NAIROBI, Kenya, Apr 17 – Kenyan firm Goldenscape Group is set to embark on a 100-acre real estate project giving investors opportunity to own land and put up greenhouses in Laikipia County.
The move comes after the firm successfully rolled out the lease a greenhouse project where more than 500 investors took up the opportunity that has seen the firm pay investors over Sh30 million in the last three years.
Chief Executive Peter Wangai says the company will now merge its Goldenscape Greenhouses with Silverstone properties.
Wangai says the investment which is in the first phase will cost the firm Sh25 million.
“We decided to merge the two projects owing to the demand we have from our clients, who have enjoyed returns from the greenhouses, we are excited that now we can offer land ownership,” Wangai said.
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, which the firm manages and gives dividends every six months for a period of three years.
The new offering will now also include land ownership with investors spending about Sh500,000 and getting dividends of the same for three years.
The agribusiness firm now sells organic foods and vegetables directly to the consumer at a new store in Kilimani.
“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 noted.
“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 the drought to start beating us,” he observed.
Goldenscape Group Limited is an agribusiness firm in Kenya with a portfolio of Sh50 million investments in greenhouses as of 2017.