Kakuzi PLC has announced plans to strengthen its avocado smallholder base as part of a shared prosperity business concept. The firm will also focus on agricultural production expansion and diversification projects for its macadamia, blueberry, livestock and commercial forestry business lines. During the Nairobi Securities Exchange listed firms 93rd Annual General Meeting, Kakuzi PLC Chairman Nicholas Ng'ang'a said the firm will invest more than Sh400 million in capital expenditures. Kakuzi will also focus on upscaling its smallholder operations value to complement its production capacities and boost the global positioning of Kenyan avocados.
The-star.co.ke quoted Ng'anga as saying: “It's critical that the markets only receive good quality fruits from Kenya, and to achieve this, building knowledge of the market requirements amongst farmers is very important.”
Ng'anga added that the firm is also exploring value addition opportunities in a number of these crops and hope that further exciting opportunities to diversify our income stream will present themselves when fully appraised.
