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Agribusiness firm opens Sh2.9Mn grocery store in Nairobi

Goldenscape CEO Peter Wangai

NAIROBI, Kenya, Jan 23 – Agribusiness firm Goldenscape Group has opened a grocery store in Nairobi to provide a bid to give shareholders more value for their money.

The firm, which operates 500 greenhouses across the country, will now be selling organic foods and vegetables directly to the consumer at a new store in Kilimani.

Chief Executive Peter Wangai says the firm has invested about Sh2.9 million in the store which will also offer free delivery through their online platform to people living in Nairobi buying groceries more than Sh1000 online.

“Our aim is to give shareholders of our greenhouses value for their money. We are soon going to open Verdura shops in other towns, targeting five more towns this year,” Wangai told Capital FM Business.

“Agribusiness is the future of this country, we want to show Kenyans that they can farm and make money,” he said.

The agricultural sector is set to rebound this year after it suffered a blow in 2017 owing to severe drought that saw it grow by 2.4percent compared to 4 percent in 2016.

“The government needs to create incentives for greenhouses so that people can invest and make profits even during drought. We should not be waiting for drought to start beating us,” he observed.

Goldenscape Group Limited is an agribusiness firm in Kenya with a portfolio of Sh50 million investment in greenhouses as of 2017.

It’s is the first firm in Kenya to introduce the concept of “Lease a Greenhouse” concept in Kenya where potential investors including foreigners lease a greenhouse from the firm and set it up in the company’s land, where the firm manages everything and gives dividends every six months for a period of three years.

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