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Foreign Company Offers Ksh117 Million for 5,000 Kenyan Farmers. How to Apply

AFEX | HomeAFEX Fair Trade Limited (AFTL), a Nigerian agricultural enterprise, has established a presence in Kenya in an effort to protect farmers' livelihoods in the face of Kenya's cripplingly high cost of living.

AFEX Kenya's managing director Tabitha Njuguna told the media that the company is giving 5,000 Kenyan farmers Ksh117 million to help them capitalize on inputs and expand their operations.AFEX Kenya’s new 14-strong team is headed up by managing director, Tabitha Njuguna.

The company aims to ensure the food security of the continent in an effort to build on the success in Nigeria. The business was been placed #1 in the Financial Times ranking of Africa's Fastest-Growing Companies - Agriculture & Commodities category 2022.

The technology that runs our business is among the best on the continent and is essential to our ability to offer inputs, consulting services, delivery of goods, and, most importantly, market access, all of which are essential to the future of agriculture in Africa.

Njuguna noted that farmers will have access to cutting-edge technology that would enable them to receive crucial logistical delivery, advice, and inputs.Kenyan farmers harvesting their crops

One of the main obstacles to farmers expanding their businesses is access to financing, she said.

Within the next ten years, AFEX intends to grow into a number of African nations, including Tanzania, Ethiopia, Zambia, Benin, Togo, Ghana, and Côte d'Ivoire.

AFEX CEO Ayodeji Balogun reiterated her comments, noting that this is an opportunity to collaborate with Kenyan farmers and boost food production "He declared.Redefining Africa's commodity trading market- Ayodeji Balogun - African  Harvesters

"We are thrilled to collaborate with Kenyan farmers to help them develop their operations in one of the most dynamic commodities marketplaces in the world."

"We are well aware that growing food production is useless without a reliable and effective warehousing infrastructure to support commodities trading, and that technology will be crucial to the future development of Africa's whole agricultural sector.

How to Apply

Isaac Kabura, the area sales manager for AFEX Kenya, stated in a media interview that farmers will devote 15% of their equity distribution to the initiative.

The corporation will purchase the same product at a higher price at the conclusion of the season after the farmers have had ten months to repay the debt.

"We intend to raise the program to Ksh588 million the next year. We currently work with farmers of maize, but we intend to expand to farmers of rice, beans, and other crops "He declared.

Kabura emphasized that the program aims to reduce the importation of agricultural products' excessive reliance on foreign markets.

Content created and supplied by: JohnNjenga1 (via Opera News )

AFTL Africa Financial Times Nigerian Tabitha Njuguna

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