Kentegra Biotechnology
Description
Kentegra Biotechnology contracts smallholder farmers to revitalize the pyrethrum sector in Kenya to manufacture a natural active ingredient for the insecticide and pesticide industry internationally.
Market Opportunity/ Problem
Kenyan government stability, recent deregulation, and incentives for foreign investment have created an opportunity to revitalize an industry that supplied what was once the third-largest export in Kenya (behind coffee and tea). With the end of the failed government-owned pyrethrin enterprise, experienced farmers are eager to supply raw material to more reliable and consistent private sector buyers.
Company Information
Years of operation
4
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Kenya
Other country(ies) of operation
N/A
How many employees does your business have?
130
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?
10% equity, 90% debt