Tag: Afgri

South African agricultural service provider launches new agtech platform

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SOUTH AFRICA – South African agricultural services provider AFGRI Agri Services has launched Axl, a new agtech platform designed to enable the convenient rental of farm equipment, facilitating the contract between the renter and the owner in an efficient and secure way. Axl allows farmers to find, rent and pay for agricultural equipment through a secure portal while enabling the equipment owners to build their business and grow revenue streams and optimising the process of renting machines. “Access to the right machinery at the right time is a critical success…

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South Africa’s agribusiness firm Afgri opens a new investment unit to boost growth

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SOUTH AFRICA – Afgri Group, a South African agribusiness firm, has unveiled the ‘AFGRI Grain Silo Company Proprietary Limited, as the firm’s new investment vehicle poised to increase investments and expand its operation. Chris Venter, Afgri Group chief executive said the move will allow the company to significantly grow the business to set off its dependence on financial resources to stimulate growth, reports Bussines Day. Grain Silo Company has enabled the group to accelerate its growth reflected by the US$256.38 million (R3.6 billion) investments by various institution investors in its…

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Afgri invests in Mozambican poultry business

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SOUTH AFRICA – Agricultural investment company Afgri is re-entering the poultry business through its subsidiary Philafrica Foods in a 50-50 joint venture in northern Mozambique. The recently launched Philafrica has earmarked up to R1.5bn for investment in agriculture and food processing in several African countries over the next 18 to 24 months. Its joint-venture partner in Mozambique, Novos Horizontes, is an integrated chicken producer focusing on smallholder production. The partnership was the first of many such investments, Philafrica CEO Roland Decorvet said on Tuesday. Afgri divested itself of its poultry…

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Afgri’s food unit takes aim at Africa’s food industry

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SOUTH AFRICA – Philafrica Food, a recently launched subsidiary of agricultural investment holding company Afgri Group, says it plans to transform food processing in sub-Saharan Africa through investments of between R50m and R100m over the next 18 to 24 months. CEO Roland Decorvet said on Tuesday Philafrica aimed to become a big food operator in Africa over the next 25 years in support of the continent’s transformation from subsistence agriculture to a food-secure net food exporter. It intended building greenfield sites and strategic investments in at least 12 sub-Saharan countries.…

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