Seed Co Invests $3M in Kenyan Drying, Processing Plants

One of Africa’s largest providers of agricultural seeds, Seed Co, is investing $3 million in new seed drying and processing facilities in Kenya to expand its position in the East African market, NewsDay Zimbabwe reported Wednesday.

The output of the combined facilities, when operational, will be about 5000 mt, the company’s chief executive officer Morgan Nzwere said, according to NewsDay.

“With the impending commissioning of the new seed drying and processing facilities in Kenya, our foothold in the highlands market is expected to strengthen,” said Nzwere, as quoted by the news organization.

NewsDay reported that during the year that ended on Sept. 30, 2016, the company’s revenues increased by 32% to $24.8 million from $18.78 the previous year.

The paper also reported that Seed Co is looking at new opportunities in Nigeria for vegetable seed sales.

“We are expecting between 400 and 500 tons (per annum), but going forward, anything is possible. It has got the potential to take more seed than what we are selling in all current existing markets. Remember, there are about 174 million people in that country, so that is a big market, which is why we have been working hard to try and make that market successful,” Nzwere said in the article.

The company’s website states that Seed Co’s mission is to become the largest provider of seeds in Africa.

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