Dizengoff, Best Foods, Apel Capital partner to establish investment fund
by Josephine Okojie
September 13, 2017 | 12:34 am| | | Start Conversation
Dizengoff Nigeria, Best Foods Limited and Apel Capital &Trust Limited have partnered to establish an investment fund geared towards crop production using modern greenhouse technology.
In the partnership, all parties are saddled with different responsibilities: Best Foods Fresh Farm Limited – will play the role of the fund manager, while Apel Capital & Trust Limited – will serve as the Trustee and Dizengoff Nigeria will operate as the technical partner in terms of production.
Emmanuel Ijewere, CEO, Best Foods Fresh Farms, stated that the fact that the farm will be established through the investor’s funds.
“The scheme which will be managed by a trustee -Apel Capital, is expected to bring a group of investors’ funds together with the aim of investing it in the agricultural sector to generate more profits”.
“Our main purpose of establishing the modern greenhouse farm, is to create a profitable state-of-the-art functional structure in the centre of the West African commercial capital, by providing simple innovative and effective farming methods to produce and supply high quality, fresh produce not just to our outlets, but to the broader market of Lagos Metropolis,” Ijewere said.
“Apel Capital will act as Trustees of the Fund for the Project. Therefore your investment will go into operating greenhouses and open field cultivation of short term horticultural produce for both the Lagos market and environs” the CEO added.
Ijewere encouraged interested parties who want to join this agriculture investment scheme, should please contact Best Foods Farms Ltd for more details.
Dizengoff Nigeria, leader in the production of greenhouse technology will be providing 10 units of greenhouses that would be used to setup a demo and model farm in Igbodu, Epe where Best Foods already have a farmer. Apel Capital will act as the trustee for the investment fund.
Also, Dizengoff it will provide technical support on the project from stallation, training to cultivation amongst others. The company will also provide trained agronomists to the farm and to greenhouses bought by the investment fund.
In his response, Antti Ritvonen, CEO and country manager, Dizengoff Nigeria, said “as the technical partner on this project, Dizengoff will focus on its area competency, which is to ensure bountiful production all year round, thereby giving investors value for their investment.”
“We believe it is not enough to provide products alone, through our combine technical know-how, with do-how and quality inputs, we will performed consistently, day in and day out,” Ritvonen said.
The fund is targeted at achieving 35percent return for investors who would invest into the fund and the minimum investment required is N500, 000.
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