EMF , a clove pink manufacturer with farm in Ethiopia and Kenya , has insure investing from AgDevCo to expand into two further farms in the Naivasha area , Kenya .
The partnership with AgDevCo expands on EMF ’s expertise as one of East Africa ’s leading premium carnation producer . EMF currently produces on 60 hectares for export to Europe , the Middle East , and the Far East . With the contrive expansion in Kenya , EMF will substantially increase its production and assortment by opening at least two newfangled production locations , creating at least 400 new job .
Dirk Hogervorst , CEO of EMF , commented : " We are delighted to be concluding this financing with AgDevCo . EMF has already established itself as a provider of some of the serious quality gillyflower usable in Europe , which is opening doors for us in other globular marketplace . Our customer want more of our flower . This financing will allow us to significantly enlarge our production and portfolio in Kenya – where we started grow at Kinangop Farm in 2022 – while maintaining our report for top - quality gillyflower . "
The market for agio carnation continues to grow in Europe . Ideal climatical conditions in Kenya , mix with EMF ’s technical expertise , leave in high output of the high quality bloom at a lower whole cost and lower carbon copy footmark than European producer , where flowers are typically develop in heated greenhouses .
farm in Naivasha are less than a day ’s travel to the external larboard of Mombasa , with sea load link to Europe and other cardinal markets .
" We are thrilled with this partnership with AgDevCo , which allows EMF to harness Kenya ’s potential as one of the good places in the world to produce flowers , " said Riaz Currimjee , Chairman of EMF . " AgDevCo have been thorough and thoughtful in their approach shot and have structured a financing product that is well - tailored and aligned to EMF ’s needs . We now have the tools to take vantage of the substantial chance we see for growth in agiotage carnations globally . "
AgDevCo ’s Managing Director for East Africa , Rebecca Sankar , enounce : ' We ’re pleased to be making our first floriculture investiture by partnering with EMF for this significant development in Kenya ’s bloom manufacture . We have been impressed by EMF ’s commitment to character job and sustainability , admit actively explore the future use of ocean shipment to minimize its carbon paper step . We see the potential for continued maturation in premium Dianthus caryophyllus internationally . This will increase rural employment and science in a ecological niche but high - economic value section of the Kenyan floriculture industry . '
EMF ’s expansion in Kenya leave worthful utilization and training opportunities for local community in the Naivasha region , particularly with the challenges faced by rose grower in the region in recent twelvemonth . EMF already employs some 600 employee in Ethiopia and over 200 employees in Kenya . With the planned Kenyan expansion , employee number in Kenya should reach like level to Ethiopia . For more entropy : EMFwww.emf - flowers.comAgDevCowww.agdevco.com
