Kenya: DEG provides funding to macadamia producer
In the fertile soil region of Embu on the slopes of Mount Kenya, northeast of Nairobi, German-Kenyan company Limbua produces high-quality organic macadamia nuts.
German development financier DEG recently announced that it will provide the company with a loan (amount not disclosed) to double its annual throughput for macadamia nuts on location from 1,000 to 2,000 tonnes.
Limbua sources its organic nuts from some 3,000 small farmers. Around 2,000 additional farmers, whom the company has already helped to convert to organic farming practices, are to begin supplying nuts in the next two years. Agricultural engineers from Limbua provide the small farmers with ongoing, in-depth training and all-year assistance on various topics ranging from organic cultivation and composting to more detailed yield recording.
Reach Africa’s private equity community by publishing a Showcase Article on Africa Private Equity News. Contact us at editor@africaprivateequitynews.com for our rate card and more information.