Bolaji Akinboro

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Bolaji Akinboro
Bolaji Akinboro.png
Nigerian Entrepreneur, Bolaji Akinboro selected to join Prestigious Global High Impact Entrepreneurs Network. Image sourced from Innov8tive.
Born
Nigeria
NationalityNigerian
Alma materObafemi Awolowo University
OccupationCEO
Known forCEO and Co-Founding Cellulant Corporation
WebsiteLinkedIn Profile

Editor: Charissa Cassels

Bolaji Akinboro was born in Nigeria. Akinboro is the Co-Founder and Co-CEO of Cellulant Corporation based in Nairobi, Kenya, and he is the CEO of Cellulant Nigeria Limited where he runs the Mobile and Digital Payments aspect of the business.[1] Cellulant Nigeria Limited is regulated by the Central Bank of Nigeria Limited.[2] Akinboro became the Co-CEO of Cellulant in 2017. He works in the Financial Services Industry[3] and is an entrepreneur, inter- and national development expert.[4]

Cellulant was conceptualised on a napkin in 2001 and was founded in 2004 by Akinboro and Ken Njoroge, Co-Founder and Co-CEO of Cellulant.[5] Cellulant is a pan-African technology company that aims to empower Africa’s agricultural sector.[6] It is a payment platform infrastructure service provider and has a presence in[7] Kenya, Nigeria, Zambia, Ghana, Zimbabwe, Tanzania, Uganda, Botswana, Mozambique, Malawi and Rwanda.[8] Cellulant helps to tackle financial exclusion through [9] ensuring a connection between buyers, sellers and important stakeholders to have access to the digital payments platform, where they can make and receive payments.[10]

Akinboro is experienced in the agriculture sector and has been a key asset in the creation of Agrikore, a blockchain-powered smart contract-system for the agriculture value chain. Agrikore was launched on 20 September 2019 and it aims to improve the sustainable agriculture food systems, using digital tools and ensuring that everyone in agriculture can do business with each other in a trusted environment.[11]

History

Akinboro attended the Baptist High School Obanikoro in Lagos from 1981 to 1986.

He received his bachelor degree in pharmacy from Obafemi Awolowo University in Ife, Nigeria, in 1992.

Akinboro was the Lagos Sales Manager from 1994 to 1997 at Procter and Gamble,[12] an American multinational consumer goods corporation.[13] He started out as the key account manager in 1994 and he started running the unit in 1996.

He was the Customer Business Development Manager and Head of Business at Procter and Gamble from 1997 to 2000 in Ghana.

Akinboro was the Customer Marketing Manager (Detergents and Candies), West Africa, from August 2000 to March 2001 at Procter and Gamble in Lagos, Nigeria.

He was the project manager at African Virtual University from April 2001 to March 2007. The World Bank recruited Akinboro through KPMG to head the Business Development Unit for its Africa Virtual University project in East Africa.

Akinbor worked in the African Development Bank and worked on a Multinational Support Project.

He was the Senior Operations Manager for Plan International,[14] an independent development and humanitarian organisation, [15] from April 2007 to August 2008 in Tanzania.

Akinboro was the Country Director for Plan International in Malawi from September 2008 to August 2012.

He was the eWallet Technology Consultant for the Federal Ministry of Agriculture and Rural Development from 2011 to 2013.

He became the Chief of Party eWallet for Africa in Abuja for Cellulant in September 2014. Akinboro completed the Oxford University Business Economics Programme at Said Business School.

He completed his Postgraduate certificate in business Management at Herriot Watt University.[16]

Akinboro occupied a leadership role in the Growth Enhancement Support (GES) programme, which is a component of the Transformation Agenda of the Federal Government of Nigeria in the Agriculture sector. [17]The GES is an agricultural subsidy programme for the Federal Government of Nigeria and enables the payment of fertiliser, seed and other agricultural inputs to rural farmers via an e-wallet system. This project has spread to Liberia, Togo and Afghanistan.

