• Monday, October 14, 2024
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Nigerian agro-allied firm partners Ugandan farmers on cash crops production, sales

Agric investment surges 226% in three months amid worsening insecurity

Johnvents Industries, a Nigerian agribusiness and agro-allied firm, has declared its commitment towards working closely and fostering strong relationships with Ugandan farmers to ensure they receive fair compensation for their crops while expanding access to these essential commodities for international markets.

Sanjay Purohit, the head of business at Johnvents industries, Dubai Multi Commodities Centre (DMCC) in Uganda, who stated this in a statement made available to journalists on Sunday in Akure, the Ondo State Capital, said the commencement of Uganda operation marked a significant step of the firm’s mission towards becoming a leading force in international agricultural trade.

According to him, the Ugandan expansion allows Johnvents to tap into the Country’s rich agricultural resources, focusing on essential commodities like kidney beans, coffee, cotton, and other key cash crops.

Purohit said; “Our Ugandan launch represents a vital chapter in Johnvents Industries DMCC’s journey to becoming a global leader in sustainable and responsible commodity trading.

“Headquartered in Dubai, UAE, Johnvents Industries DMCC leverages its strategic location and robust infrastructure to source and trade premium agricultural commodities across Africa, Asia, and Europe.

Read also: Group trains 59,000 smallholder farmers, 2,000 agro-entrepreneurs on vegetable production

“Johnvents industries DMCC’s Uganda operations will serve as a springboard for further expansion across Africa. We are also establishing presence in key markets, including Senegal, Tanzania, Togo and Burkina Faso, with a short-term vision encompassing India, Vietnam, China, and the rest of the world.”

Also, John Alamu, the Managing Director, CapitalSage Holdings (owner of Johnvents Group), who also spoke on the development, said the firm is committed towards promoting and driving agricultural transformation across the globe.

“We are dedicated to promoting sustainable farming practices throughout our supply chain. This ensures the long-term viability of agriculture within the communities we serve, fostering a future of shared prosperity,” Alamu said.

BusinessDay reports that Johnvents industries DMCC specializes in strategic sourcing and trading of premium agricultural commodities, including hibiscus, ginger, maize, sorghum, cocoa, soya bean, sesame and FMCG products.

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