Investment by African Agricultural Capital Fund
Midlands Limited is an agro-processing company, with the objective of adding value to temperate zone agricultural produce in Kenya. Situated on a 25 acre piece of land in South Kinangop, Nyadarua which is in the South rift valley, the crop range of the business included potatoes, carrots, cabbage, sukuma wiki and peas. Although the company was incorporated in 1987, requisite operation licenses were given only in 2004, when the company was re-launched. Our investment of KES 200,000,000 financed both working capital and equipment investments so as to realize existing processing capacity utilization for ready to cook potatoes. From the potato waste the company will produce feed for cattle. In addition the company will engage in fresh vegetable packaging and bottled water. These lines of business outside the core potato business should be fully realized over a 3-4 year timeline.