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Draft:Cavista Holdings

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Cavista Holdings
Company typeHolding Company
IndustryFinancial services, Hospitality, Agriculture and Information Technology
Founded2023; 2 years ago (2023)
FounderJohn Olajide
Headquarters
Lagos
,
Nigeria
Key people
John Olajide, Ron Olajide
Number of employees
850
Websitehttps://cavistaholdings.com

Cavista Holdings is an investment and holding company headquartered in Nigeria, but with subsidiaries in Botswana, India and the Phillippines. The company also maintains a representative office in Dallas, Texas, in the United States.

Driven by the belief that business should be a force for good,[1] it currently has four subsidiaries operating in the agriculture, technology, hospitality and financial services sectors with over 850 employees.

History

‎Founded by Niyi John Olajide,[2], Cavista Holdings was created to manage his diverse portfolio of investments in Africa and Asia, which had been trading as independent entities.

It started operations in 2023 from an office in Ilupeju, Lagos, which is also a liaison office to the University of Dallas, Texas

These companies include:

  1. Cavista Technologies, which has offices in Nigeria,[3] Botswana[4], [5]India and the Phillippines
  2. Agbeyewa Farms, which was established in 2021 in Ekiti State
  3. Glocient Hospitalities, established in 2022; concessionaires and managers of Ikogosi Warm Springs Resort and Conference Center, Ikogosi, Ekiti State[6][7]
  4. Payzeep Technologies[8][9]

Investments overview

Cavista Holdings' Investments are organised into four verticals: Agriculture, Hospitality, Financial services and Information Technology

Agriculture

  • Agbeyewa Farms Limited - It is one of the largest commercial cassava farms in Nigeria with between 7 - 10,000 hectares of land[10] in Ekiti State. It recently signed a number of partnerships with the state government, most notably a Memorandum of Understanding (MOU) to establish a a 100,000 hectare cassava farm in Ekiti State,[11], and through its sponsorship of grassroots football in the state through the Agbeyewa Cup football tournament.[12][13][14]

Hospitality

  • Glocient Hospitality Limited - This company are the current operators of Ikogosi Warm Springs Resort and Conference Center. The resort was taken over from the Ekiti State government in 2022[15] and subsequently transformed into a world class resort [16]after billions of naira was invested by Cavista Holdings. The resort was voted the Best Holiday Resort in Nigeria for 2023[17][18] and 2024[19] at the Hotels Managers Conference Awards

Technology

  • Cavista Technologies - A global technology services company focused on building innovative solutions that empower clients to address their’ most complex technology needs with robust solutions. With a strong presence in key global markets, Cavista Technologies has a diverse workforce of highly skilled software designers, engineers and product development teams that serve clients worldwide. The company also organises an annual hackathon amongst students of universities in Nigeria[20] and India[21] to help bridge the skills gap and nurture talents, ensuring that young people start thinking critically and solving problems on a global scale.[22][23]

Financial services

  • Payzeep - Is a Payment Solutions Services Provider.

References

  1. ^ "Brands, Events that Shaped 2024 – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-12-23.
  2. ^ "John Olajide, Axxess: Profile and Biography". Bloomberg.com. Retrieved 2024-12-23.
  3. ^ Olaiya, Tope Templer (2024-09-12). "Cavista Technologies deepens global reach with Botswana office". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-12-16.
  4. ^ MASOKOLA, ALFRED (2024-10-03). "Cavista establishes operations in Botswana after BITC facilitation". Weekend Post. Retrieved 2024-12-16.
  5. ^ "Making Africa Technology Hub – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-12-16.
  6. ^ Popoola, Nike (2023-07-26). "Cavista invests in Ikogosi Warm Springs". Punch Newspapers. Retrieved 2024-12-16.
  7. ^ Reporter, Our (2023-07-26). "Cavista Holdings plans agro-tourism in Ikogosi Warm Spring Resort". The Nation Newspaper. Retrieved 2024-12-16.
  8. ^ Joseph (2024-09-25). "Uber and Bolt drivers deal with this one-year-old Nigerian Fintech startup signals driver autonomy". Condia. Retrieved 2024-12-16.
  9. ^ Nigeria, Guardian (2023-08-02). "The Guardian's Special Focus On Most Impactful And Innovative CEOs Creating Value In The Nigerian FinTech Industry". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-12-16.
  10. ^ "Agbeyewa Farms: We're committed to using agriculture to create jobs – Daily Trust". dailytrust.com. Retrieved 2024-12-23.
  11. ^ Onyekachi, Nnaemeka (2024-05-10). "Ekiti, Cavista Holdings sign multi-billion MOU to establish 100,000 hectares state-of-the-art cassava farm". Nairametrics. Retrieved 2024-12-23.
  12. ^ Report, Agency (2024-11-06). "2024 Agbeyewa Cup: Omuo-Oke wins final, grabs N1m". Punch Newspapers. Retrieved 2024-12-16.
  13. ^ Salau, Seyi John (2024-11-12). "Omuo-Ore High School wins 2024 Agbeyewa football championship". Businessday NG. Retrieved 2024-12-16.
  14. ^ Salau, Seyi John (2024-10-13). "160 secondary schools compete for glory in 2024 Agbeyewa Cup". Businessday NG. Retrieved 2024-12-16.
  15. ^ Okon, Desmond (2024-07-07). "Ikogosi resort: A tale of transformation and the hunger of a 'crazy' investor". TheCable. Retrieved 2024-12-16.
  16. ^ Aguoye, Jane. "TRAVELOGUE: Memories of a weekend at Ikogosi Warm Spring Resort". www.premiumtimesng.com. Retrieved 2024-12-23.
  17. ^ Meshioye, David (2023-07-22). "Ikogosi Resort, 23 other hospitality outfits receive outstanding service awards". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-12-16.
  18. ^ Lifestyle, TheCable (2023-07-24). "Ikogosi Warm Springs bags 'Best Holiday Resort in Nigeria' award". TheCable Lifestyle. Retrieved 2024-12-16.
  19. ^ Emelike, Obinna (2024-07-19). "African hospitality industry pushes frontiers at HMCA 2024". Businessday NG. Retrieved 2024-12-16.
  20. ^ "Team Jupiter of LASU emerges as the winner of the second edition of the Cavista Hackathon". 2024-05-03. Retrieved 2024-12-16.
  21. ^ "Cavista Technologies on LinkedIn: #cavistahackathon #cavistaindia". www.linkedin.com. Retrieved 2024-12-16.
  22. ^ Erezi, Dennis (2023-04-02). "Cavista flags off hackathon competition in Nigerian universities". The Guardian Nigeria News - Nigeria and World News. Retrieved 2024-12-16.
  23. ^ Babalola, Yusuf (2024-05-03). "LASU Students Emerge Champions Of 2024 Cavista Hackathon". Retrieved 2024-12-16.
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