population will be a priority.

The Afghan government also benefits

Input schemes sponsored by the government are often inefficient with the products getting to the farmer too late, or at an inflated cost. The cellulant e wallet gives the government a bird’s eye view of its exact spending and the recipients of the fertilizer. Nigeria’s Ministry of Agriculture has also embraced the e wallet solution in its own fertiliser distribution programme. Afghanistan, just recovering from a war, has struggled with corruption in government spending. The Afghan government had earlier adopted a similar solution to pay its policemen.

RelatedStories

CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022
How Nigerians, others can explore opportunities in cross-border trade- CELLULANT’s CEO

How Nigerians, others can explore opportunities in cross-border trade- CELLULANT’s CEO

September 28, 2022

Cellulant

Cellulant will earn revenue in dollars, which translates to massive gains when converted to Naira. Success of the scheme will give it to an inroad into other countries in the Asian continent, as well as more business in the country, thus diversifying its revenue stream from Nigeria, and other African countries.

Cellulant was founded by Ken Njoroge (a Kenyan) and Bolaji Akinboro (a Nigerian) in 2004. The company’s initial focus was providing music and news content through mobile for its customers in Kenya and Nigeria. In 2005, the company began to develop mobile money solutions, and in 2014 it was awarded a mobile payment license by the Central Bank of Nigeria (CBN), and partnered with the federal government on a mobile wallet scheme to supply farmers fertiliser. Cellulant currently provides services to over 10 million customers across several African countries including Liberia, Kenya, Zambia, Botswana and Ghana.

Tags: AfghanistanCellulantNews Review
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
How Nigerians, others can explore opportunities in cross-border trade- CELLULANT’s CEO
Exclusives

How Nigerians, others can explore opportunities in cross-border trade- CELLULANT’s CEO

September 28, 2022
UBA partners with Cellulant to expand its reach in 19 markets across Africa
Corporate Press Releases

UBA partners with Cellulant to expand its reach in 19 markets across Africa

March 19, 2022
Regulators have critical roles in the growth of Africa’s digital payment ecosystem - Cellulant Group CEO
Business News

Regulators have critical roles in the growth of Africa’s digital payment ecosystem – Cellulant Group CEO

October 31, 2021
Nigeria’s energy resources and underdevelopment: Lessons from Afghanistan
Op-Eds

Nigeria’s energy resources and underdevelopment: Lessons from Afghanistan

August 29, 2021
Taliban control of Afghanistan: What are the implications for Nigeria?
Business News

Taliban control of Afghanistan: What are the implications for Nigeria?

August 19, 2021
Next Post
This Is How Mobil Shareholders Can Reap A Staggering 129% Profit On Their Shares

Mobil Oil Nigeria has changed its name to 11 (Double One) Plc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Superman opens with N133.7 million ticket sales at Nigerian box office
  • WHO, UNICEF warn of rising immunization gaps as nearly 20 million infants missed vaccination in 2024 
  • CAC flags three cooperative societies for using fake incorporation certificates in Nigeria 

Follow us on social media:

Recent News

Superman opens with N133.7 million ticket sales at Nigerian box office

Superman opens with N133.7 million ticket sales at Nigerian box office

July 15, 2025
polio immunization

WHO, UNICEF warn of rising immunization gaps as nearly 20 million infants missed vaccination in 2024 

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics