Kakuzi, a Kenyan agribusiness firm, is set to invest Sh100 million in expanding its operations, as confirmed by Managing Director Chris Flowers. This development aims to enhance the company's sustainability efforts, including the reduction of carbon emissions, waste management, and the introduction of new commercial crops like blueberries alongside expanding its livestock range. The initiative is part of a broader strategy to diversify Kakuzi's market presence, not only focusing on exports to regions such as Europe, China, India, the Middle East, America, and Japan but also bolstering its position in domestic and regional markets.
The company's diversification strategy is designed to mitigate shareholder risks and optimize returns by exporting a mix of avocados, macadamia, and blueberries, coupled with a robust domestic value-addition range. However, Kakuzi faces challenges such as the closure of the Red Sea shipping routes and the unpredictable nature of agriculture due to climate change. Despite these obstacles, Kakuzi is committed to evolving beyond a farm enterprise into an integrated international agribusiness player.
Kakuzi's engagement with its shareholders, which has grown to 1,395, is part of its effort to deepen investor relations. The company, listed on both the Nairobi and London Stock Exchanges, showcases its commitment to climate-smart agriculture as a testament to the sustainability of its investment portfolio. Headquartered in Murang'a with a tea estate in Nandi Hills, Nandi county, Kakuzi continues to engage its stakeholders through familiarization tours and other engagements, emphasizing its role as an agribusiness leader in the region.
Source: The Star