WEST AFRICA – Ellah Lakes Plc, a diversified Nigerian agribusiness company has entered into a partnership with Ghanaian KJM Trading Limited, to establish its presence in the neighbouring West African country.
With the Memorandum of Understanding (MoU), the parties have set out the broad framework of their intention to work together to facilitate the development of ELP’s business interests and operations in Ghana.
This is part of Ellah Lake’s strategic plan to establish its presence in three other Anglophone countries in West Africa, starting with Ghana, reports Naira Metrics.
Chuka Mordi, Chief Executive Officer said, “Ellah Lakes is very pleased to commence this strategic partnership with KJM Trading Ltd.
“This is the first stage of our planned West African dominance and Ellah Lakes Ghana, a subsidiary of Ellah Lakes Nigeria will be set up as a result of this partnership.
Under the partnership, Ellah Lakes will also kick off the process of securing 20,000 hectares of arable farmland in Ghana.
“At KTLG, we aim to build a prosperous agriculture chain in Africa. We are excited to be part of this next chapter of Ellah Lakes growth and look forward to putting our expertise and experience to use for a successful partnership,” Emmanuel Kojo Jones-Mensah, Chief Executive Officer of KJM Trading Ltd said.
“This is the first stage of our planned West African dominance and Ellah Lakes Ghana, a subsidiary of Ellah Lakes Nigeria will be set up as a result of this partnership.”Chuka Mordi – Chief Executive Officer
Reports have indicated that the agreement between the two organizations is subject to negotiation and execution of definitive documentation in more detail with the terms of their collaboration.
KJM Trading Ltd is a private limited liability company incorporated under the laws of Ghana, focused on the enhancement of agricultural value chains with operations and a network across Nigeria and Africa.
It renders services such as clearing, warehousing as well as haulage and transportation, which are designed to meet the global needs of import and export businesses.
In addition, the company imports products for sale to their vast network of buyers and suppliers across Africa and have strong partnerships with local farmers for direct distribution of products to the local and foreign market.
Meanwhile, Ellah Lakes began its journey in 1980 and built one of the largest fish farms in Nigeria.
Through its acquisition of Telluria Farms in May 2019, the company transformed into a vertically integrated oil palm company. The firm has also ventured in production of cassava.
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