Ellah Lakes Expands Operations to Ghana, Partners KJM

June 29, 2021
Ellah Lakes

By Dipo Olowookere

A leading agricultural company in Nigeria, Ellah Lakes Plc, has partnered with a Ghanaian firm, KJM Trading Limited Ghana, with the purpose of expanding its operations to the West African country.

Under the partnership, Ellah Lakes, which trades its shares on the Nigerian Exchange (NGX) Limited, will acquire 20,000 hectares of arable farmland in Ghana.

A statement from the organisation disclosed that the deal will KJM aligns with its strategic plan to establish a presence in three other Anglophone countries in West Africa, starting with Ghana.

It was stated that the collaboration will require the Ghanaian company to facilitate the development of Ellah Lakes’ business interests and operations in the country.

However, the agreement between both firms is subject to negotiation and execution of definitive documentation in more detail with the terms of their collaboration.

“Ellah Lakes is very pleased to commence this strategic partnership with KJM Trading Ltd. This is the first stage of our planned West African dominance and Ellah Lakes Ghana, a subsidiary of Ellah Lakes Plc will be set up as a result of this partnership.

“Under this partnership, Ellah Lakes will also kick off the process of securing 20,000 hectares of arable farmland in Ghana. We are certain that this partnership will strengthen and advance the transformation agenda of the company,” the Chief Executive Officer/Managing Director of Ellah Lakes, Mr Chuka Mordi, said.

On his part, the Chief Executive Officer of KJM Trading Ltd, Mr Emmanuel Kojo Jones-Mensah, stated that, “At KTLG, we aim to build a prosperous agriculture chain in Africa. We are excited to be part of this next chapter of Ellah Lakes growth and look forward to putting our expertise and experience to use for a successful partnership.”

KJM is a private limited liability company incorporated under the laws of Ghana, focused on the enhancement of agricultural value chains with operations and a network across Nigeria and Africa.

The firm renders services such as clearing, warehousing as well as haulage and transportation, which are designed to meet the global needs of import and export businesses.

In addition, the company imports products for sale to their vast network of buyers and suppliers across Africa and have strong partnerships with local farmers for direct distribution of produce to the local and foreign market.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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