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Ademola Adesina

Co-Founder, President at Sabi

Ademola Adesina is the Co-Founder and President of Sabi, a leading provider of enabling infrastructure in Africa.

With a background spanning frontier and emerging markets, Adesina specializes in creating innovative solutions for under-resourced merchants globally.

Prior to Sabi, he founded Rensource, a pioneer in commercial and industrial solar energy in West Africa, recognized with the 2019 Financial Times / IFC Transformational Business Award.

Adesina also served in key roles at Capricorn Investment Group, Aquifer LTD., and The Rockefeller Foundation, focusing on impactful ventures and investment strategies.

His career commenced at JPMorgan in credit derivatives structuring before transitioning to impactful roles in the investment and entrepreneurial landscape.

Passionate about addressing challenges in Africa and beyond, Adesina thrives on collaboration and innovation, having experience across various continents.

Highlights

Jan 25 · linkedin

My co-founder, Anu Adedoyin Adasolum and I finally got to see what the Davos hype is about at this years World Economic Forum. Our gratitude goes to Fatoumata BA and Antonia Gleizes-Lacombe from Jaango Capital for their kind invitation and for facilitating several key meetings.

One of my main highlights was the McKinsey-hosted Africa lunch, organized by Acha Leke. The lunch featured thematic seating arrangements, covering Finance, Digital, Health, Trade, and more. Each table was tasked with formulating one "big idea" to drive transformative change in Africa for presentation to the broader group.

At the Trade table, alongside luminaries like Mukwandi Chibesakunda, CEO of Zanaco, and Olivia White from the McKinsey Global Institute amongst others, we converged on shared digital infrastructure as our transformative idea. It was both gratifying and validating to hear a table of well-informed and impressive individuals advocating for precisely what Anu and I have spent the last three years building at Sabi.

Digitalization can be a vector for data and transparency. Data illuminates opportunity.

In 2021, Anu and I launched Sabi as a digital ledger for underserved African retail merchants. This platform not only tracked business activities but also uses the gathered data as a proxy for creditworthiness, enabling us to tailor our services accordingly.

Amidst the ashes of COVID, with physical distribution largely stunted by lockdowns in the cities we were operating in, Sabi's primary offering morphed into a domestic B2B marketplace within a few countries in sub-Saharan Africa. It acted as a route-to-market for distributors across several categories, including FMCG and certain agricultural value chains, alleviating supply-chain friction for wholesale and retail merchants as well as domestic commodity aggregators.

Our unique insights into merchant activities have enabled us to offer critical services, particularly in finance and logistics. For our commodity producers and aggregators specifically, we have been able to dimension the quality, quantity, and consistency of their supply with increasing precision over time. This, by extension, ultimately opened the door for demand from companies globally whose supply chain demands intersect with African supply. We’ve then complemented supply with value-added services such as quality assurance, ESG controls, financing, and logistics over time.

The insights and discussions at the McKinsey Africa lunch in Davos, particularly around the concept of shared digital infrastructure, reflect the core principles guiding Sabi's journey. This aligns closely with our mission, demonstrating the practical impact and future potential of our approach in revolutionizing digital trade infrastructure.

World Economic ForumFinTech CollectiveCRE Venture CapitalAlexandre LazarowHangwi MuambadziDaniel ShatzEleanor AtkesonCarlos Alonso-TorrasSamantha WulfsonNorrsken22Lexi Novitske, CFANatalie KolbePatrick Meisberger

Nov 13 · linkedin
Ademola Adesina
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Location

Lagos, Lagos State, Nigeria