Vegpro plans expansion into Ghana

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Mike Knowles

BY MIKE KNOWLES

@mikefruitnet

Vegpro plans expansion into Ghana

Kenyan horticultural company secures more than €5m in funding to develop production of vegetables in west Africa

Vegpro plans expansion into Ghana

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International Finance Corporation (IFC), a member of the World Bank Group, is to invest US$7m (€5.5m) to support the expansion of leading Kenyan horticultural company Vegpro Group into Ghana.

According to the corporation, the project will help Vegpro expand into a new market and allow it to develop new, sustainable production while also creating jobs and establishing a supply chain that includes small-scale farmers.

It is understood that Vegpro will use the funding to develop a 1,070ha farm in Ghana that will boost its vegetable production and therefore allow it to meet increasing demand from clients in Europe.

The company is set to work with 800 smallholder farmers in Ghana, giving them access to international markets for the first time.

IFC has worked with Vegpro since 1995 and has helped the group to become one of Kenya's leading agribusiness companies.

James Cartwright, business development director of Vegpro Group commented: "Vegpro will apply the lessons from thirty years of horticulture business in Kenya, to create similar success and productivity `in Ghana`."

Crops set to be grown by Vegpro in Ghana include chillies, butternut squash and baby corn.

To that end, Vegpro plans to train as many as 1,500 new workers during the next two years.

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Old Comments
  • How safe will it be to work in that country? Religion wise and social wise. Ebola? The honest truth. Thanking you.

    monica
  • Hi Monica. I'm far from convinced that a country's religion will affect your safety in any way, but I can point you in the direction of this website which offers advice about for those considering a visit to Ghana: https://www.gov.uk/foreign-travel-advice/ghana. Also, there's a list called the Global Peace Index which ranks countries according to how peaceful and safe they are. Ghana ranks 61 out of 162, compared with South Africa at 122. More here: http://www.visionofhumanity.org/#page/indexes/global-peace-index/2014

    Mike Knowles

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