Land management company Diamond Properties Merchants says on Saturday it paid Ksh42 million to agribusiness investors who own managed greenhouses at its farm in Kajiado County, Kenya. The money, earned from the greenhouses’ produce in the last six months, was distributed among 168 investors.
Diamond Properties Marketing Director Edwin Khiranga said the earnings are for one season, with an eighth acre plot raking in Ksh250,000 per crop season. With two planting seasons in a year, a single plot earns Ksh500,000.
Khiranga said produce from the green houses – mainly cucumber, capsicum and tomatoes – is exported to Juba, Khartoum, South Africa and Botswana. He said agribusiness is a viable business that could accelerate economic growth and counter foot shortage in Kenya.
“Greenhouses are on throughout the year and therefore they are not affected by weather patterns,” he said. “For stable food supply and food prices we need to invest more in agribusiness.”
He said Diamond Properties had launched the Faidika Premium Sacco, which will help in financing members to acquire plots, in partnership with Magnum Credit.