In Summary
  • The strategy that puts emphasis on the business investing in the people helping it to thrive, is putting in place a win-win formula to ensure a steady supply of raw materials for a steady market at competitive prices for farmers.
  • Move accomplishes his pledge to provide youths with a blank request for soybean and sunflower seeds which would be paid for, on delivery to the Nakuru and Thika based firm.
  • Kalangala Oil Palm Growers Trust (KOPGT) General Manager Mr Nelson Basaalidde said the 1,750 fishermen and other landowners were granted loans by the government to start palm tree growing after signing agreements that allowed them a four year grace period.

An initiative by Bidco Africa Ltd to directly source soybean and sunflower seeds from local farmers has reignited a fresh interest in the crops’ agribusiness.

The strategy that puts emphasis on the business investing in the people helping it to thrive, is putting in place a win-win formula to ensure a steady supply of raw materials for a steady market at competitive prices for farmers.

The move by Bidco’s boss Vimal Shah, to ink a deal with Public Service and Gender Secretary Sicily Kariuki to create jobs for self-help groups for an initial 1,000 youth, presents a shift on product marketing strategies for businesses.

Kenya Commercial Bank (KCB) Group also made a commitment to train and also provide seed capital to youth groups in a bid to help them earn an income.

Shah’s move accomplishes his pledge to provide youths with a blank request for soybean and sunflower seeds which would be paid for, on delivery to the Nakuru and Thika based firm.

A similar strategy has won the hearts of many farmers in Uganda’s Kalangala District where a subsidiary of Bidco has turned fishermen’s livelihoods around, through a flourishing palm tree cultivation project jointly run with the government.

Kalangala Oil Palm Growers Trust (KOPGT) General Manager Mr Nelson Basaalidde said the 1,750 fishermen and other landowners were granted loans by the government to start palm tree growing after signing agreements that allowed them a four year grace period.

“KOPGT was formed as a marketing agency with the mandate of recovering the loans from farmers once sales of palm oil seeds were made to Oil Palm Uganda Ltd (OPUL). 33per cent is deducted while the rest is directly banked to individual farmer accounts,” he said.

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