AgDevCo invests in Kenyan macadamia nut processing facility
$5 million facility marks AgDevCo’s first investment in Kenya.
African investor and product developer AgDevCo has partnered with Root Capital to provide a $5 million facility to a consortium of macadamia processors and exporters in Kenya.
The largest processor, Afrimac, was founded in 2012. Operations have expanded rapidly to reach over 5,000 tonnes of macadamia purchased per year. Other members of the consortium are Sagana Nuts, The Village Nut and Jumbo Nut. All processing facilities are located in Kenya's prime macadamia producing areas in the central counties.