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Ghana: Agribusiness firm signs agreement with intl. processors

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Tuesday, 14 March 2017

Ghana: Agribusiness firm signs agreement with intl. processors

Kofi Vinyo and Company Limited (KVCL), a Kwatire-based agribusiness firm in the Sunyani West District of Brong-Ahafo region would from next year export and supply four international food processing companies with farm produce in commercial quantities. The firm has signed agreement with the companies - Deon food ingredients and Stel and Van Koot in the Netherlands, Swastik enterprise in India as well as Agribio in Italy. It is expected to export thousands of tons of tiger nuts, maize, ginger, chilli pepper, raw cashew nuts and other vegetables annually. Mr Kofi Vinyo, the Managing Director of KVCL disclosing this to the Ghana News Agency (GNA) at Kwatire said the contracts between his company and the foreign partners were sealed to operate within five years. He was sharing his experience after attending a-five-day international agric fair held at Nuremberg, a city in Germany. According to him, the Biofach Organic fair was organised by the German government and attended by business entrepreneurs mostly into food processing drawn from Europe, Asia, North and South America, and Africa. Mr Vinyo, a 33-year-old physically challenged who was adjudged the 2016 national maize farmer explained that his company had obtained acres of land at Kwatire and would engage 150 farmer groups to cultivate the crops. He said some of his foreign partners had agreed to supply him with improved seedlings to be planted so that the company would be able to provide or meet their demands. Mr Vinyo added that irrigation facilities were also being constructed in the farms for regular water supply.

Source: www.ghananewsagency.org