John Alamu
John Alamu Adedamola | |
|---|---|
| Born | 21 August 1992 |
| Alma mater | Federal University of Agriculture, Abeokuta Olabisi Onabanjo University |
| Occupation(s) | Founder and CEO |
John Adedamola Alamu (born 21 August 1992) is a Nigerian entrepreneur. He is the founder and Group Managing Director of CapitalSage Holdings, a conglomerate with interests in fintech, agribusiness, manufacturing, and healthcare. Alamu also established Johnvents Group, an agribusiness and manufacturing company operating across Africa, Asia, and the Middle East.[1][2][3][4]
Early life and education
[edit]Alamu was born on 21 August 1992 in Nigeria. He earned a Bachelor of Science degree in Statistics from the Federal University of Agriculture, Abeokuta, in 2012. He later obtained a Postgraduate Diploma and a Master of Science in Statistics from Olabisi Onabanjo University in 2015 and 2016, respectively.
Career
[edit]Early career
[edit]Alamu began his professional journey as a Monitoring and Evaluation Specialist at the International Institute of Tropical Agriculture (IITA).[5] He subsequently worked as a consultant for organizations including Catholic Relief Services (CRS), the Food and Agriculture Organization (FAO), and the International Fertilizer Development Center (IFDC), focusing on agricultural research and data analysis.[5]
CapitalSage Holdings
[edit]In 2014, Alamu founded CapitalSage Holdings, initially operating as a microfinance institution. The company has since experienced diversified operations in fintech, agribusiness, manufacturing, and healthcare. Its fintech arm, CapitalSage Technology, encompasses platforms such as Kolomoni and Ercas, aiming to enhance financial inclusion across Africa. As of 2022, CapitalSage expanded its operations to countries including Kenya, the Benin Republic, The Gambia, Cameroon, and Togo.[6][7][8]
Johnvents Group
[edit]In 2016, Alamu established Johnvents Group, focusing on the agricultural value chain. In 2023, Johnvents acquired Premium Cocoa Products Ile-Oluji, a 30,000 metric ton cocoa processing facility, enhancing its processing capacity. In 2021, the then Ondo State Governor, Rotimi Akeredolu commended Johnvents for its massive cocoa investment in the state during the official commissioning of its 15,000 metric tonnes.[9][10] In October 2023, the African Export-Import Bank (Afreximbank) signed a term sheet with Johnvents Industries Limited for a US$40 million pre-export facility to support the processing and export of agricultural commodities.[11][12] By 2024, the group had become Nigeria's largest exporter of sesame seeds, generating significant export revenue[13][9][14][15]
Initiatives and recognition
[edit]Alamu has been involved in initiatives aimed at supporting farmers and promoting sustainable agricultural practices. In 2024 Alamu was able to help Johnvents secure a ₦35 billion financing agreement with the International Finance Corporation (IFC) to support its cocoa operations.[16] In 2025, Johnvents Group received a $40.5 million investment from British International Investment to optimize production efficiency and strengthen sustainability programs[4][17][18][19]
References
[edit]- ^ "We're working on boosting cocoa quality, others to world standard — Johnvents Group". Businessday NG. 6 May 2025. Retrieved 10 May 2025.
- ^ Clark, Jeanette (21 February 2022). "Nigerian businessman capitalises on opportunities in the cocoa industry". How we made it in Africa. Retrieved 10 May 2025.
- ^ Writer, Staff (28 February 2025). "Entrepreneur tapping into Nigeria's cocoa opportunity". How we made it in Africa. Retrieved 18 May 2025.
- ^ a b "Rethinking Nigeria's cocoa strategy - CNBC Africa". www.cnbcafrica.com. 4 March 2025. Retrieved 10 May 2025.
- ^ a b Rufus, Zion (6 November 2024). "John Alamu: One Man, Multipotentiality - Global Businesses from Africa". Marketing Edge Magazine. Retrieved 10 May 2025.
- ^ Benson, Emmanuel Abara (7 March 2022). "Exclusive: John Alamu's integrated fintech group, CapitalSage, is poised to change the fintech game in Africa". Business Insider Africa. Retrieved 10 May 2025.
- ^ "Exclusive: John Alamu's integrated fintech group, CapitalSage, is poised to change the fintech game in Africa | Pulse Nigeria". www.pulse.ng. Retrieved 10 May 2025.
- ^ Nwachukwu, Iheanyi (8 February 2024). "CapitalSage taps Commercial Paper market for N7.50bn". Businessday NG. Retrieved 11 May 2025.
- ^ a b "Akeredolu lauds Johnvents' N15 billion cocoa processing investment in Ondo". Premium Times. Retrieved 10 May 2025.
- ^ "Johnvents Industries Ltd launches new cocoa sustainability initiative, empowers 150,000 cocoa farmers". TheCable. 14 July 2022. Retrieved 10 May 2025.
- ^ "After IFC and Afreximbank, BII bets on Nigerian cocoa processor Johnvents - Africa Business+". Africa Business Plus. 20 February 2025. Retrieved 18 May 2025.
- ^ "Afreximbank signs term sheet for US$40million pre-export facility for Johnvents Industries Limited". African Export-Import Bank. 27 October 2023. Retrieved 18 May 2025.
- ^ Oluwole, Josiah. "IFC, Nigeria's Johnvents sign N35 billion cocoa financing deal". Premium Times. Retrieved 10 May 2025.
- ^ "Nigeria exported Sesame worth N700bn in 2024 – NEPC". Daily Trust. 6 March 2025. Retrieved 10 May 2025.
- ^ "Johnvents Industries founder John Alamu in negotiations with Nigerian banks and IFC to raise $24m - Africa Business+". Africa Business Plus. 18 August 2023. Retrieved 10 May 2025.
- ^ "IFC and Johnvents Partner to Boost Nigeria's Cocoa Production and Export Capacity". IFC. Retrieved 11 May 2025.
- ^ Oji, Helen (18 February 2025). "BII partners Johnvents, to drive cocoa sector growth with $40.5m investment". Blueprint Newspapers Limited. Retrieved 10 May 2025.
- ^ "MSN". www.msn.com. Retrieved 10 May 2025.
- ^ "Agriculture Transaction Brief: BII invests $40.5M in Nigeria's Johnvents Group". www.stears.co. Retrieved 11 May 2025.
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