Akinboro also set up Procter and Gamble in Ghana and served as its founding executive and grew the business from scratch to a $10 million USD per year business in two years.

He became the CEO of Cellulant Nigeria in September 2014.[18] Cellulant Nigeria technology excels in Afghanistan, as they were engaged by the Ministry of Agriculture Irrigation and Livestock in Afghanistan, in order to establish a market-based input distribution technology.[19]

In 2018, Akinboro received a certificate in Executive Education- Endeavor Network Scaling Entrepreneurial Ventures from Harvard Business School.

Awards and Recognition

Akinboro was awarded the Achiever in Agriculture award from the Central Committee of the Nigerian Agriculture Awards[20] on 25 November 2015 at the Landmark Centre, Victoria Island, Lagos.[21] Akinboro received the African of the Year award. [22]

Achievements

Njoroge and Akinboro became the first of only seven entrepreneurs from Sub-Sub-Saharan Africa to join the Endeavor, a non-profit organisation, global network of Entrepreneurs 2017. They were awarded this [23] during Endeavor’s 72nd International Selection Panel (ISP) that was held in Beirut, Lebanon on June 24-26 2017.

Akinboro was selected to join the Prestigious Global High Impact Entrepreneurs Network, a high impact entrepreneurship movement around the world that supports organisations to have opportunities for growth in 2018.[24]

References

  1. Bolaji Akinboro - Endeavor. Retrieved 21 March, 2020.
  2. Meet Bolaji Akinboro, the Co-Founder of Cellulant Corporation which raised $47.5m from TPG Growth - Nairametrics. Retrieved 22 March, 2020.
  3. Bolaji Akinboro - Endeavor. Retrieved 21 March, 2020.
  4. Bolaji Akinboro. Twitter. Retrieved 21 March, 2020.
  5. This is Us - Cellulant. Retrieved 22 March, 2020.
  6. Cellulant Corporation Taps Technology to Block Wastages in Agric Value Chain in Africa - CNBC Africa. Retrieved 22 March, 2020.
  7. Meet Bolaji Akinboro, the Co-Founder of Cellulant Corporation which raised $47.5m from TPG Growth - Nairametrics. Retrieved 22 March, 2020.
  8. Cellulant - LinkedIn. Retrieved 25 March, 2020.
  9. The Africa Report/Business Daily: Impact investment and the private sector can drive inclusive growth - The Rise Fund. Retrieved 22 March, 2020.
  10. Cellulant - LinkedIn. Retrieved 25 March, 2020.
  11. This is Us - Cellulant. Retrieved 22 March, 2020.
  12. Bolaji Akinboro - LinkedIn. Retrieved 21 March, 2020.
  13. Who we are - P&G. Retrieved 25 March, 2020.
  14. Bolaji Akinboro - LinkedIn. Retrieved 21 March, 2020.
  15. About Plan International - Plan International. Retrieved 23 March, 2020.
  16. Bolaji Akinboro - LinkedIn. Retrieved 21 March, 2020.
  17. Bolaji Akinboro - Endeavor. Retrieved 21 March, 2020.
  18. [ http://www.globalsmefinanceforum.org/2017/speaker/bolaji-akinboro/Co-Founder, Cellulant Corporation and CEO, Cellulant Nigeria Limited - SME Finance Forum. Retrieved 21 March, 2020.]
  19. Cellulant Nigeria technology excels in Afghanistan - AmehNews. Retrieved 22 March, 2020.
  20. Bolaji Akinboro - Agra Innovate. Retrieved 21 March, 2020.
  21. Press Release From Cellulant - Kenya - AgroNigeria.
  22. Bolaji Akinboro. Twitter. Retrieved 21 March, 2020.
  23. Private Capital Investments in Fintech Creating Economic Opportunity In Africa - Cellulant. Retrieved 21 March, 2020.
  24. Nigerian Entrepreneur, Bolaji Akinboro selected to join Prestigious Global High Impact Entrepreneurs Network - innov8tiv. Retrieved 22 March, 2020.