The funds will be used to expand agricultural production and value-added ventures in macadamia, avocado, livestock, and commercial forestry.
As part of its expansion plans, Kakuzi aims to double its avocado production and export from 3 million to 5 million four-kilogram cartons. It also plans to raise macadamia production from 900 tons of kernel to 1,500 tons.
“We currently have three commercially produced crops, and we intend to add a fourth as we expand. At the same time, we’re strengthening agricultural technology (AgTech) use and diversifying both our domestic and export markets to maximize shareholder returns,” Kakuzi Managing Director Chris Flowers said during the 1st Murang’a County Investment Conference.
Also Read: Kakuzi Issues Profit Warning to Shareholders For FY 2023
Last year, the company opened a macadamia oil processing plant with a daily cold-press capacity of 1,000 litres of cooking oil. It also set up a macadamia processing factory with an installed capacity of 2,000 tons of saleable kernel.
Additionally, Kakuzi launched a range of consumer products — including ready-to-eat macadamia nuts, gluten-free macadamia flour, macadamia cereal mix, and blueberry packs.
This expansion comes after the company posted a net loss of Sh131.7 million in 2024, a dramatic drop from a Sh453.5 million after-tax profit in 2023.
