May 19, 2020

Zambia's first palm oil plantation

Zambia
Economy
Zambeef
Zampalm
mahlokoane percy ngwato
2 min
Zambia's first palm oil plantation

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Zambeef aims to capitalise on growing demand for palm oil by developing a plantation of its own. The market for edible oils in Zambia is estimated at 120,000 tonnes per year, and this is expected to grow. The total investment cost is estimated at $41.5 million.

Zampalm is Zambia’s first ever palm plantation and once operational will contribute to substituting 70,000 tonnes of cooking oil imported into Zambia, saving the country around US$70 million annually in foreign exchange.The plantation boasts 2,800 hectares of palm plants, which when harvested will produce crude palm oil.

It has supplemented this with a crushing mill constructed this year, with plans for several more crushing facilities over the next few years, which will take crude palm oil production up to 17,000 tonnes a year. Zampalm owns over 20,000 hectares of titled land, and has the intention is to plant on a further 5,000 by 2017.

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At current prices the average production of crude oil of 3 to 3.5 tonnes per hectare could generate more than $170 million in revenues over the next decade.

In addition to the commercial and economic benefits of the Zampalm plantation the initiative has provided a number of social and environmental benefits, including the creation of employment and infrastructure in the remote community in the area, which has high poverty levels.

The locally produced palm oil will enable government to cut back on crude palm oil imports which currently stand at over $70 million annually.

The success of the project has resulted in improvement in local amenities including accommodation, water and access to power. Zampalm’s operations have added 120 permanent employees and 400 seasonal workers to the local economy.  
Read the June Issue of African Business Review. 

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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