EKAP Agro-Industrie
Description
EKAP is one of the leading companies in the import of agricultural inputs, tractors, motorcycles, threshing machines, fertilizers, herbicides, and phytosanitary products in Guinea. Additionally, the company embarked on farming and processing of rice by building a rice mill in Kankan in partnership with other local operators (Bobo Denken)
Market Opportunity/ Problem
Despite its strengths, Guinea has not yet achieved food self-sufficiency. To close this gap, the country imports large quantities of food. EKAP’s goal is to benefit from the recently created favourable environment for private investment in the areas of supply, production, marketing and agricultural services. Supported by the Agro-Industrial Consortium of Guinea (CAIG), EKAP has initiated an accelerated agricultural production program for food and nutritional security, through short-cycle agricultural production projects, to ensure the availability and accessibility of basic foodstuffs to the populations and in particular to the most affected sections of rural areas across the country.
Company Information
Years of operation
10
Type of organization
Private company
Stage of the business
Early stage/ Startup
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Guinea
Other country(ies) of operation
N/A
How many employees does your business have?
37
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
80% debt and 20% equity