Strategic Partnership: Ramavo E&M Services and FasterCapital Drive Nigeria’s Cassava Market Growth
Makurdi, Nigeria & Dubai, UAE– July 2025
Ramavo E&M Services Limited, a pioneering agro-industrial startup specializing in large-scale cassava processing and commodity trading, today announced its strategic partnership with FasterCapital through the LaunchUp program. This collaboration aims to accelerate Ramavo’s mission to build Africa’s largest cassava processing hub, leveraging FasterCapital’s global expertise and capital-raising platform to capture Nigeria’s booming cassava market and expand into international commodity trading.
Market Opportunity & Problem Statement
Nigeria is the world’s largest cassava producer, contributing over 20% of global output with an annual production exceeding 63 million metric tons. Despite this abundance, the cassava value chain remains fragmented, with limited processing infrastructure and inconsistent supply chains hampering industrial growth and export potential. Ramavo targets these inefficiencies by creating an integrated, technology-driven cassava processing plant with a capacity of 120,000 metric tons per day, addressing rising demand from food, pharmaceutical, biofuel, and export markets. The partnership with FasterCapital positions Ramavo to capitalize on Nigeria’s evolving commodity trading landscape and government-backed agricultural reforms, filling a critical market gap with scalable, sustainable solutions.
Startup Solution & Differentiation
Ramavo E&M Services delivers a vertically integrated agribusiness model that combines mechanized cassava cultivation, advanced processing into high-quality derivatives (HQCF, starch, ethanol, animal feed), and structured commodity trading via licensed exchanges such as AFEX and NCX. The company’s unique value proposition includes zero-waste circular economy practices, export-grade certifications, and digital traceability powered by AI and blockchain technologies. Early traction includes strategic partnerships with local farmer cooperatives, ongoing negotiations with major industrial buyers, and a comprehensive R&D pipeline focused on product innovation and climate-resilient cassava varieties. Ramavo’s competitive edge lies in its scale, technological integration, and sustainable sourcing, enabling reliable supply chains and premium-quality products for both domestic and global markets.
FasterCapital Partnership Value
Through the LaunchUp program, Ramavo gains access to FasterCapital’s extensive network of investors, strategic mentorship, and capital-raising expertise tailored to agritech and commodity trading startups. FasterCapital’s rigorous selection process, emphasizing scalable innovation and market impact, affirms Ramavo’s potential as a market leader. The program provides Ramavo with customized acceleration services including business model refinement, technology integration support, and investor readiness coaching. This collaboration is expected to shorten Ramavo’s time-to-market, enhance operational efficiencies, and unlock new funding channels critical for scaling the $100 million cassava processing project.
Executive Quotes
Hesham Zreik, Founder & CEO of FasterCapital, stated:
“Ramavo E&M Services exemplifies the kind of transformative agribusiness we seek to empower — combining deep local market knowledge with cutting-edge technology and a clear path to scale. Their integrated approach to cassava processing and commodity trading addresses critical bottlenecks in Nigeria’s agricultural sector. We are excited to support Ramavo through LaunchUp to accelerate their growth and unlock significant value for investors and communities alike.”
Mr. Joseph Oti, Founder & CEO of Ramavo E&M Services Limited, commented:
“Partnering with FasterCapital is a pivotal milestone for Ramavo. Their global reach and expertise validate our vision to industrialize Nigeria’s cassava value chain and position us as a leading exporter of high-quality cassava products. With FasterCapital’s support, we are confident in accelerating our operational rollout, expanding market access, and delivering sustainable impact to farmers, industries, and investors.”
Growth Trajectory & Future Plans
Ramavo plans to complete its initial plant commissioning by late 2025, targeting full-scale commercial operations by early 2026. Near-term priorities include finalizing export contracts, expanding the out-grower farmer network to over 200,000 participants, and launching digital commodity trading platforms integrated with blockchain-based traceability. The company aims to scale production capacity by 50% within two years and diversify into bioethanol and bioplastics. Ramavo is actively seeking additional strategic capital to support these expansions, with a funding round planned in Q4 2024. The long-term vision is to establish Ramavo as Africa’s premier cassava industrial hub, driving food security, rural development, and non-oil export growth.
About Ramavo E&M Services Limited
Founded in 2021 and headquartered in Makurdi, Benue State, Nigeria, Ramavo E&M Services Limited is an innovative agro-industrial company focused on unlocking the full potential of cassava through sustainable processing and commodity trading. With a mission to deliver high-quality minerals, metals, and agro-products to local and global markets, Ramavo integrates advanced technology, sustainable sourcing, and value-added innovation to empower farmers and industries across Nigeria and beyond. Learn more at www.ramavoservices.com.
About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm specializing in technology-driven businesses across emerging markets. Through its LaunchUp program, FasterCapital provides startups with funding, mentorship, and access to a worldwide investor network, focusing on scalable innovation and market disruption. With a proven track record of accelerating startups in fintech, agritech, and commodity trading sectors, FasterCapital partners with visionary entrepreneurs to drive sustainable growth and impact. For more information, visit www.fastercapital.com.
Media Contact
Rasha AlMasri
Communications Manager, FasterCapital
Email: rasha.almasri@fastercapital.com
Phone: +1 (512) 400-0256
Website: www.fastercapital.com