Amatheon, Toyota in $10 million agro-partnership

HARARE - Amatheon Agri Group (Amatheon), a Germany-owned company with agriculture interests in the southern Africa region has partnered with a Japanese company Toyota Tsusho Corporation in an agro-partnership project worth $10 million.

Carl Heinrich Bruhn, chief executive and founder of Amatheon explained that the project represents both companies’ shared understanding of responsible and profitable investment in the growing agricultural sector of southern Africa.

“We are excited about this partnership and we look forward to leveraging Toyota’s extensive technical know-how and international network with Amatheon Group’s expertise and sound operating procedures” he said.

He added that as part of its sustainable development objectives, the joint venture will support  Zambian smallholder farmers by providing them with training and access to market.

The joint venture highlights the increasing importance of the agricultural sector across the continent and will culminate into the building of a large-scale agro-project of 2 700 hectares of land for the cropping of maize, wheat and soya.

Toyota Tsusho an international trading company which stems from the Toyota Group is already active in 53 countries in Africa, while Amatheon operates sustainable agricultural projects in Zambia, Zimbabwe and Uganda. The collaboration of the two companies is part of the overall development of Amatheon’s already  40 000 hectares titled farm block and the Amatheon will act as the majority stakeholder and operating partner of the company.

Bruhn also revealed that plans to implement a large-scale irrigation project have already been approved by the Zambian Environmental Management Agency, hence the operational phase of the project starts immediately.

Early this year Bruhn revealed that Amatheon plans to increase grain production in Zimbabwe after a successful pilot project which saw the company partnering local maize farmers on a contract farming basis.

The company started operations last year and has since financed 900 hactares for maize production in Zimbabwe.

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