Agri-technology company Devenish Nutrition, based in Belfast, Northern Ireland, announced a R32 million investment (€2 mln) in agri-services company Sidai Africa based in Kenya. This investment followed the R1,9 billion (€117.5 mln) in funding Devenish received from the European Investment Bank in August last year, which was one of the largest investments in agribusiness in Ireland made by the bank. This investment comes as part of Devenish’s long-term growth strategy in emerging markets.
Sidai Africa is a social upliftment enterprise that provides crop and livestock services to farmers throughout the East African country, reaching some of the most remote areas in Kenya. The company’s centres provide crop inputs and animal husbandry and health services to farmers and pastoralists in rural areas.
According to a statement by Sidai Africa, the company’s aim was to improve access to livestock products and services for farmers. It was estimated that nearly a quarter of livestock in Kenya die annually from preventable diseases.
Farmersweekly.co.za also quoted Dr Christie Peacock, Sidai Africa founder: “Our mission is to enable every small-scale farmer in Kenya to produce food in a predictable and profitable way, and this investment will help to achieve our goals.”