Onajite Okoloko is CEO and Managing Director of Notore Chemical Industries, a Nigerian company backed by private equity firm Emerging Capital Partners that is the only producer of urea fertilizer in Sub-Saharan Africa, including South Africa. Urea is a by-product of the oil and gas industry, which alongside agriculture, is Nigeria’s other major industry. By making fertilizer more accessible to farmers through its supply chain and pricing, Notore is helping to stimulate the local production of foods such as rice and sugar, increasing self-sufficiency and reducing the continent’s dependence on imports. In 2010, revenue was reported at $400 million.
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By: Champion3
