AI ILLUSTRATION
AFRICA Mega Agricultural Corp PLC (NSE: AMAC) has finalised an agreement at Gulfood Dubai to onboard more than 1,500 international buyers onto its digital commodities exchange platform.
Formerly Kenya Orchards Ltd, the firm will use the deal to boost global market access for agricultural exporters in Kenya, East Africa.
The Nairobi Securities Exchange listed company (formerly Kenya Orchards Ltd.) will use the deal to boost global market access for agricultural exporters in Kenya and East Africa, management has said.
Executed in Dubai, the agreement supports the company’s goal of establishing the city as a primary hub for international buyer aggregation, transaction settlement and re-export of African agricultural commodities.
The platform’s operational rollout and the onboarding of new buyers are expected to begin in the coming weeks.
AMAC operates an integrated agribusiness trade platform that connects vetted exporters, institutional buyers, logistics firms and financial institutions through standardised digital workflows.
The platform facilitates structured trade in fresh produce, long-life agricultural exports, food imports and domestic Fast-Moving Consumer Goods distribution by consolidating compliance, collateral management, settlement controls and trade data.
Commenting on the agreement, AMAC chief executive Abraham Ng’etich noted that the deal represents a vital step in the company’s international growth strategy.
“This agreement speeds up our efforts to attract more global buyer participation on our platform and sharpen price discovery for African agricultural exports,” said Ng’etich.
“By anchoring buyer aggregation and settlement through Dubai, we are building a scalable, finance-ready marketplace that boosts liquidity while effectively managing counterparty and settlement risk for all participants.”
Africa Mega Agricultural Corp PLC, which rebranded in 2024 following a strategic transformation, was formerly known as Kenya Orchards Ltd.
The company maintains an international footprint in Dubai through a fully registered subsidiary which supports escrow services, warehousing and re-export capabilities for global markets.
The transaction does not involve any change in the company’s shareholding structure or control.
The agreement remains subject to standard operational and regulatory processes, with further announcements expected to be made as appropriate, in accordance with Nairobi Securities Exchange disclosure requirements.