Agricare gets massive capital injection to boost feed production

Agricare Limited, a commercial feed mill, has received a massive injection of capital to boost the production of quality poultry feeds and concentrate, as the government takes steps to revamp the poultry industry.

Mr. William Awuku Ahiadormey, the Managing Director, said the substantial financial and technical support had come on the back of a partnership deal struck with Injaro Agricultural Venture Capital.

The company now has the capacity to supply both the local and West African sub-regional market.

Its daily feed production stands at 250 metric tons, and this could serve mature birds population in excess of 2.2 million a day.

Mr. Ahiadormey was speaking at the 47th-anniversary celebration of the Kumasi-based company held under the theme "Celebrating 47 years of excellence in quality feed production with Injaro partnership".

The event provided the platform to put on public display and re-launch three of its products – "5 percent gold concentrate", "20 per cent layer concentrate" and "layer mash".

In attendance were officials from the Food and Agriculture Ministry (MOFA), research institutions – Council for Scientific and Industrial Research (CSIR), Kwame Nkrumah University of Science and Technology, University of Cape Coast (UCC), farmers, Association of Ghana Industries (AGI) and the Ghana Feed Millers Association.

There were also representatives from Togo, Benin, Burkina Faso and La Cote D' Ivoire.

Mr. Ahiadormey spoke of plans to introduce an out-grower maize production scheme with local farmers to substantially produce maize, to feed the company's plant.

This, he noted, would significantly help to create job opportunities, especially for the youth.

Mr. Joseph K. Boamah, Chief Director of MOFA, gave the assurance that every effort would be made to increase local poultry production to meet the protein requirement of the population.

He said there was without doubt some challenges but expressed confidence that by working together - all stakeholders, these could be overcome.

He saluted the company for its production of quality feeds and concentrate and encouraged it to continue to put premium on the quality assurance.