In 2012, Agrics started with a mere 1,000 smallholder clients in Western Kenya and has since grown to over 20,000 in 2015, with a total turnover of USD 1.3 million in Western Kenya and Northern Tanzania. Recently, Agrics has attracted financing from impact investors like Common Fund for Commodities (CFC) and Africa Enterprise Challenge Fund (AECF, by AGRA) to accommodate further growth towards 108,000 farmers in 2018, with a turnover of USD 7.9 million and EBIT of USD 1.0 million. Agrics plans to expand into Uganda in 2016/2017.
Are you also interested in investing in the economic development of smallholder farmers in Kenya and/or Tanzania? For more information or an introductory meeting, kindly contact Guustaaf van de Mheen (for Kenya) at email@example.com or Jonathan Kifunda (for Tanzania) at firstname.lastname@example.org
Agrics is also on VC4Africa, the Africa platform for startup funding. VC4Africa is the largest online community of entrepreneurs and investors dedicated to building game changing companies on the continent. Take a look at our pitches for Agrics Kenya as well as Agrics Tanzania.