ga('send', 'pageview');

Agric Firm Invests Massively in Africa to Engineer Food Security

By Modupe Gbadeyanka

President, Chairman and CEO of AGCO, Your Agriculture Company, Mr Martin Richenhagen, has disclosed that his firm was making major investments in Africa to engineer food security and support sustainable productivity through technology and innovation.

Mr Richenhagen said this at opening of the new headquarters in Johannesburg, part of AGCO’s continually developing infrastructure on the continent, which has also seen the establishment of a parts warehouse, the AGCO Future Farm and Training Center in Zambia and a Joint Venture to produce tractors in Algeria.

Most recently, the company launched the new AGCO Agribusiness Qualification (AAQ), an accredited two-year agribusiness program.

ALSO READ  Nigeria’s Content Board Shares $21m NCI Fund to Vendors

According to him, “Africa’s role is pivotal to feeding the world’s growing population and repairing the problem of global food security.”

Mr Richenhagen outlined AGCO’s vision and strategy for advancing African agricultural prosperity, at the official opening of the company’s new Africa headquarters in Johannesburg on May 21, 2018.

“With global sales of $8.3 billion, AGCO is making major investments in Africa to engineer food security and support sustainable productivity through technology and innovation,” explained Mr Richenhagen. “As a ‘first mover’ in innovation, we are meeting the challenge to grow more food with fewer resources head-on.”

ALSO READ  Asian Shares Close Mixed on Rising Bond Yileds from US Firms

In a further significant move, the company is poised to develop its involvement in the Agri-Parks project, the networked innovation system of agro-production, processing, logistics, marketing, training and extension services.

“With AGCO’s wide-ranging products, services and expertise, we are perfectly placed to make a valuable contribution to this exciting initiative in agricultural production and rural economic transformation,” commented, Nuradin Osman, AGCO Vice President and General Manager Africa.

ALSO READ  AGCO Launches AGCO Agriculture Foundation

 “The company’s approach to ‘serve Africa from Africa’ is central to our strategy to accelerate and deepen agricultural growth on the continent. Africa – your time is now,” said Gary Collar, AGCO Senior Vice President and General Manager Asia-Pacific and Africa.

Mr Richenhagen said, “Meeting key stakeholders in Africa’s agricultural advancement was a great opportunity for me, and as a business we are committed to Africa and will be available to add towards initiatives that ensure that agriculture is done differently, in order to contribute towards economic growth and job creation.”

Related Articles

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

more recommended stories

%d bloggers like this: