Block Commodities is a London NEX Exchange listed company with core focus on MAXIMISING VALUE THROUGH BLOCKCHAIN ECOSYSTEMS
Leveraging on its current main fertiliser assets and fertiliser trading business, as well as its already established relationships in Africa, Block Commodities is creating a new platform to promote economic growth while creating opportunities and empowering communities. These resources will be linked up through the vertical integration of primary industries down to consumers via a blockchain-based supply chain.
Using blockchain’s dynamic structure, Block aims to incorporate all market participants into an efficient ecosystem, facilitating the commercial operation of the agricultural production cycle. The pilot project starts in Uganda in partnership with Wala, the blockchain-enabled financial platform for emerging markets, and Dala. The project will expand to the rest of the sub-Saharan region in due course. To succeed in their objective, Block has established a joint venture partnership with FinComEco, a subsidiary of GMEX Group Limited, and also has acquired a stake in VIPA holdings, one of the leading providers of fertilisers and raw animal feed materials to South Africa's agricultural industry.
In reclaiming the value lost in African agricultural and extractive industries through inefficient supply and distribution systems, Block Commodities will help African farmers raise productivity as well as secure better returns for produce.
This is an important step in establishing African communities as future significant global agricultural producers. Blockchain will enhance transparency and efficiency in the market, with immense scope for growth. New technologies such as blockchain, together with cryptocurrencies, represent a pivotal opportunity for emerging markets.
Mr Cleverly was called to the Bar in 1990, and subsequently founded Trafalgar Chambers establishing himself as the youngest head of chambers in the last century. In addition to his legal work, Mr Cleverly is also the Chief Executive Officer of the Made in Africa Foundation, a UK non-profit organisation established to assist the development of the African continent by providing first-stage funding for the feasibility studies and business development of large-scale infrastructure projects based in the region. He is also a regular presenter on TV and radio, and a contributor to newspapers and magazines on subjects regarding Africa and African development.
With a distinguished career spanning 25-years, Mr Pungong has advised governments, multinationals and private sector institutions across Africa on strategy, operation, and general management issues. In his current role as Senior Partner and Oil & Gas Leader for Africa at Ernst & Young (EY), he leads the firm's transaction advisory and assurance work within the energy practice. Prior to EY, he spent 14 years at PricewaterhouseCoopers (PwC) where he was a member of PwC's Africa Leadership team, and Managing Partner for the firm's Sub-Saharan Africa Francophone team, leading the firm's expansion efforts across Francophone Africa. In his other activities and functions, Mr. Pungong currently serves as Honorary British Consul to the Littoral Region in Cameroon. A Fellow at the Institute of Chartered Accountants of England and Wales, Mr. Pungong, was also selected as one of the prestigious Young Global Leaders by the Davos World Economic Forum in 2009, earned an MA degree with first class honors in Mathematical Statistics from Oxford University, and received advanced executive training at the Harvard Kennedy School and the Yale School of Management in global leadership, management and organisational leadership.
Mr Simmonds is a Conservative Party politician in the United Kingdom who served as the Member of Parliament for Boston and Skegness in Lincolnshire, from 2001-2015. Most recently he held the ministerial position of Foreign and Commonwealth Minister for Africa and as such he has a deep knowledge of the business and political landscape across the continent. During his parliamentary career Mr Simmonds also held a number of shadow ministerial roles, including for Health, International Development, Foreign and Commonwealth Affairs, and Education. He is also the Non-Executive Deputy Chairman of Commonwealth Enterprise and Investment Council, which focusses on promoting trade and investment by facilitating engagement between Government and the private sector throughout the Commonwealth.